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 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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