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Broad Street Realty, Inc. (BRST)
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All | News | Filings
| Date Filed | Type | Description |
| 07/25/2023 |
8-K
| Quarterly results |
| 07/07/2023 |
8-K
| Completion of Acquisition or Disposition of Assets, Financial Statements and Exhibits Interactive Data|
Docs:
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"EXECUTION VERSION PURCHASE AND SALE AGREEMENT THIS PURCHASE AND SALE AGREEMENT is made and entered into as of the 15th day of May 2023 , by and between BSV SPOTSWOOD LLC, a Virginia limited liability company ; and BZA FAMILY HOLDINGS, LLC, a Florida limited liability company, its nominees, designees, or assignees . RECITALS: A. Seller is the owner of the “Property” consisting of a shopping center, with an address of 1790 E. Market Street, Harrisonburg, Virginia, and known as “Spotswood Valley Square” along with all improvements located in, on or under the land. B. Seller desires to sell and convey and Purchaser desires to purchase and acquire fee simple title to the Property subject to and upon the terms and conditions more fully set forth below in this Agreemen...",
"SELLER: BSV SPOTSWOOD LLC, a Virginia limited liability company By: Broad Street Ventures, LLC a Maryland limited liability company Its Managing Member By: /s/ Michael Z. Jacoby Name: Michael Z. Jacoby Title: Chief Executive Officer PURCHASER: BZA FAMILY HOLDINGS, LLC, a Florida limited liability company By: /s/ Ben Zion Alcalay Name: Ben Zion Alcalay, Manager 2",
"Broad Street Realty, Inc. Pro Forma Condensed Consolidated Financial Statements On June 30, 2023, a subsidiary of Broad Street Realty, Inc. completed the sale of Spotswood Valley Square Shopping Center, a retail shopping center located in Harrisonburg, Virginia with approximately 190,646 square feet of gross leasable area, for a purchase price of $23.0 million in cash . The accompanying unaudited pro forma condensed consolidated balance sheet as of March 31, 2023, reflects the financial position of the Company as if the Spotswood Disposition had been completed on March 31, 2023. The accompanying unaudited pro forma condensed consolidated statements of operations for the three months ended March 31, 2023 and the year ended December 31, 2022 present the results of operations of the Company a..." |
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| 05/03/2023 |
8-K
| Quarterly results |
| 03/09/2023 |
8-K
| Regulation FD Disclosure, Financial Statements and Exhibits Interactive Data|
Docs:
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"BROAD STREET REALTY, INC. Update from Michael Z. Jacoby, Chairman of the Board and Chief Executive Officer BETHESDA, MD, March 9, 2023 /PRNewswire/ — Broad Street Realty, Inc. To all our stakeholders. Last year at this time, I wrote a similar letter to all our stakeholders. I pointed out our significant 2021 growth and talked about being poised to grow again in 2022. Grow we did: virtually doubling the total assets owned by the company. We remain focused on essential grocery anchored and mixed-use assets throughout the Mid-Atlantic, Southeast and Colorado markets. In the fourth quarter of 2022, we completed our previously announced merger of the 98% leased 187,000 square foot Lamar Station Plaza shopping center and the acquisition of 6575 W. Colfax Avenue, an adjoining property in Lakewood..." |
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| 02/09/2023 |
8-K/A
| Financial Statements and Exhibits Interactive Data|
Docs:
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"Consent of Independent Auditor",
"Midtown Row Statements of Revenues and Certain Operating Expenses For the Nine Months Ended September 30, 2022 and the Year Ended December 31, 2021 Nine months ended Year ended Revenues: Rental income $ 5,619 $ 3,358 Total revenues 5,619 3,358 Certain operating expenses: Real estate taxes and insurance 571 196 Repairs and maintenance 702 316 Property management fees 196 164 Utilities 427 260 Other 713 588 Total certain operating expenses 2,609 1,524 Revenues in excess of certain operating expenses $ 3,010 $ 1,834 See accompanying notes. Midtown Row Notes to Statements of Revenues and Certain Operating Expenses For the Nine Months Ended September 30, 2022 and Year Ended December 31, 2021 Note 1. Business On November 23, 2022, Broad Street Realty, Inc. completed the purchase and sale agreeme...",
