Medalist Diversified

Medalist Diversified, Inc. (Nasdaq: MDRR) is a publicly traded, SEC-reporting company that began repositioning in 2025 from a traditional equity REIT into a Delaware statutory trust (DST) sponsorship platform, revoking…

Baker 1031 Investments is an independent broker-dealer representative and is not affiliated with, endorsed by, or sponsored by Medalist Diversified. This page is Baker 1031’s own research profile of the sponsor. Medalist Diversified and its logo are trademarks of their respective owner, used here for identification only.

Medalist Diversified Overview

Medalist Diversified, Inc. (Nasdaq: MDRR) is a publicly traded, SEC-reporting company that began repositioning in 2025 from a traditional equity REIT into a Delaware statutory trust (DST) sponsorship platform, revoking its REIT election effective January 1, 2026 and changing its name from Medalist Diversified REIT, Inc. Founded in 2015 and NASDAQ-listed since 2018, it sponsors DSTs through its subsidiary MDI Sponsor, LLC, with the goal of generating fee income and growing assets under management while selectively monetizing legacy real estate to fund the program. Its distinguishing feature is public-company transparency rarely available in private DST syndications: audited financials, ongoing SEC disclosure, Sarbanes-Oxley controls, and a majority-independent board. As a newly launched DST program, it carries a limited full-cycle DST track record, so investors underwrite the asset, lease, and structure more than a realized sponsor performance history.

Medalist Diversified Strategies & Advantages

• Public-company transparency: SEC-reported (10-K, 10-Q, 8-K) with material events disclosed on EDGAR, consolidated financials audited by Cherry Bekaert LLP, and Sarbanes-Oxley (SOX) certification — a level of verifiable disclosure most DST investors are never offered.
• Governance and alignment: the board is majority-independent (4 of 5 directors), and management invests alongside investors. DST offerings carry third-party due diligence from FactRight.
• Strategic repositioning: transitioned in 2025-2026 from an equity REIT (formerly Medalist Diversified REIT, Inc.) to a fee-income DST sponsorship platform, monetizing legacy assets to seed the DST program.
• Asset focus: single-tenant, net-leased real estate on absolute-NNN, credit-tenant structures designed for passive, income-oriented 1031 exchange and cash investors.
• Leadership: led by President & CEO Francis P. "Frank" Kavanaugh (30+ years, scaled Force Protection from <$1M to $1.3B) and CFO Charles "Brent" Winn, Jr. (real-estate finance veteran since 1987), with DST investments led by Peter Elwell (CPA, CFA) and sponsor operations by Ron Nielsen.

Medalist Diversified Track Record

Baker 1031 does not yet have full-cycle, deal-by-deal results for Medalist Diversified in its dataset. Aggregate figures above, where shown, are sponsor-reported and not independently verified. Past performance does not guarantee future results.

Current Medalist Diversified Offerings

Baker 1031 tracks this sponsor’s active DST and 1031-eligible offerings. Verified investors can review what’s currently available. Browse current offerings →

Sponsor figures are sponsor-reported and not independently verified; they may reflect selection and survivorship bias, and past performance does not guarantee future results. This profile is educational and is not investment advice or an offer to sell or a solicitation to buy any security. Offerings are available only to accredited investors and are made solely through the sponsor’s Private Placement Memorandum. Securities offered through Aurora Securities, member FINRA/SIPC. Real estate investments involve risk, including possible loss of principal.