Filing Details

CUSIP No. 58403P105

1.     Name of Reporting Person:

           Alfred Lee Finley

2.     Check the Appropriate Box if a Member of a Group:

            (a) /   /

            (b) / X /

3.     SEC Use Only

4.     Citizenship or Place of Organization: United States

                         5.     Sole Voting Power:  125,000 (1)

Number of          

Shares

Beneficially      6.     Shared Voting Power:  1,780,000 (2)

Owned By          

Each

Reporting         7.     Sole Dispositive Power:  125,000 (1)

Person          

With

                         8.     Shared Dispositive Power:  1,780,000 (2)

9.     Aggregate Amount Beneficially Owned by Each Reporting Person:

          1,905,000 (1)(2)

10.     Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:

            /   /

11.     Percent of Class Represented by Amount in Row (9): 10.9%

12.     Type of Reporting Person: IN

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CUSIP No. 58403P105

1.     Name of Reporting Person:

           Susan Finley

2.     Check the Appropriate Box if a Member of a Group:

            (a) /   /

            (b) / X /

3.     SEC Use Only

4.     Citizenship or Place of Organization: United States

                         5.     Sole Voting Power:  -0-

Number of          

Shares

Beneficially      6.     Shared Voting Power:  1,780,000 (1)

Owned By          

Each

Reporting         7.     Sole Dispositive Power:  -0-

Person          

With

                         8.     Shared Dispositive Power:  1,780,000 (1)

9.     Aggregate Amount Beneficially Owned by Each Reporting Person:

          1,780,000 (1)

10.     Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:

            /   /

11.     Percent of Class Represented by Amount in Row (9): 10.2%

12.     Type of Reporting Person: IN

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CUSIP No. 58403P105

1.     Name of Reporting Person:

           ALF Operating Partners, Ltd.

2.     Check the Appropriate Box if a Member of a Group:

            (a) /   /

            (b) / X /

3.     SEC Use Only

4.     Citizenship or Place of Organization: Texas

                         5.     Sole Voting Power:  125,000 (1)

Number of          

Shares

Beneficially      6.     Shared Voting Power:  -0-

Owned By          

Each

Reporting         7.     Sole Dispositive Power:  125,000 (1)

Person          

With

                         8.     Shared Dispositive Power:  -0-

9.     Aggregate Amount Beneficially Owned by Each Reporting Person:

          125,000

10.     Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares:

            /   /

11.     Percent of Class Represented by Amount in Row (9): 0.7%

12.     Type of Reporting Person: PN

--------------

(1) Power is exercised by Alfred Lee Finley in his capacity as sole member and President of ALF Acquisitions Company, LLC, the general partner of ALF Operating Partners, Ltd.

Item 1(a).     Name of Issuer.

The name of the issuer is Medalist Diversified REIT, Inc. (the "Issuer").

Item 1(b).     Address of Issuer's Principal Executive Offices.

The principal executive offices of the Issuer are located at 1051 E. Cary Street, Suite 601, James Center Three, Richmond, VA, 23219.

Item 2(a).     Names of Persons Filing.

Pursuant to Regulation 13D-G of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the "Act"), the undersigned hereby files this Schedule 13G Statement on behalf of Alfred Lee Finley ("Lee Finley"), Susan Finley, and ALF Operating Partners, Ltd., a Texas limited partnership ("ALF Operating"), all of such persons and entities being referred to herein as the "Reporting Persons."  Additionally, information is included herein with respect to the following person (the "Controlling Person"):  ALF Acquisitions Company, LLC, a Texas limited liability company ("ALF Acquisitions").  The Reporting Persons and the Controlling Person are sometimes hereinafter collectively referred to as the "Item 2 Persons."  The Item 2 Persons are making this single, joint filing because they may be deemed to constitute a "group" within the meaning of Section 13(d)(3) of the Act.

Item 2(b).     Address of Principal Business Office, or if None, Residence.

The address of the principal business office of each of the Item 2 Persons is 2800 Golden Triangle Blvd., Fort Worth, Texas 76177.

