{"id":400459,"date":"2020-12-15T16:47:14","date_gmt":"2020-12-15T21:47:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=400459"},"modified":"2020-12-15T16:47:14","modified_gmt":"2020-12-15T21:47:14","slug":"medalist-diversified-reit-announces-extension-of-clemson-university-rental-agreement-through-may-2021-for-its-clemson-best-western-property","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/medalist-diversified-reit-announces-extension-of-clemson-university-rental-agreement-through-may-2021-for-its-clemson-best-western-property\/","title":{"rendered":"Medalist Diversified REIT Announces Extension of Clemson University Rental Agreement Through May 2021 for Its Clemson Best Western Property"},"content":{"rendered":"

<\/p>\n

Medalist Diversified REIT Announces Extension of Clemson University Rental Agreement Through May 2021 for Its Clemson Best Western Property<\/span><\/b><\/p>\n

RICHMOND, Va.–(BUSINESS WIRE<\/a>)–Medalist Diversified REIT, Inc. <\/b>(NASDAQ: MDRR) (the \u201cCompany\u201d or \u201cMedalist\u201d), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing value-add commercial real estate in the Southeast region of the U.S., today announced that it has extended its rental agreement with Clemson University for the Company\u2019s Clemson Best Western Plus property. Under the terms of the agreement, the university has agreed to extend its rental contract for the entire 148-room Clemson Best Western Plus property through May 5, 2021.\n<\/p>\n

\n\u201cWe are very pleased to continue our relationship with Clemson University,\u201d stated Thomas E. Messier, Chairman and Chief Executive Officer of Medalist. \u201cWhile many in our industry continue to struggle from the impact of COVID-19, our focus on secondary and tertiary markets in the southeast, combined with mutually beneficial agreements such as this contract with Clemson, have enabled us to continue to outperform many of our peers, placing us in a great position to further expand our portfolio in 2021 and beyond.\u201d\n<\/p>\n

About Medalist Diversified REIT <\/b><\/p>\n

\nMedalist 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\u2019s 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 https:\/\/www.medalistreit.com<\/a>.\n<\/p>\n

Forward Looking Statements <\/b><\/p>\n

This press release contains statements that are \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward looking statements are statements that are not historical, including statements regarding management\u2019s intentions, beliefs, expectations, representations, plans or predictions of the future, and are typically identified by such words as \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cestimate,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould\u201d and \u201ccould.\u201d Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon the Company\u2019s present expectations, but these statements are not guaranteed to occur, including, without limitation, with respect to the completion of the proposed public offering on the terms described or at all. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the \u201cRisk Factors\u201d section of the prospectus dated February 13, 2020, and in the Company\u2019s subsequent annual and periodic reports and other documents filed with the SEC, copies of which are available on the SEC\u2019s website, www.sec.gov<\/a>.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201215006125\/en\/<\/a><\/span><\/p>\n

\nDave Gentry, CEO
\n
RedChip Companies Inc.
\n
407-491-4498
\n
dave@redchip.com<\/a><\/p>\n

\n\u00a0\n<\/p>\n

KEYWORDS:<\/b> Virginia South Carolina United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Commercial Building & Real Estate Construction & Property REIT<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Medalist Diversified REIT Announces Extension of Clemson University Rental Agreement Through May 2021 for Its Clemson Best Western Property RICHMOND, Va.–(BUSINESS WIRE)–Medalist Diversified REIT, Inc. (NASDAQ: MDRR) (the \u201cCompany\u201d or \u201cMedalist\u201d), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing value-add commercial real estate in the Southeast region of the U.S., today announced that it has extended its rental agreement with Clemson University for the Company\u2019s Clemson Best Western Plus property. Under the terms of the agreement, the university has agreed to extend its rental contract for the entire 148-room Clemson Best Western Plus property through May 5, 2021. \u201cWe are very pleased to continue our relationship with Clemson University,\u201d stated Thomas E. Messier, Chairman and … <\/p>\n

Continue reading “Medalist Diversified REIT Announces Extension of Clemson University Rental Agreement Through May 2021 for Its Clemson Best Western Property”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-400459","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMedalist Diversified REIT Announces Extension of Clemson University Rental Agreement Through May 2021 for Its Clemson Best Western Property - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/medalist-diversified-reit-announces-extension-of-clemson-university-rental-agreement-through-may-2021-for-its-clemson-best-western-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Medalist Diversified REIT Announces Extension of Clemson University Rental Agreement Through May 2021 for Its Clemson Best Western Property - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Medalist Diversified REIT Announces Extension of Clemson University Rental Agreement Through May 2021 for Its Clemson Best Western Property RICHMOND, Va.–(BUSINESS WIRE)–Medalist Diversified REIT, Inc. (NASDAQ: MDRR) (the \u201cCompany\u201d or \u201cMedalist\u201d), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing value-add commercial real estate in the Southeast region of the U.S., today announced that it has extended its rental agreement with Clemson University for the Company\u2019s Clemson Best Western Plus property. Under the terms of the agreement, the university has agreed to extend its rental contract for the entire 148-room Clemson Best Western Plus property through May 5, 2021. \u201cWe are very pleased to continue our relationship with Clemson University,\u201d stated Thomas E. 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