Medalist Diversified REIT: Review

Category: Non-accredited investor funds
Honors: None

IMPORTANT 2021 COVID-19 UPDATE: The investment repercussions of the global pandemic continue to change and evolve with unusual speed. As such, this review might be dated, no longer accurate, irrelevant and/or missing crucial information necessary to making an effective investment. For the latest and greatest information on analyzing investments in this new era, see the latest article in the series: "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?


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Medalist Diversified REIT

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About Ian Ippolito
Ian Ippolito: investor and serial entrepreneur

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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  • 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.
     

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    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. 

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