"Lamar Station Plaza Statements of Revenues and Certain Operating Expenses For the Nine Months Ended September 30, 2022 and the Year Ended December 31, 2021 Nine months ended Year ended Revenues: Rental income $ 1,469 $ 2,276 Total revenues 1,469 2,276 Certain operating expenses: Real estate taxes and insurance 368 389 Repairs and maintenance 239 316 Property management fees 35 78 Utilities 83 116 Other 158 187 Total certain operating expenses 883 1,086 Revenues in excess of certain operating expenses $ 586 $ 1,190 See accompanying notes. Lamar Station Plaza Notes to Statements of Revenues and Certain Operating Expenses For the Nine Months Ended September 30, 2022 and Year Ended December 31, 2021 Note 1. Business Broad Street Realty, Inc. and one of its subsidiaries entered into an agreemen...",
"Broad Street Realty, Inc. Pro Forma Condensed Consolidated Financial Statements On November 23, 2022, Broad Street Realty, Inc. and its subsidiaries completed the acquisition of Midtown Row , a mixed-used property located in Williamsburg, Virginia comprised of 240 student housing units with 620 beds and a retail component consisting of 63,573 square feet of gross leasable area. As consideration for the Midtown Row Acquisition, the Company paid $118.7 million in cash and issued 448,180 Class A common units of limited partnership interest in Broad Street Operating Partnership, LP, the Company’s operating partnership , and 1,842,917 Series A preferred units of limited partnership interest in the Operating Partnership . The cash portion of the purchase price was funded with proceeds generated ..." |
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| 11/25/2022 |
8-K
| Quarterly results |
| 09/06/2022 |
8-K
| Entry into a Material Definitive Agreement, Financial Statements and Exhibits Interactive Data|
Docs:
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"Summary of Preferred Units 1. Conversion: The Preferred Units are convertible at any time, at the holder’s election, into Common Units. Beginning on the first anniversary of the issuance of the Preferred Units, Common Units may be tendered for redemption by the holder for cash or, at Purchaser’s option, shares of its common stock on a one-for-one basis. 2. Liquidation Preference: $2.00 per unit, plus accrued and unpaid dividends. 3. Preferred Distribution: 12.0% per annum, compounded monthly, consisting of 5.0% current pay in cash and 7.0% “PIK” rate . a. The PIK rate will accrue and will be paid in cash upon conversion, redemption, liquidation or dissolution. b. Years 2 - 5: The Preferred Distribution will increase by 1.0% on each of the first four anniversaries of the date ..." |
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| 03/28/2022 |
8-K
| Entry into a Material Definitive Agreement, Financial Statements and Exhibits Interactive Data|
Docs:
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"MODIFICATION AGREEMENT THIS MODIFICATION AGREEMENT is dated as of the 22nd day of March, 2022, by Broad Street Operating Partnership, LP, a Delaware limited partnership, Broad Street Realty, Inc., a Delaware corporation, and Broad Street Realty, LLC, a Maryland limited liability company, their respective successors and/or assigns ; MVB Bank, INC., a West Virginia banking corporation, its successors and/or assigns ; and Michael Z. Jacoby . R E C I T A L S : 1. In accordance with the terms of that certain Loan Agreement dated on or about December 27, 2019, as previously amended, and as further amended by this Agreement , executed in favor of the Lender by each Borrower and Guarantor, the Lender agreed to make one or more commercial loans to the Borrower in the original aggregate principal am...",
"ALLONGE AND MODIFICATION AGREEMENT THIS ALLONGE AND MODIFICATION AGREEMENT is dated as of the 22nd day of March, 2022, by Broad Street Operating Partnership, LP, a Delaware limited partnership, Broad Street Realty, Inc., a Delaware corporation, and Broad Street Realty, LLC, a Maryland limited liability company, their respective successors and/or assigns ; MVB Bank, INC., a West Virginia banking corporation, its successors and/or assigns ; and Michael Z. Jacoby . R E C I T A L S : 1. In accordance with the terms of that certain Loan Agreement dated on or about December 27, 2019, as previously amended, and as further amended by that certain Modification Agreement dated on or about the date hereof , executed in favor of the Lender by each Borrower and Guarantor , the Lender agreed to make on...",
