Medalist Diversified REIT: Review
Category: Non-accredited investor funds
Honors: None
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.
Other Similar Investment Sites:
Looking to compare this site to its competitors? Here are the reviews and rankings…
How to pick?
Check out our step-by-step guide.
Have you used the above site before? What was your experience?
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.
More information
Subscribe
Tweets
-
Code of Ethics: To maintain objectivity, I do NOT accept any money from any outside sponsor or platform for ANYTHING (including but not limited to affiliate ads, advertising etc.). See code of ethics for more.
-
Personal opinion only: All info is my personal opinion only as an investor. I am not an attorney, nor an accountant, nor your financial advisor. 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.
-
Ratings are general: In my opinion, every investor comes from a different risk tolerance and financial situation, so there's no such thing as a single investment or platform that's great for everyone. There are many deals that aggressive investors love, which I won't touch, and vice versa. And every investor has their own way of doing due diligence. I believe there's no one right way to do it.
So, the site ratings are based on criteria which I feel are important to the broadest range of investors (transparency, volume, bankruptcy protection, etc). And even though I have my own personal, conservative, due diligence method (and talk about how the site's deals measure up in the "deep dive section"), I don't use my personal criteria as a factor in the ratings. So for example, a high ranking/rating doesn't mean that I would personally invest in a site (and vice versa). Click here to see what's in my own portfolio.
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.