Medalist Diversified, Inc. · NASDAQ:MDRR
Medalist Diversified — Medalist Diversified REIT — IPO Roadshow (October 2018)
19 slides from Medalist Diversified's IPO roadshow presentation, Oct 15, 2018
Slide 1: Equity Investment Opportunity: Medalist Diversified REIT Initial Public Offering
E QUITY I NVESTMENT O PPORTUNITY MEDALIST DIVERSIFIED REIT, INC. Investor Presentation – Initial Public Offering October 2018 Filed Pursuant to Rule 433 Issuer Free Writing Prospectus Dated October 15, 2018 (To Preliminary Prospectus dated October 4, 2018) Registration Statement No. 333 - 227098 Thi
Slide 2: Contents
2 Contents Important Notices 3 Offering Summary 4 Investment Highlights 5 Experienced Management and Board of Directors 6 Company Overview 7 Core Philosophies & Investment Strategies 8 Medalist’s Investment Criteria 9 Medalist’s Acquisition Sourcing and Due Diligence 10 Management Track Record 11 Pu
Slide 3: Important Notices
3 Important Notices 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 solicita
Slide 4: Offering Summary
4 Issuer: Medalist Diversified REIT, Inc. Proposed Ticker / Exchange: MDRR / Nasdaq Capital Market Shares Offered : Up to 700,000 shares Offering Price: $9.00 - $11.00 per share Gross Offering Proceeds: Up to $7,000,000 (excluding 15% Over - Allotment) Securities Issued: Common stoc k Anticipated Us
Slide 5: Investment Highlights
5 Investment Highlights Historical Annual Dividend Yield Experienced Management Team Strong Investment Track Record Strategy of Opportunistic Investing Market Opportunity ▪ Three 7.0% quarterly annualized cash distributions paid to MDR’s investors to date ▪ US law requires real estate investment tru
Slide 6: Experienced Management and Board of Directors
6 Experienced Management and Board of Directors Management Board of Directors Thomas Messier Director, Chief Executive Officer William Elliott Director, Chief Operating Officer, President Charles Polk (1) Director Nominee Charles Pearson (1) Director Nominee ▪ 30 + years of experience in fixed incom
Slide 7: Company Overview
7 Shockoe Properties ▪ Shockoe Properties, a wholly owned subsidiary of Dodson Commercial, is a full - service real estate firm with over 30 years of investment management experience ▪ MDR’s Bill Elliott became a Partner in Dodson Commercial in 2003 and maintains a 6.32% ownership stake ▪ Shockoe Pr
Slide 8: Core Philosophies & Investment Strategies
8 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 be
Slide 9: MDR's Investment Criteria
9 MDR’s Investment Criteria HEADQUARTERS MDR TARGET MARKETS Target Investment Criteria ▪ Equity investments typically range from $1MM - $6MM o Equity investments can be as high as $10MM without board approval ▪ Market leverage ratio for portfolio (80% maximum, without board approval) ▪ Average targe
Slide 10: Medalist's Acquisition Sourcing and Due Diligence
10 Medalist’s Acquisition Sourcing and Due Diligence 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, broke
Slide 11: Management Track Record
11 Management Track Record Medalist Fund I Medalist Fund II ▪ Approximately $15.0 million of equity raised from high net worth, institutional and retail investors ▪ 8.0% annualized cash distributions paid quarterly to investors of record from Q3 2013 through Q1 2018 ▪ 340,000 square feet of retail a
Slide 12: Publicly-Traded REIT Benefits
12 Publicly – Traded REIT Benefits Provides Market Access to Ownership of Portfolio Asset Transparency ▪ Public SEC filer ▪ Corporate governance, required to comply with Sarbanes - Oxley Act and Nasdaq Capital Market requirements Liquidity ▪ Ability to buy/sell MDR stock on the Nasdaq Capital Market
Slide 13: REIT Overview
13 REIT Overview (1) Data from Thomson Reuters Eikon and SNL as of 10/12/2018 Neighborhood retail trading comparables ($ in millions, except per share values and TEV / sq. ft.) Enterprise Net Current Equity Total value debt / Cap Dividend 2018E 2019E Company Ticker price mkt cap debt (TEV) TEV Rate
Slide 14: Asset Overview: MDR's Current Properties
14 Asset Overview: MDR’s Current Properties
Slide 15: Medalist Diversified REIT, Inc. – Franklin Square
15 Medalist Diversified REIT, Inc. – 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
Slide 16: Medalist Diversified REIT, Inc. – Hampton Inn
16 Medalist Diversified REIT, Inc. – Hampton Inn ▪ 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
Slide 17: Medalist Diversified REIT, Inc. – Hanover Square North
17 Medalist Diversified REIT, Inc. – 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 2016, the Metro Richmond area had a populat
Slide 18: Investment Highlights
18 Investment Highlights Historical Annual Dividend Yield Experienced Management Team Strong Investment Track Record Strategy of Opportunistic Investing Market Opportunity
Slide 19: Thank You
MDR | Thank You
Medalist Diversified REIT — IPO Roadshow (October 2018) on 6ix