Medalist Diversified, Inc. · NASDAQ:MDRR
Medalist Diversified — Medalist Diversified REIT — IPO Roadshow (February 2020)
19 slides from Medalist Diversified's IPO roadshow presentation, Feb 7, 2020
Slide 1: Series A Preferred Stock Offering
Series A Preferred Stock Offering This free writing prospectus relates to the proposed public offering of shares of Series A Preferred Stock, par value $0.01 per share (“Preferred Stock”) of Medalist Diversified REIT, Inc. (“MDR” or the “Company”) that is being registered on a Registration Statement
Slide 2: Disclaimers
Disclaimers No Offer or Solicitation of Offer . This presentation is for informational purposes only . This presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities of Medalist Diversified REIT, Inc . (“MDR” or the “Company”), which offer or solicitation
Slide 3: Offering Details
Issuer: Medalist Diversified REIT, Inc. Common Stock Ticker / Exchange: MDRR / Nasdaq Capital Market Anticipated Series A Preferred Stock Ticker/Exchange: MDRR PRA / Nasdaq Capital Market Anticipated Gross Offering Proceeds: Up to $7,500,000 (excluding over - allotment option) Liquidation Preference
Slide 4: Investment Highlights
Investment Highlights • Management with 50+ years of combined experience in commercial real estate and Capital Markets • MDR’s management team has purchased and managed properties with a total asset value of approximately $200 million Experienced Management Team • Medalist Fund I(1): 340k sf of reta
Slide 5: Experienced Team
5 Experienced Team Management Board of Directors Thomas Messier Director Chairman & CEO William Elliott Director Vice Chairman, President & COO Neil Farmer Director Charles Polk Director Charles Pearson Director Mark Mullinix Director Dianna Raedle Director ▪ 30 + years of experience in fixed income
Slide 6: About Medalist
About Medalist Our Property Managers ▪ Medalist Fund Manager Inc. (“Medalist”) manages private equity funds that invest in value - add commercial real estate primarily located in Virginia, North Carolina, South Carolina, Georgia, Florida and Alabama ▪ Medalist Properties was founded in 2002 by Bill
Slide 7: Core Philosophies & Investment Strategies
Medalist Diversified REIT Objectives: Cash Flow and Appreciation Proprietary Investment Sourcing Rigorous Due Diligence Appropriate Exit Strategy Hands - On Portfolio Management Disciplined Pricing and Leverage Focus on Value - Add Properties ▪ Medalist believes that its focus on value - add and opp
Slide 8: MDR's Investment Criteria
MDR’s Investment Criteria HEADQUARTERS MDR TARGET MARKETS Target Investment Criteria ▪ Average target property value between $5MM - $30MM ▪ Focus on VA, NC, SC, GA, FL and AL ▪ Target asset types include – Industrial/Flex, Multifamily, Retail, and Hospitality ▪ Value - add investment opportunities (
Slide 9: Acquisition Procedures
1) DEAL NOTIFICATION 2) INITIAL ANALYSIS 3) DESKTOP UNDERWRITING 4) PROPERTY SITE VISIT 5) INVESTMENT COMMITTEE 6) FINAL DUE DILIGENCE 7) CLOSE Acquisition Stage Acquisition Procedures 1) Identify deal through proprietary relationships, brokers, and other proven sources 2) Does property meet fund cr
Slide 10: Medalist Fund I, Fund II and Medalist Diversified REIT
* Please note: These funds differ from publicly traded REITs Medalist Fund I* Medalist Fund II* ▪ Approximately $15.0 million of equity raised from high net worth, institutional and retail investors ▪ 8% annualized cash distributions paid quarterly to investors of record from Q3 2013 through Q1 2018
Slide 11: Publicly-Traded REIT Benefits
Provides Market Access to Ownership of Portfolio Asset Transparency ▪ Public SEC filer ▪ Corporate governance, required to comply with Sarbanes - Oxley Act and Nasdaq Capital Market requirements Liquidity ▪ Ability to buy/sell MDR Series A Preferred stock on the Nasdaq Capital Market ▪ MDR series A
Slide 12: Asset Overview: MDR's Current Properties
Asset Overview: MDR’s Current Properties
Slide 13: Franklin Square
▪ MDR’s first acquisition, Franklin Square is a 134,299 square foot shopping center located in Gastonia, North Carolina, which is in the Charlotte, North Carolina MSA ▪ Current tenants include, Ashley Furniture, Monkey Joes, Sprint PCS, T - Mobile, 6 other national tenants and 3 local tenants Proper
Slide 14: Hampton Inn – Airport
▪ The Greensboro Hampton Inn is a 125 - key hotel strategically located 10 minutes from the Piedmont Triad International Airport that serves The Triangle, encompassing Greensboro, Winston Salem, and High Point, North Carolina ▪ It is also adjacent to several international office parks. This property
Slide 15: Hanover Square North
▪ The shops at Hanover Square North is a 73,440 SF retail center located in Mechanicsville, Virginia, which is located within Hanover County, a growth market in the MSA of Richmond, Virginia ▪ As of 2018, the Metro Richmond area had a population of 1,303,621 2 ▪ As of September 30, 2019 97% of the s
Slide 16: Ashley Plaza
▪ Ashley Plaza is a 160,356 square foot retail center located in Goldsboro, North Carolina, less than an hour from Raleigh, North Carolina, one of the largest cities in the state. It is an attractive shopping center and is situated in the area’s main retail corridor ▪ As of September 30, 2019 the oc
Slide 17: Clemson Best Western Hotel
▪ The Clemson Best Western Hotel is a 148 - room hotel located in Clemson, South Carolina, less than a mile from Clemson University. The hotel also includes a restaurant, bar and conference facility. The property was fully renovated in 2017 ▪ Clemson University has over 24,000 students and over 5,00
Slide 18: Brookfield Center
▪ Brookfield Center is a 66,000 square foot flex/industrial property located in Greenville, South Carolina. Greenville is one of America’s emerging destinations and fastest growing cities. It is located off I - 85 between Charlotte, North Carolina and Atlanta, Georgia. The city has experienced 58% g
Slide 19: Investment Highlights
Experienced Management Team Strong Investment Track Record Strategy of Opportunistic Investing Market Opportunity Investment Highlights
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