Medalist Diversified REIT, Inc. announced that the Company has completed its process to internalize management, and resultant changes to the Company?s leadership and to the Company?s Board of Directors. In connection with these actions, Thomas (Tim) Messier as the former Chairman and Chief Executive Officer. Francis Kavanaugh will step in as interim Chief Executive Officer.

These changes are expected to lead to streamlined operations, reduced costs, and increased agility. Medalist is committed to a smooth transition process and ensuring continuity of leadership, with the primary focus on preserving and enhancing shareholder value.