Medalist Diversified REIT, Inc. (NASDAQ: MDRR) was established on September 28, 2015, headquartered in Richmond, Virginia, USA, with 0 full-time employees (09/30/2018). It is a REIT company focused on acquisitions and repositioning , Refurbish, lease and manage income-generating properties and properties.
Medalist Diversified REIT, Inc. (MDRR):
Medalist Diversified REIT invests in:
1. Commercial properties, including flexible industrial and retail properties;
2. Multi-family residential properties.
Medalist Diversified REIT mainly invests in real estate in secondary and tertiary markets in the southeastern United States, mainly in Virginia, North Carolina, South Carolina, Georgia, Florida and Alabama.
Starting from the tax year ending December 31, 2017, the company has operated in a way that makes it eligible to become a real estate investment trust (REIT), and the company chooses to pay taxes as a real estate investment trust for federal income tax in order to submit a federal income tax refund.
The Medalist Diversified REIT company is externally managed and advised by the Virginia company Medalist Fund Manager, Inc. or its managers. Its manager makes all investment decisions for the company. Mr. Bill Elliott and Mr. Tim Messier each have 50% decision-making power.
Medalist Diversified REIT, Inc. (MDRR) investment:
Medalist Diversified REIT, Inc. (NASDAQ: MDRR) listed on Nasdaq on 11/28/2018 IPO, with an issue price of US$10, issuing 2 million shares, raising US$20 million, and underwriting by Maxim Group LLC.