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Medalist Diversified, Inc. closed on the sale of its Brookfield Property in Greenville, South Carolina, for $10.1…
MDRRMedalist Diversified, Inc.
Medalist Diversified, Inc. closed on the sale of its Brookfield Property in Greenville, South Carolina, for $10.1 million on September 1, 2026, using $4.34 million to defease and retire the associated mortgage loan. The company also entered a joint venture with Spandrel Development Partners, contributing $4.0 million for a 42% preferred equity interest in Mira Sav Partners LLC, while providing a limited guaranty for an approximate $13.5 million construction loan. Additionally, Medalist reinstated and amended its Purchase and Sale Agreement for the Aubrey, Texas property, reducing the sales price from $5,494,444 to $5,404,864 and extending the inspection period. The company operates in the real estate investment trust industry, owning and managing a diversified portfolio of commercial properties.