Medalist Diversified REIT Appoints Kory J. Kramer to Enhance Board Leadership

Medalist Diversified REIT Strengthens Board with Strategic Appointment

Medalist Diversified REIT, a Virginia-based real estate investment trust specializing in commercial properties across the Southeast U.S., enhances its leadership team with the appointment of Kory J. Kramer to its Board of Directors. Kramer brings a wealth of experience in the real estate sector as a partner and investment officer at Eagle Four Partners, a private equity firm known for its robust portfolio and strategic investments. His impressive track record includes overseeing transactions exceeding $3 billion, which encompasses high-profile projects such as Pendry Newport Beach and VEA Newport Beach. This new addition to Medalist’s board is anticipated to bolster the company’s strategic vision and operational effectiveness.

Frank Kavanaugh, CEO of Medalist, expresses strong enthusiasm regarding Kramer's appointment, emphasizing that his extensive industry knowledge is expected to significantly enhance the company’s efforts in creating long-term shareholder value. Kramer's expertise aligns with Medalist’s strategic goals, suggesting that his insights into market trends and investment opportunities will be invaluable as the company seeks to expand its footprint in the competitive real estate landscape. This move reflects Medalist’s ongoing commitment to leveraging top-tier talent to navigate the complexities of the market and drive growth.

In conjunction with Kramer's appointment, Medalist Diversified REIT announces a quarterly cash dividend of $0.065 per share, scheduled for payment on January 23, 2025, to shareholders on record as of January 20, 2025. This dividend declaration underscores the company's dedication to maintaining sound financial practices while enhancing shareholder returns. The release of this information also includes forward-looking statements regarding the anticipated impact of Kramer's role on the company’s future strategy. However, investors are reminded to consider these statements as contingent upon various factors, as actual outcomes may differ.

In summary, the strategic addition of Kory J. Kramer to the Board of Directors positions Medalist Diversified REIT favorably within the real estate market. His extensive experience and insights are expected to drive the company’s initiatives forward while enabling it to better serve its shareholders through both enhanced governance and continued financial prudence. As Medalist continues to refine its approach to the evolving market, this appointment marks a significant step in its mission to build a robust commercial property portfolio.