0001104659-24-076706.txt : 20240701 0001104659-24-076706.hdr.sgml : 20240701 20240701115914 ACCESSION NUMBER: 0001104659-24-076706 CONFORMED SUBMISSION TYPE: 1-U PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240701 ITEM INFORMATION: Other Events FILED AS OF DATE: 20240701 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RAD Diversified REIT, Inc. CENTRAL INDEX KEY: 0001721469 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 822026337 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 1-U SEC ACT: 1933 Act SEC FILE NUMBER: 24R-00269 FILM NUMBER: 241089164 BUSINESS ADDRESS: STREET 1: 100 S ASHLEY DR. STREET 2: SUITE 700 CITY: TAMPA STATE: FL ZIP: 33602 BUSINESS PHONE: 833-723-7348 MAIL ADDRESS: STREET 1: 100 S ASHLEY DR. STREET 2: SUITE 700 CITY: TAMPA STATE: FL ZIP: 33602 1-U 1 tm2418598d1_1u.htm FORM 1-U

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 1-U

 

Current Report Pursuant to Regulation A

 

Date of Report (Date of earliest event reported) July 1, 2024

 

RAD Diversified REIT, Inc.

(Exact name of issuer as specified in its charter)

 

Maryland 82-2026337 
   

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer Identification No.)

 

100 S Ashley Drive, Suite #700

Tampa, Florida 33602

(Full mailing address of principal executive offices)

855-909-9294

(Issuer’s telephone number, including area code)

 

Common Stock

(Title of each class of securities issued pursuant to Regulation A)

 

 

 

 

 

 

Item 9. Other Events

 

On June 27, 2024, the board of directors (the “Board”) of RAD Diversified REIT, Inc. (the “Company”) met to consider its Share Redemption Program. Although the Board is beginning to see improved liquidity throughout the Company based on actions it has been and will continue taking, the Board perceives that the real estate market remains relatively stagnant. The Board therefore believes it prudent to proceed cautiously at this time. As a result, the Board decided, in accordance with the terms of its Share Redemption Program, to continue the temporary freeze of the Company’s redemption program. The Company will not process any pending requests that have not been redeemed as of February 1, 2024, nor will it accept any new redemption requests. Pending redemption requests will remain in queue until the Company recommences the redemption program.

 

The Board intends to reassess this decision to determine whether to recommence the redemption program no later than January 1, 2025.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

By:/s/ Dutch Brandon Mendenhall 
Name: Dutch Brandon Mendenhall 
Title: Chief Executive Officer 

 

Date: July 1, 2024