MDRR - Medalist Diversified REIT rallies after-hours on Clemson University rental agreement extension

Medalist Diversified REIT (MDRR) +24.6% AH, extended its rental agreement with Clemson University for the Company’s Clemson Best Western Plus property.Under agreement terms, the university has agreed to extend its rental contract for the entire 148-room Clemson Best Western Plus property through May 5, 2021."While many in our industry continue to struggle from the impact of COVID-19, our focus on secondary and tertiary markets in the southeast, combined with mutually beneficial agreements such as this contract with Clemson, have enabled us to continue to outperform many of our peers, placing us in a great position to further expand our portfolio in 2021 and beyond," chairman & CEO Thomas E. Messier commented.

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Medalist Diversified REIT rallies after-hours on Clemson University rental agreement extension