"ALLONGE AND MODIFICATION AGREEMENT THIS ALLONGE AND MODIFICATION AGREEMENT is dated as of the 22nd day of March, 2022, by Broad Street Operating Partnership, LP, a Delaware limited partnership, Broad Street Realty, Inc., a Delaware corporation, and Broad Street Realty, LLC, a Maryland limited liability company, their respective successors and/or assigns ; MVB Bank, INC., a West Virginia banking corporation, its successors and/or assigns ; and Michael Z. Jacoby . R E C I T A L S : 1. In accordance with the terms of that certain Loan Agreement dated on or about December 27, 2019, as previously amended, and as further amended by that certain Modification Agreement dated on or about the date hereof , executed in favor of the Lender by each Borrower and Guarantor , the Lender agreed to make on..." |
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| 02/24/2022 |
8-K
| Quarterly results |
| 01/12/2022 |
8-K
| Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements... |
| 12/27/2021 |
8-K
| Entry into a Material Definitive Agreement, Financial Statements and Exhibits Interactive Data|
Docs:
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"PURCHASE AND SALE AGREEMENT THIS PURCHASE AND SALE AGREEMENT is made and entered into as of the 21 day of December, 2021, by and between BBL CURRENT OWNER, LLC, a Delaware limited liability company ; and BROAD STREET REALTY, INC., a Delaware corporation, its nominee, designee or assignee . The “Effective Date” of this Agreement is hereby defined as the latter of the dates on which Seller and Purchaser shall have executed and delivered a fully executed original of this Agreement to the Purchaser. RECITALS: R-1. Seller is the owner of the “Property” located at 201-221 Monticello Avenue, Williamsburg, Virginia, along with all improvements located in, on or under the land. R-2. Seller desires to sell and convey and Purchaser desires to purchase and acquire fee simpl..." |
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| 12/17/2021 |
8-K/A
| Financial Statements and Exhibits Interactive Data|
Docs:
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"Consent of Independent Registered Public Accounting Firm",
"Greenwood Village Statements of Revenues and Certain Operating Expenses For the Nine Months Ended September 30, 2021 and the Year Ended December 31, 2020 Nine months ended Year ended Revenues: Rental revenue $ 3,052 $ 3,957 Total revenues 3,052 3,957 Certain operating expenses: Real estate taxes and insurance 553 703 Repairs and maintenance 352 513 Utilities 129 148 Other 239 124 Total certain operating expenses 1,273 1,488 Revenues in excess of certain operating expenses $ 1,779 $ 2,469 See accompanying notes Greenwood Village Notes to Statements of Revenues and Certain Operating Expenses For the Nine Months Ended September 30, 2021 and Year Ended December 31, 2020 Note 1. Business Broad Street Realty, Inc. and one of its subsidiaries entered into an agreement and plan of merger to acquir...",
"Broad Street Realty, Inc. Pro Forma Consolidated Financial Statements On October 6, 2021, Broad Street Realty, Inc. completed the merger pursuant to which it acquired Greenwood Village Shopping Center, a retail shopping center located in Greenwood Village, Colorado with approximately 204,158 square feet of gross leasable area . As consideration for the Greenwood Merger, the Company issued an aggregate of 2,752,568 shares of common stock to prior investors in the property-owning entity that was party to the Greenwood Merger. In addition, total consideration for the property included the payoff of approximately $20.2 million of the prior owner’s debt and preferred equity, the payment of approximately $0.1 million in cash to the prior investors and approximately $0.4 million of transaction co..." |
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| 10/12/2021 |
8-K
| Completion of Acquisition or Disposition of Assets, Unregistered Sales of Equity Securities, Regulation FD Disclosure, Financ... |
| 09/21/2021 |
8-K
| Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements... |
| 08/20/2021 |
8-K/A
| Financial Statements and Exhibits |
| 06/23/2021 |
8-K
| Quarterly results |
| 06/07/2021 |
8-K
| Quarterly results |
| 05/27/2021 |
8-K
| Quarterly results |
| 04/05/2021 |
8-K
| Quarterly results |
| 01/25/2021 |
8-K
| Regulation FD Disclosure, Financial Statements and Exhibits |
| 12/22/2020 |
8-K/A
| Financial Statements and Exhibits |
| 12/15/2020 |
8-K
| Entry into a Material Definitive Agreement, Financial Statements and Exhibits |
| 07/07/2020 |
8-K
| Quarterly results |
| 06/19/2020 |
8-K
| Quarterly results |
| 05/15/2020 |
8-K
| Quarterly results |
| 01/21/2020 |
8-K
| Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements... |
| 01/14/2020 |
8-K
| Completion of Acquisition or Disposition of Assets |
| 01/06/2020 |
8-K
