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Medalist Diversified REIT Completes Acquisition of the Brookfield Center
Tuesday 08 October 2019

8 October 2019 - US-based real estate investment trust Medalist Diversified REIT (NASDAQ: MDRR) has completed the acquisition of the Brookfield Center, a 66,000 sq. ft. flex-industrial property located in Greenville, South Carolina, for a purchase price of USD 6.7m, the company said.

The Brookfield Center is 100% occupied and anchored by Gravitopia, the largest developer, operator and franchisor of trampoline parks.

The center also includes other national, local and regional tenants. Greenville is 4th among 15 of the fastest-growing large cities in the US and is home to well-known national and international corporations.

Medalist 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.
Date Published: 08/10/2019
Target: Brookfield Center
Country: USA
Deal Size: 6.7m (USD)
Sector: Construction/Real Estate
Type: LBO
Financing: Cash
Status: Closed
Buyer: Medalist Diversified REIT