MDRR - It's Early Days For Medalist Diversified REIT. Here's Why I Am Watching This 16%-Yielding Company
Overview
Medalist Diversified REIT (MDRR) is an externally-managed REIT that just went public in November 2018. The REIT's target investments are retail, hotel, multifamily, and flex industrial properties in secondary and tertiary markets. These markets are located across the American southeast. MDRR's focus states include Virginia, North Carolina, South Carolina, Georgia, Florida, and Alabama. The company currently owns two retail shopping centers and one hotel property, and it has purchase and sales agreements for three additional properties (1 retail, 1 hotel, and 1 flex industrial). MDRR is a little-covered name and has a