Deal Details

Merger with MedAmerica Properties, Inc. and financing from Basis Investment Group, LLC

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Summary

About

Broad Street Realty, Inc. (“Broad Street” or the “Company”) (OTCMKTS: BRST) has completed the first phase of its merger with MedAmerica Properties, Inc. In connection with the merger, Broad Street received $66.9 million in senior debt financing and $6.9 million of preferred equity from real estate funds managed by Basis Investment Group, LLC (“Basis”). As of the completion of the initial mergers, prior investors in the Broad Street entities collectively own approximately 87.0% of the shares of common stock and OP units of the Company. The Company expects to close the remainder of the previously announced mergers, which will result in the acquisition of an additional eight properties with over 1.2 million square feet in Maryland, Virginia and Colorado.

Broad Street is a fully integrated and self-managed real estate company that owns, operates, develops and redevelops primarily grocery-anchored neighborhood shopping centers and mixed-use properties in the Mid-Atlantic, Southeast and Denver, Colorado markets. Broad Street is also a market-leading commercial real estate services firm that delivers cost-effective solutions for office, industrial and retail clients. The Company has extensive experience in tenant representation, landlord representation, property acquisition and disposition, real estate development, project/construction management, finance, strategic consulting, property management and asset management. The Company has approximately 50 employees and is headquartered in Bethesda, Maryland with additional offices in Denver, Colorado, Washington, DC and Manassas, Virginia.

MedAmerica Properties, Inc. is a real estate management company focused on acquiring medical office buildings and is headquartered in Boca Raton, Florida.

Basis Investment Group, LLC is a commercial real estate investment manager, primarily focused on debt and structured equity strategies. Basis originates and acquires diversified commercial real estate debt investments across the capital stack of stabilized, transitional and development assets throughout the United States. Basis is headquartered in New York, New York.

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