{"id":760359,"date":"2023-05-24T16:33:37","date_gmt":"2023-05-24T20:33:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/medalist-diversified-reit-inc-announces-the-appointment-of-francis-p-kavanaugh-to-its-board-of-directors\/"},"modified":"2023-05-24T16:33:37","modified_gmt":"2023-05-24T20:33:37","slug":"medalist-diversified-reit-inc-announces-the-appointment-of-francis-p-kavanaugh-to-its-board-of-directors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/medalist-diversified-reit-inc-announces-the-appointment-of-francis-p-kavanaugh-to-its-board-of-directors\/","title":{"rendered":"Medalist Diversified REIT, Inc. Announces the Appointment of Francis P. Kavanaugh to its Board of Directors"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Medalist Diversified REIT, Inc. Announces the Appointment of Francis P. Kavanaugh to its Board of Directors<\/b><\/p>\n<p>RICHMOND, Va.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nMedalist Diversified REIT, Inc. (NASDAQ: MDRR) (the \u201cCompany\u201d), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., today announced the appointment of Francis P. Kavanaugh to its Board of Directors (the \u201cBoard\u201d), effective immediately.<\/p>\n<p>\nMr. Kavanaugh has also been appointed as a member of the previously disclosed Special Committee of the Board charged with exploration of potential strategic alternatives in order to maximize stockholder value.<\/p>\n<p>\nMr. Kavanaugh has 30+ years of diverse experience in real estate investment, business restructuring, and operational leadership. Mr. Kavanaugh is currently employed as a Managing Director of Fort Ashford Funds, LLC. He has served as its manager since the company\u2019s inception in 2004. \u201cWe are pleased to add a leader of Frank\u2019s caliber to our Board,\u201d said Bill Elliott, President and Chief Operating Officer. \u201cWe understand the value of having experienced, diverse and independent perspectives in our boardroom and have taken significant steps to ensure the Board reflects an appropriate mix of backgrounds. Mr. Kavanaugh brings substantial expertise and a new perspective to the Board. The addition of Mr. Kavanaugh reflects our commitment to enhancing value for our stockholders. We look forward to optimizing the Company\u2019s exploration of potential strategic alternatives with Mr. Kavanaugh\u2019s strong operational leadership background and vision for strategic changes.\u201d<\/p>\n<p>\n&#8220;I appreciate the Board and Special Committee\u2019s decision,\u201d said Frank Kavanaugh. \u201cIt emphasizes their efforts for transparency and thorough evaluation of all strategic options, all while maintaining a core focus on prioritizing the best interests of the stockholders.&#8221;<\/p>\n<p>\nConcurrently with his appointment to the Board, Mr. Kavanaugh and the Company have entered into a cooperation agreement, which will be included as an exhibit to the Company\u2019s Current Report on Form 8-K to be filed with the Securities and Exchange Commission.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis 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 not historical and are typically identified by such words as \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cestimate, \u201cmay,\u201d \u201cwill,\u201d \u201cshould\u201d and \u201ccould.\u201d Forward-looking statements are based upon the Company\u2019s present expectations, but are not guarantees or assurances as to future developments or results. Factors that may cause actual developments or results to differ from those reflected in forward-looking statements include, without limitation, those included in the Company\u2019s most recent Annual Report on Form 10-K and in the Company\u2019s other filings with the Securities and Exchange Commission. Investors should not place undue reliance upon forward-looking statements. The Company disclaims any obligation to publicly update or revise any forward-looking statements to reflect changes and new developments except as required by law or regulation.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230524005760r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230524005760\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230524005760\/en\/<\/a><\/span><\/p>\n<p>\nBrent Winn<br \/>\n<br \/>Medalist Diversified REIT, Inc.<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:brent.winn@medalistprop.com\">brent.winn@medalistprop.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Virginia United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> REIT Other Construction &amp; Property Residential Building &amp; Real Estate Commercial Building &amp; Real Estate Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230524005760\/en\/1584139\/3\/MDRR_Color_Logo_1.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Medalist Diversified REIT, Inc. Announces the Appointment of Francis P. Kavanaugh to its Board of Directors RICHMOND, Va.&#8211;(BUSINESS WIRE)&#8211; Medalist Diversified REIT, Inc. (NASDAQ: MDRR) (the \u201cCompany\u201d), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., today announced the appointment of Francis P. Kavanaugh to its Board of Directors (the \u201cBoard\u201d), effective immediately. Mr. Kavanaugh has also been appointed as a member of the previously disclosed Special Committee of the Board charged with exploration of potential strategic alternatives in order to maximize stockholder value. Mr. Kavanaugh has 30+ years of diverse experience in real estate investment, business restructuring, and operational leadership. Mr. Kavanaugh is currently employed &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/medalist-diversified-reit-inc-announces-the-appointment-of-francis-p-kavanaugh-to-its-board-of-directors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Medalist Diversified REIT, Inc. Announces the Appointment of Francis P. Kavanaugh to its Board of Directors&#8221;<\/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-760359","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Medalist Diversified REIT, Inc. Announces the Appointment of Francis P. 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(NASDAQ: MDRR) (the \u201cCompany\u201d), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S., today announced the appointment of Francis P. Kavanaugh to its Board of Directors (the \u201cBoard\u201d), effective immediately. Mr. Kavanaugh has also been appointed as a member of the previously disclosed Special Committee of the Board charged with exploration of potential strategic alternatives in order to maximize stockholder value. Mr. Kavanaugh has 30+ years of diverse experience in real estate investment, business restructuring, and operational leadership. Mr. Kavanaugh is currently employed &hellip; Continue reading &quot;Medalist Diversified REIT, Inc. Announces the Appointment of Francis P. 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