Home Top Movers Medalist Diversified REIT Inc. (MDRR) stock gains during pre-market. Let’s find out...

Medalist Diversified REIT Inc. (MDRR) stock gains during pre-market. Let’s find out why?

Medalist Diversified REIT Inc. (NASDAQ: MDRR) stock surged by 4.26% at last close while the MDRR stock price continues to rise by 0.68% in the pre-market trading session. Medalist Diversified REIT Inc. is a real estate investment trust headquartered in Virginia that focuses on acquiring, purchasing, and controlling value-add commercial real estate in the Mid-Atlantic and Southeast regions.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

What is happening?

Medalist Diversified Holdings, the corporate partnership of Medalist Diversified REIT, Inc., purchased a retail center in Lancaster, South Carolina, known as the Lancer Center property, from an unaffiliated seller on May 14, 2021, for a purchase price of $10,100,000, excluding the closing amount and a $200,000 credit to a lender.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Read More

MDRR’s $3,750,000 equity contribution was made possible by a part of the gross proceeds from MDRR’s common stock offering, which Medalist completed with Kingswood Capital on April 13, 2021. The residual funds from the common stock sale are expected to be used for further acquisitions in 2021, according to management. A private loan was used to cover the remainder of the Lancer Center’s purchasing price.

The Lancer Center anchor tenants include the following:

  • Big Lots
  • Harbor Freight
  • KJ’s Grocery
  • Babcock Furniture

Bill Elliott, Vice Chairman and President of MDRR, commented:

Lancer Center has a dynamic staff lease, which is in line with their approach and can produce healthy and long-term cash flow. As they work to exit their hotel assets, one of Medalist’s ambitions is to buy similar cash-flowing assets. Buying cash-flowing assets like Lancer Center will help them continue to add value for the investors.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Thomas E. Messier, Chairman and CEO of MDRR stated:

MDRR’s 2021 plan to recover from COVID-19, reposition its portfolios, yet proceed to expand through capital raising and property acquisitions include a profitable common stock offering and the purchase of the Lancer Center.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Why Iconix Brand Group Inc (ICON) stock turnaround in the after-hours on Thursday?

Iconix Brand Group Inc (ICON) shares started the Thursday, June 17, 2021, trading be losing 1.87% and close the normal trading session at $3.14...

ISun Inc. (ISUN) stock surged during current market trading. Here’s the update

ISun Inc. (NASDAQ: ISUN) stock gained by 19.51% in the current market trading. iSun, based in Burlington, Vermont, is a company built on ideals...

The Trade Desk Inc. (TTD) stock plunged during pre-market. Here’s to know why?

The Trade Desk Inc. (NASDAQ: TTD) stock gained by 0.76% at last close whereas the TTD stock price declines by 90.03% in the pre-market...

Synaptogenix Inc. (SNPX) stock soars during after-hour trading. Why so?

Synaptogenix Inc. (NASDAQ: SNPX) stock gained by 6.33% at last close while the SNPX stock price rises further by 13.48% in the after-hours trading...

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Anpac Bio-Medical Science Inc. (ANPC) stock soars during pre-market trading. Here’s the update

Anpac Bio-Medical Science Inc. (NASDAQ: ANPC) stock gained by 0.46% at last close while the ANPC stock price surged by 22.40% in the pre-market...

VivoPower International Inc. (VVPR) stock soars during pre-market trading. What’s driving it high?

VivoPower International Inc. (NASDAQ: VVPR) stock gained by 1.13% at last close while the VVPR stock price surged during pre-market trading by 1.54%. VivoPower...

Related News

Edesa Biotech Inc. (EDSA) stock surged during current market trading. Here’s to know why?

Edesa Biotech Inc. (NASDAQ: EDSA) stock gained by 4.22% in the current market trading. Edesa Biotech is a clinical-stage biopharmaceutical business dedicated on the...

VivoPower International Inc. (VVPR) stock soars during pre-market trading. What’s driving it high?

VivoPower International Inc. (NASDAQ: VVPR) stock gained by 1.13% at last close while the VVPR stock price surged during pre-market trading by 1.54%. VivoPower...

Cleveland BioLabs Inc. (CBLI) stock surged during after-hour session. Here’s what’s happening?

Cleveland BioLabs Inc. (NASDAQ: CBLI) stock declined by 3.58% at the last close while the CBLI stock price gains by 17.53% during the after-hour...

Why Ares Commercial Real Estate Corp (ACRE) stock plummeted on Thursday?

Ares Commercial Real Estate Corporation (ACRE) shares slipped 4.35% in after-hours on Thursday, June 17, 2021, and close the trading at $15.60. Earlier, ACRE's...

Nano-X Imaging Ltd. (NNOX) stock gained in the current market trading. Here’s to know why?

Nano-X Imaging Ltd. (NASDAQ: NNOX) stock gained by 14.90% in the current market trading. Nanox which is an Israeli company started by serial entrepreneur...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam