DivestmentAug 5, 2026, 08:38 AM
Medalist Diversified Completes $16.28M Ashley Plaza Sale
AI Summary
Medalist Diversified, Inc. announced the completion of the sale of its Ashley Plaza Shopping Center in Goldsboro, North Carolina, for $16,275,000. The company utilized a significant portion of the proceeds, $10,060,697, to defease and retire the mortgage loan secured by the property. This filing also includes unaudited pro forma consolidated financial information reflecting the impact of this and six other property dispositions, as well as the deconsolidation of the XXV DST 1 entity, which occurred between October 2025 and July 2026.
Key Highlights
- Completed the sale of the Ashley Plaza Shopping Center on July 31, 2026.
- The Ashley Plaza Property was sold for a total sales price of $16,275,000.
- Used $10,060,697 from the Ashley Plaza sale proceeds to retire its mortgage loan.
- Provided unaudited pro forma financials for seven property dispositions and one deconsolidation.
- Salisbury Property was sold for $9,930,000, resulting in approximately $4.45 million net cash.
- Buffalo Wild Wings and United Rentals Properties sold for a combined $5,299,500.
- Greenbrier Property sold for $11,000,000, with $7,000,000 used for debt repayment.
- Franklin Square Property sold for $24,100,000, with $12,954,175 used for debt repayment.
- Received approximately $6,777,444 net cash from the deconsolidation of XXV DST 1 entity.
Price Impact
More from MDRR