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Medalist Diversified Reit Announces The Purchase Of Salisbury Marketplace And The Completion Of A Financing Transaction With Wells Fargo Bank

PRIVATEJun 13, 2022

Round Type

Funding Round

United StatesOtherReal EstateSales And MarketingReal Estate InvestmentCommercial Real Estate

Description

Medalist Diversified REIT, Inc. (NASDAQ: MDRR) (the “Company” or “Medalist”), a Virginia-based real estate investment trust that specializes in acquiring and managing commercial real estate in the Southeastern United States, today announced Medalist Diversified Holdings, L.P., the operating partnership of Medalist, completed the purchase of a community shopping center consisting of 79,732 square feet of leasable area in Salisbury, North Carolina, commonly referred to as Salisbury Marketplace (“Salisbury Marketplace”), from an unaffiliated seller for a purchase price of $10,025,000 on June 10, 2022. The Company invested approximately $3.3 million of cash in Salisbury Marketplace, which is anchored by Food Lion, CitiTrends and Family Dollar.

Quick answer

Medalist Diversified REIT raised an undisclosed amount in a Funding Round round, dated June 13, 2022. Medalist Diversified REIT is based in United States.

How much did Medalist Diversified REIT raise?
Medalist Diversified REIT raised an undisclosed amount in a Funding Round round on June 13, 2022.
What does Medalist Diversified REIT do?
Medalist Diversified REIT Inc. is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing value-add commercial real estate in the Mid-Atlantic and Southeast regions.
Where is Medalist Diversified REIT based and how big is it?
Medalist Diversified REIT is based in United States. Fundz records about 8 employees.

Source: Fundz verified event record.

Who else raised in Real Estate and Sales And Marketing around the same time

Companies in the same sectors as Medalist Diversified REIT that raised within 45 days of this round, from Fundz verified event records.

  • Greystone raised $12M (Funding Round) on June 30, 2022.
  • Greystone raised $24M (Funding Round) on June 21, 2022.
  • W. P. Carey raised an undisclosed amount on June 7, 2022.
  • Greystone raised $10M (Funding Round) on June 6, 2022.
  • Greystone raised $50M (Funding Round) on May 3, 2022.
  • Courted raised $6M (Seed) on May 3, 2022.

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Company Information

Company

Medalist Diversified REIT

Location

United States

About

Medalist Diversified REIT Inc. is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing value-add commercial real estate in the Mid-Atlantic and Southeast regions. The Company’s strategy is to focus on value-add and opportunistic commercial real estate which is expected to provide an attractive balance of risk and returns. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions. The Company seeks to maximize operating performance of current properties by utilizing a hands-on approach to property management while monitoring the middle market real estate markets in the southeast for acquisition opportunities and disposal of properties as considered appropriate. For more information on Medalist, please visit the Company website at www.medalistreit.com.

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Medalist Diversified REIT raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.