Medalist Diversified REIT: Review

Category: Non-accredited investor funds
Honors: None

IMPORTANT COVID-19 UPDATE: this info was posted before anyone knew we would be facing a global pandemic in the spring of 2020. So it may be missing crucial information necessary to making an effective investment today. Some of the information in it may be dated, no longer accurate and/or irrelevant. For information on analyzing investments in this new era, see: "How will Covid-19 / Coronavirus Affect my Alternative Investment Portfolio?"

Medalist Diversified REIT is a commercial real estate fund that invests in multifamily, limited service hotels, flex industrial and anchored retail properties in the southeastern United States.

This is the 3rd organized vehicle for the sponsor who also had:

  •  A fund in 2013 that raised $15 million and has delivered 8% since inception

  • A 2nd fund in 2015 which has delivered 7.5% since inception.


It has a target yield of 13 to 15%. Leverage is aggressive at 75%.

A very nice feature is that it's one of the few non-accredited options that charges no fees on deposit or on withdrawal.

On the other hand, other fees are much higher than average:

  • Asset management fee of 1.5% (versus 0.9% average)

  • Performance fee of 7% hurdle with 80/20 (versus no performance fee on average)

  • Property management fee of 3% of gross revenues (vs no property management fee average).

 

If this fund is successful, than the performance fee is what will  make it much more expensive to an investor, versus a fund that doesn't have one.
 

It's minimum investment of $5000 is higher than average ($1000)

 

  • Advantages: No fees on deposit or withdrawal.
     

  • Disadvantages: asset management fee, performance fee, property management fee are more expensive than average. Performance fee is the most expensive if the fund is successful. Minimum investment of $5000 is higher than average.
     

  • Accolades: None

For more raw data on the site (including investor and sponsor fees, legal structure etc.), or to easily compare it with the data of competitors, see the feature by feature comparison matrix.

 

Where can I discuss Medalist Diversified REIT?


You can do this with thousands of other investors in the private investor club. While the club is free, membership is restricted to investors who have no business connections to sponsors or platforms. Also, all members must agree to keep all club info confidential by signing a nondisclosure agreement. Click here to join or get more info.

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Medalist Diversified REIT
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  • Personal opinion only: All info is my personal opinion only as an investor. I am not a registered financial advisor, attorney or accountant. Always do your own due diligence and consult with your own licensed professionals before making any investment decision. Information is believed to be correct but may have errors, so use at your own risk. If you find an error, please let me know.
     

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About Ian Ippolito

Ian Ippolito is an investor and serial entrepreneur. He has been interviewed by the Wall Street Journal, Business Week, Forbes, TIME, Fast Company, TechCrunch, CBS News, FOX News, USA Today, Bloomberg News, Realtor.com, CoStar News, Curbed and more.

 

Ian was impressed by the potential of real estate crowdfunding, but frustrated by the lack of quality site reviews and investment analysis. He created The Real Estate Crowdfunding Review to fill that gap.

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This site has been ranked and reviewed as part of our in-depth, 100+ site industry review. All data is believed to be correct, but may have mistakes. Please contact us if you notice one. All non-data (including rankings, investor comment summaries, etc.) are my opinion only. I'm just an investor and not an attorney, accountant, or certified financial advisor. To maintain neutrality: I do not own a portion of any of the companies reviewed. 

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Code of Ethics: I do not receive any money from any sponsor or platform for anything including guides, tutorials, postings, reviews, referring investors, affiliate leads or advertising. Nor do I negotiate special terms for myself above what I negotiate for the benefit of members. For clarity: I do receive monetary compensation in 2 ways. Site members can send donations (and a $200 donation entitles them to access my personal low-level due diligence notes on investments I've put money into). And if the club chooses to create a feeder, I take a fee as manager (and keep the excess beyond expenses). Additionally I receive the same non-monetary compensation all club members do: access to otherwise inaccessible sponsors, millions of dollars of special deals and discounts, the satisfaction of giving back and helping others, and more.

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