Medalist Diversified, Inc. — Form 8-K

Medalist Diversified, Inc. formed Mira SAV Partners, LLC on September 1, 2026, a joint venture with Mira SAV Venture, LLC (MSV), to develop a 149-unit build-to-rent townhome community called Mira Townhomes in Savannah, Georgia. MDI contributed $4.0M preferred equity (42.23% interest); MSV contributed $5.47M common equity (57.77% interest), for total capitalization of $9.47M. The project is phased: horizontal phase (infrastructure, remediation) funded by construction loan, followed by optional vertical phase. MDI receives 15% annual preferred return (6% paid quarterly, 9% accruing). The agreement contemplates refinancing/recapitalization after horizontal completion; MSV is the manager.