Home About Properties Investor Relations Contact Core Philosophies Medalist Diversified REIT - Investment Strategy Our strategy is based on experience and observations over a long career in commercial real estate. MDR uses a diverse investment strategy. We are focused on 4 different property types: Flex-Industrial, select service and limited service hotels, multi-family and neighborhood shopping centers. We invest in the secondary and tertiary markets of the Southeast where yields are higher and generally we are not competing with large institutional investors that invest in primary markets. Our geographic focus is in the Southeast where we have prior experience and extensive industry contacts (good on the ground intelligence). We invest in “workforce” or “necessity” real estate because we believe it tends to be a more stable sector of the commercial real estate industry where turnover is generally lower and generally less volatile in economic swings. Other Medalist Properties Login Top Designed and Maintained by Shockoe Studios

Home About Properties Investor Relations Contact Board of Directors Thomas Messier Chairman of the Board and Chief Executive Officer 30 + years of experience in fixed income capital markets and CRE Extensive experience in real estate acquisition, financing, asset management, and investor relations Former Director of Global Capital Markets at First Union/Wachovia Bank, Senior VP of Capital Markets at Bank of America William Elliott Vice Chairman of the Board, President and Chief Operating Officer 30 + years of commercial real estate experience, sourcing, acquiring and managing investment properties Former Managing Partner of Prudential Commercial Real Estate, President of Virginia Realty and Development Company, President of the Central Virginia Region of Goodman Segar Hogan Hoffler, and Managing Director of GVA Advantis Licensed Real Estate Broker, Certified Property Manager (one-time CPM of the Year), Certified Value Engineer Neil Farmer Independent Director 30 + years of experience in real estate development Founded Farmer Properties, Inc., a real estate development located in Richmond, VA Charles Pearson Independent Director 30 + years of accounting, tax and consulting services Mr. Pearson began his career with Deloitte and Touche in 1978 rising to Senior Manager before leaving the firm to open his own practice in 1989 Mr. Pearson is a member of the American Institute of Certified Public Accountants (AICPA) and the Virginia Society of Certified Public Accountants Timothy O’Brien Independent Director Co-Chief Executive Officer of Meridian Senior Living, LLC Member of the Investment Committee of Book Hill Credit Opportunity Fund II, LLC and Book Hill Credit Opportunity Fund III, LLC, Chartered Financial Analyst, received his M.B.A. from UNC-Chapel Hill in 1997, has an M.S.B.A. the University of Maryland in 2010 and received his B.A. in Economics and Business from Randolph-Macon College in 1990, where he has served as a Trustee since 2012. Other Medalist Properties Login Top Designed and Maintained by Shockoe Studios