Medalist Diversified sells Franklin Square property for $24.1M, retires $13M in debt

Filed April 1, 2026 · Period ending March 30, 2026 · ~1 min read

Key Changes

• high

  Completed sale of 134,239 sq ft Franklin Square retail property in Gastonia, NC for $24.1 million on March 30, 2026. Transaction was with unaffiliated buyer following arm's length negotiations.

  Item 2.01 verify on EDGAR →
• medium

  Used $13 million of sale proceeds to defease and retire mortgage loan secured by the property, reducing company leverage and eliminating debt obligations tied to the sold asset.

  Item 2.01 verify on EDGAR →
• medium

  Board declared quarterly cash dividend of $0.0675 per share, payable April 21, 2026 to shareholders of record as of April 15, 2026.

  Item 8.01 verify on EDGAR →