| Completion of Acquisition or Disposition of Assets, Unregistered Sales of Equity Securities, Financial Statements and Exhibits |
| 12/27/2019 |
8-K
| Quarterly results |
| 12/03/2019 |
8-K
| Entry into a Material Definitive Agreement, Financial Statements and Exhibits|
Docs:
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"First Amendment to Agreement and Plan of Merger, by and among Broad Street Realty, LLC MedAmerica Properties Inc., Broad Street Realty Operating Partnership, LP and Broad Street Realty Merger Sub LLC",
"First Amendment to Agreement and Plan of Merger, by and among Broad Street Ventures, LLC, MedAmerica Properties Inc., Broad Street Operating Partnership, LP and Broad Street Ventures Merger Sub LLC",
"First Amendment to Agreement and Plan of Merger, by and among BSV Avondale LLC, MedAmerica Properties Inc., Broad Street Operating Partnership, LP and BSV Avondale Merger Sub LLC",
"First Amendment to Agreement and Plan of Merger, by and among BSV Colonial Investor LLC, MedAmerica Properties Inc., Broad Street Operating Partnership, LP and BSV Colonial Merger Sub LLC",
"First Amendment to Agreement and Plan of Merger, by and among BSV Coral Hills Investors LLC, MedAmerica Properties Inc., Broad Street Operating Partnership, LP and BSV Coral Hills Merger Sub LLC",
"First Amendment to Agreement and Plan of Merger, by and among BSV Crestview Square LLC, MedAmerica Properties Inc., Broad Street Operating Partnership, LP and BSV Crestview Square Merger Sub LLC",
"First Amendment to Agreement and Plan of Merger, by and among BSV Cromwell Parent LLC, MedAmerica Properties Inc., Broad Street Operating Partnership, LP and BSV Cromwell Merger Sub LLC",
"First Amendment to Agreement and Plan of Merger, by and among BSV Cypress Point Investors LLC, MedAmerica Properties Inc., Broad Street Operating Partnership, LP and BSV Cypress Point Merger Sub LLC",
"First Amendment to Agreement and Plan of Merger, by and among BSV Dekalb LLC, MedAmerica Properties Inc., Broad Street Operating Partnership, LP and BSV Dekalb Merger Sub LLC",
"First Amendment to Agreement and Plan of Merger, by and among Broad Street Realty, LLC MedAmerica Properties Inc., Broad Street Realty Operating Partnership, LP and Broad Street Realty Merger Sub LLC" |
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| 05/31/2019 |
8-K
| Entry into a Material Definitive Agreement, Unregistered Sales of Equity Securities, Other Events, Financial Statements and E...|
Docs:
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"Agreement and Plan of Merger, by and among Broad Street Realty, LLC MedAmerica Properties Inc., Broad Street Realty Operating Partnership, LP and Broad Street Realty Merger Sub LLC",
"Agreement and Plan of Merger, by and among Broad Street Ventures, LLC, MedAmerica Properties Inc., Broad Street Operating Partnership, LP and Broad Street Ventures Merger Sub LLC",
"Agreement and Plan of Merger, by and among BSV Avondale LLC, MedAmerica Properties Inc., Broad Street Operating Partnership, LP and BSV Avondale Merger Sub LLC",
"Agreement and Plan of Merger, by and among BSV Colonial Investors LLC, MedAmerica Properties Inc., Broad Street Operating Partnership, LP and BSV Colonial Merger Sub LLC",
"Agreement and Plan of Merger, by and among BSV Coral Hills Investors LLC, MedAmerica Properties Inc., Broad Street Operating Partnership, LP and BSV Coral Hills Merger Sub LLC",
"Agreement and Plan of Merger, by and among BSV Crestview Square LLC, MedAmerica Properties Inc., Broad Street Operating Partnership, LP and BSV Crestview Square Merger Sub LLC",
"Agreement and Plan of Merger, by and among BSV Cromwell Parent LLC, MedAmerica Properties Inc., Broad Street Operating Partnership, LP and BSV Cromwell Merger Sub LLC",
"Agreement and Plan of Merger, by and among BSV Cypress Point Investors LLC, MedAmerica Properties Inc., Broad Street Operating Partnership, LP and BSV Cypress Point Merger Sub LLC",
"Agreement and Plan of Merger, by and among BSV Dekalb LLC, MedAmerica Properties Inc., Broad Street Operating Partnership, LP and BSV Dekalb Merger Sub LLC",
"Agreement and Plan of Merger, by and among Broad Street Realty, LLC MedAmerica Properties Inc., Broad Street Realty Operating Partnership, LP and Broad Street Realty Merger Sub LLC" |
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| 05/17/2019 |
8-K
| Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Submission of Matters to a Vote of Security Holders... |
| 02/05/2019 |
8-K
| Quarterly results |
| 11/29/2018 |
8-K
| Entry into a Material Definitive Agreement, Financial Statements and Exhibits |
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