Medalist Diversified REIT, Inc. Announces Property Sales Agreements

Medalist Diversified REIT, Inc. has entered into two separate Purchase and Sale Agreements for the sale of properties. The first agreement involves the sale of the Greenbrier Business Center in Chesapeake, VA, for $11,000,000, with an expected closing within 60 days. The second agreement involves the sale of two single-tenant buildings in Bowling Green, KY, and Huntsville, AL, for $5,350,000, with an expected closing within 45 days. Both transactions are subject to customary closing conditions and there is no assurance that the transactions will be completed. The filings also include forward-looking statements regarding the potential outcomes of these transactions.