Medalist Diversified REIT has established a special committee of the Board to explore potential strategic alternatives.

The special committee, comprised solely of independent directors, will consider a business combination involving the company, a sale of all or part of the company's assets, joint venture arrangements and/or restructurings, and determining whether a strategic transaction is in the best interests of the company.

Jones Lang LaSalle Securities has been retained to act as financial advisor and Troutman Pepper Hamilton Sanders LLP as legal counsel.

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