Medalist Diversified REIT, Inc. announced the launch of a DST sponsor platform and its inaugural offering, MDRR XXV DST 1, featuring a Tesla-leased facility in Pensacola, Florida.
Key takeaways
The Company launched a Delaware Statutory Trust (DST) sponsor platform operated through wholly-owned subsidiary MDRR Sponsor TRS, LLC.
The inaugural offering, MDRR XXV DST 1, is a single-tenant net-leased facility in Pensacola, Florida, leased to Tesla, Inc.
The DST property comprises a 45,461-square-foot facility with 20+ service bays and eight Supercharger stations.
The offering is structured with approximately 47% loan-to-value financing and includes fixed-rate debt.
The Company currently operates with no corporate-level debt and an estimated $40 million in sponsor-level net asset value.