Regulation FD Disclosure (Form 8-K)

Item 7.01 Entry into a Material Definitive Agreement.

As previously disclosed in the most recent quarterly report on Form 10-Q, J.W. Mays, Inc. (the "Company" or "we") is considering any strategic opportunities to sell or divest one or more of its properties or real estate assets to manage its liquidity needs, and the determination of whether a particular property should be sold or otherwise disposed of will generally be made after consideration of relevant factors, including, but not limited to prevailing macro-economic and real estate market conditions, alternative investment opportunities, tax implications, and considerations specific to the condition, value, and financial performance of the property to be sold.

The Company has engaged Newmark Group, Inc. to begin actively marketing 25 Elm Place, Brooklyn, New York (the "Property") for sale to unaffiliated third-party prospective buyers. These marketing efforts are in their early stages and will remain ongoing for the foreseeable future. In the interim, management will continue to lease and operate the Property as usual and plans to engage existing tenants at the Property on a review of their current leases and the opportunity for certain tenants to enter into lease modifications or terminations, which may also include the relocation to another Company property at 9 Bond Street, Brooklyn, New York. Any decision by the Company to enter into a sale transaction of the Property will be approved by the Company's Board of Directors. There can be no assurances regarding whether a sale of the Property will take place nor on the timing of such a sale.