Medalist Diversified REIT

General Information


Medalist Diversified REIT, Inc. was formed in 2015 as a Maryland corporation, to acquire, reposition, renovate, lease and manage income-producing properties, with a primary focus on (i) commercial properties, including flex-industrial, and retail properties, and (ii) multi-family residential properties. We invest primarily in properties across secondary and tertiary markets in the southeastern part of the United States, with a concentration in Virginia, North Carolina, South Carolina, Georgia, Florida and Alabama. Beginning with our taxable year ended December 31, 2017, we believe that we have operated in a manner qualifying us as a REIT, and we intend to elect to be taxed as a REIT for federal income tax purposes incident to the filing of our federal income tax return. We are externally managed and advised by Medalist Fund Manager, Inc., a Virginia corporation, or our Manager. Our Manager makes all investment decisions for us. Our Manager is owned fifty percent each by Mr. Bill Elliott and Mr. Tim Messier, who are co-Presidents thereof.

Employees: 0
Founded: 2015
Contact Information
Address 11 S. 12th Street, Suite 401 Richmond, VA 23219, US
Phone Number (804) 344-4435
Web Address
View Prospectus: Medalist Diversified REIT
Financial Information
Market Cap $25.6mil
Revenues $1.7 mil (last 12 months)
Net Income $-0.9 mil (last 12 months)
IPO Profile
Symbol MDRR
Exchange NASDAQ
Shares (millions): 0.2
Price range $10.00 - $10.00
Est. $ Volume $24.0 mil
Manager / Joint Managers Maxim Group LLC
CO-Managers -
Expected To Trade: 11/28/2018
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change