Item 2(c).      Citizenship.

All of the natural persons listed in Item 2(a) are citizens of the United States of America.

Item 2(d).     Title of Class of Securities.

This Schedule 13G Statement relates to the Common Stock, par value $0.01 per share, of the Issuer (the "Stock").

Item 2(e).     CUSIP Number.  

The CUSIP number of the Stock is 58403P105.

Item 3.     Filing Pursuant to Rules 13d‑1(b) or 13d‑2(b).  

This Schedule 13G Statement is not being filed pursuant to Rule 13d-1(b) or Rule 13d-2(b) or (c).

Item 4.     Ownership.

(a) - (b)

Lee Finley

In his capacity as the sole member and President of ALF Acquisitions, general partner of ALF Operating, and pursuant to his ownership of shares held by Lee Finley and his spouse Susan Finley as joint tenants, Lee Finley may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of an aggregate of 1,905,000 shares of the Stock, which constitutes approximately 10.9% of the outstanding shares of the Stock.

Susan Finley

Pursuant to her ownership of shares held by Susan Finley and her spouse, Lee Finley, as joint tenants, Susan Finley may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of an aggregate of 1,780,000 shares of the Stock, which constitutes approximately 10.2% of the outstanding shares of the Stock.

ALF Operating

The aggregate number of shares of the Stock that ALF Operating owns beneficially, pursuant to Rule 13d‑3 of the Act, is 125,000, which constitutes approximately 0.7% of the outstanding shares of the Stock.

ALF Acquisitions

Because of its position as the general partner of ALF Operating, ALF Acquisitions may, pursuant to Rule 13d-3 of the Act, be deemed to be the beneficial owner of 125,000 shares of the Stock, which constitutes approximately 0.7% of the outstanding shares of the Stock.

To the best of the knowledge of the Reporting Persons, other than as set forth above, none of the persons named in Item 2 herein is the beneficial owner of any shares of the Stock.

(c)

Lee Finley

In his capacity as sole Member and President of ALF Acquisitions, general partner of ALF Operating, Lee Finley has the sole power to vote or to direct the vote and to dispose or to direct the disposition of 125,000 shares of the Stock.  In addition, pursuant to his ownership of shares held as joint tenant by himself and his spouse, Susan Finley, Lee Finley has the shared power to vote or to direct the vote and to dispose or to direct the disposition of 1,780,000 shares of the Stock.

Susan Finley

Pursuant to her ownership of shares held as joint tenant by herself and her spouse, Lee Finley, Susan Finley has the shared power to vote or to direct the vote and to dispose or to direct the disposition of 1,780,000 shares of the Stock.

ALF Operating

Acting through its general partner, ALF Acquisitions, the sole member and President of which is Lee Finley, ALF Operating has the sole power to vote or to direct the vote and to dispose or to direct the disposition of 125,000 shares of the Stock.

ALF Acquisitions

In its capacity as the general partner of ALF Operating, ALF Acquisitions, acting through its sole member and President, Lee Finley, has the sole power to vote or to direct the vote and to dispose or to direct the disposition of an aggregate of 125,000 shares of the Stock owned by ALF Operating.

Item 5.     Ownership of Five Percent or Less of a Class.

Not Applicable.

Item 6.     Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable.

Item 7.     Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not Applicable.

Item 8.     Identification and Classification of Members of the Group.

This Schedule 13G is being filed on behalf of each of the Item 2 Persons pursuant to Rule 13d-1(d).  Consistent with Item 2 of the cover page for each Reporting Person and Item 2(a) of this Schedule 13G, the Item 2 Persons neither affirm nor disclaim the existence of a group among them.  The identity of each of the Item 2 Persons is set forth in Item 2(a) hereof.

Item 9.     Notice of Dissolution of Group.

Not Applicable.

Item 10.     Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

DATED:     July 1, 2022

ALFRED LEE FINLEY

SUSAN FINLEY

ALF OPERATING PARTNERS, LTD.

By:  ALF Acquisitions Company, LLC, general partner

  Alfred Lee Finley, President