Medalist Diversified Launches Tesla Lease Platform
Medalist Diversified (MDRR) announced its Delaware Statutory Trust sponsor platform, operated through its wholly-owned subsidiary, MDRR Sponsor TRS. Medalist, through the Sponsor, provides a publicly-traded platform to accredited 1031 exchange investors and their advisors, featuring SEC-reporting transparency, independent board governance and third-party due diligence on every offering. The DST platform's inaugural offering, MDRR XXV DST 1, is currently available only to accredited investors through registered broker-dealers and registered investment advisors. The DST offering is structured around a single-tenant, net-leased sales, service and delivery facility in Pensacola, Florida, leased to Tesla (TSLA). MDRR XXV DST 1 has completed independent third-party due diligence through recognized industry service providers, including FactRight and Mountain Dell Consulting. The DST property is a 45,461-square-foot facility that serves as Tesla's sales, service and delivery hub for Northwest Florida and Southern Alabama and includes 20+ service bays, eight Supercharger stations, and more than 150 parking spaces. The offering is structured with approximately 47% loan-to-value financing and includes fixed-rate debt with coverage metrics consistent with institutional underwriting standards.
