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, William Elliott will be leaving respective as the former Vice Chairman, President, and Chief Operating Officer effective immediately. In the interim, Timothy O?Brien will step in as Chairman of the Board and Brent Winn will continue in his role as Chief Financial 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.