Broad Street Realty, LLC entered into an agreement and plan of merger to acquire MedAmerica Properties Inc. (OTCPK:MAMP) in a reverse merger transaction on May 28, 2019. Under the terms of the transaction, the investors in Broad Street Realty, LLC (“BSR”), Broad Street Ventures, LLC (“BSV”) and in the 17 Properties in the United States of America will receive an aggregate of up to 30.06 million shares of the Med America’s common stock, 3.40 million OP Units and $2.09 million in cash. The transaction may close in two or more stages. Following the completion of the merger, investors in BSR, BSV and the properties collectively will own 92.6% of the shares of common stock of the combined company on a fully diluted basis and existing MedAmerica stockholders will own 7.4%. Broad Street Realty, LLC is being termed as the accounting acquirer in the transaction. In addition, pursuant to the transaction, BSR has agreed to pay MedAmerica $0.025 million in cash on the first business day of each calendar month during the period commencing on July 1, 2019 and terminating on the earliest to occur of (i) the termination of such agreement, (ii) the closing of the merger and (iii) November 1, 2019. Pursuant to the transaction, Broad Street Realty, LLC, Broad Street Ventures, LLC and MedAmerica Properties Inc. have entered into 19 definitive merger agreements. Upon completion of the mergers, the resulting company will be a fully integrated and self-managed public real estate company and will change its name to Broad Street Realty, Inc. Pursuant to the transaction, the Board of Directors of the combined company will be comprised of seven directors, with five directors appointed by BSR. Two current directors of MedAmerica will remain on the Board of Directors of the combined company. Michael Z. Jacoby, BSR’s Chief Executive Officer, will serve as chairman of the Board of Directors and as Chief Executive Officer of the combined company, and Thomas M. Yockey, BSR’s President, will serve on the Board of Directors of the combined company. Daniel J.W. Neal will become a Director of the combined company. BSR’s current management team will become the management team of the combined company and all of BSR’s employees will become employees of the combined company or its subsidiaries. The company will have approximately 50 employees and be headquartered in Bethesda, Maryland with satellite offices in Denver, Colorado, Washington, D.C. and Manassas, Virginia. As of July 16, 2020, all of MedAmerica’s then- existing officers resigned and all of BSR's management team and employees, including its accounting personnel, became the management team and employees of MedAmerica. The transaction is subject to obtaining satisfactory resolution of the proposed accounting treatment, Board of Director’s receipt of a fairness opinion, obtaining the consent from the requisite lenders and other third-party consents, entering into tax protection agreements with certain investors, receipt of new equity, equity-linked, mezzanine equity, mezzanine debt or debt financing, the proceeds of which are sufficient to fund the repayment, redemption or defeasance of an aggregate amount of not less than $47 million of outstanding debt, mezzanine equity and preferred equity of the Broad Street Entities and other transaction costs and also obtaining of the new financing and other customary closing conditions. The Board of Directors of MedAmerica has approved the transaction. As per the amendment dated November 27, 2019, a condition to the consummation of each of the delayed mergers is, unless waived by the applicable Broad Street Entities, subject to the receipt of equity, equity-linked or debt financing by the Broad Street Entities (but not including any new debt financing secured in whole or in part by mortgages or other security interests on any of the properties owned by the Broad Street Entities), the proceeds of which are not less than $16 million. The transaction is expected to close before the year-end of 2019. As of August 12, 2019, transaction is expected to close late in the third quarter of 2019. As of November 12, 2019, transaction is expected to be consummated in the fourth quarter of 2019. 11 Properties in the United States of America partially completed the acquisition of MedAmerica Properties Inc. in a reverse merger transaction on December 27, 2019. As a result, MedAmerica will be known as Broad Street Realty, Inc. and has become a fully integrated and self-managed publicly owned real estate company. With the closing of the initial merger, the resulting company now owns nine primarily grocery anchored neighborhood shopping center properties. As consideration for the initial mergers, prior investors in the Broad Street entities received an aggregate of 16.006 million shares of MedAmerica’s common stock and an aggregate of 2.827 million units of limited partnership interest in its newly formed operating partnership, as well as an aggregate of $0.9 million in cash. 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 combined company and previously existing MedAmerica shareholders own approximately 13.0%. The new ticker symbol for the combined company’s common stock on the OTCQB market will be “BRST” effective December 30, 2019. As of December 31, 2019, another property completed the reverse merger transaction resulting in partial completion of the entire transaction. As of July 2, 2020, another property completed the reverse merger transaction resulting in partial completion of the entire transaction. As of December 22, 2020, there are six Property Mergers that have not been completed. The Company expects to issue an aggregate of 10,400,779 shares of its common stock and 573,529 OP units as consideration for the six additional Property Mergers. As of May 21, 2021, Broad Street Realty completed the acquisition of Highlandtown Village Shopping Center and on May 26, 2021 completed the acquisition of Cromwell Field Shopping Center. Michael D. Harris of Nason, Yeager, Gerson, Harris & Fumero, P.A. served as legal advisor to MedAmerica on the transaction. David P. Slotkin, Lauren C. Bellerjeau and Andrew P. Campbell of Morrison & Foerster LLP served as the legal advisors to Broad Street Realty on the transaction. Cassel Salpeter & Co., LLC acted as financial advisor and fairness opinion provider for MedAmerica Properties Board. Baird acted as a financial advisor to Broad Street. Alexis H. Peters and Nancy P. Regelin of Shulman Rogers acted as legal advisors to Broad Street. Broad Street Realty, LLC completed the acquisition of MedAmerica Properties Inc. (OTCPK:MAMP) in a reverse merger transaction on June 4, 2021.