{"url_path":"/sec/mdrr/8-k/2026-06-17/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 **","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-17","source_url":"https://www.sec.gov/Archives/edgar/data/1654595/0001104659-26-075174-index.html","accession_number":"0001104659-26-075174","cik":"0001654595","ticker":"MDRR","issuer_name":"Medalist Diversified, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1654595/0001104659-26-075174-index.html","primary_entity_key":"0001654595","primary_entity_name":"Medalist Diversified, Inc."},"word_count":280,"has_tables":true,"body_markdown":"**Item 1.01**\n\n**ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.**\n\n​\n\nOn June 17, 2026, (the “Effective Date”), MDR Brookfield, LLC, a Delaware limited liability company (the “Seller”), entered into a Purchase and Sale Agreement (the “Purchase and Sale Agreement”), with Person Street Partners GP Fund I, L.P., a Delaware limited partnership (the “Purchaser”), whereby the Purchaser agreed to acquire (the “Acquisition”) Brookfield Center, an approximately 64,880 square foot flex-industrial property in Greenville, South Carolina and more particularly described in Exhibit A to the Purchase and Sale Agreement (the “Property”). The total consideration for the Property is $10,250,000 (the “Consideration”), subject to the prorations and adjustments described in the Purchase and Sale Agreement. The Consideration is to be paid by the Purchaser to the Seller at the Closing (as that term is defined in the Purchase and Sale Agreement). The Purchaser is required to make an earnest money deposit of $150,000 within five business days of the Effective Date.\n\n​\n\nThe Purchase and Sale Agreement contains provisions, representations, warranties, covenants, conditions and indemnities that are customary and standard for the real estate industry and the sale of commercial real property. The Acquisition is expected to close within 45 days. Several conditions to closing on the Acquisition remain to be satisfied, and there can be no assurance that the Purchaser will complete the transaction on the general terms described above or at all.\n\n​\n\nThe foregoing description of the Purchase and Sale Agreement is qualified in its entirety by reference to the Purchase and Sale Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference in this Item 1.01.\n\n****​\n\n​"}