Medalist Diversified REIT, Inc. announced the appointment of Francis P. Kavanaugh to its Board of Directors, effective immediately. Mr. Kavanaugh has also been appointed as a member of the previously disclosed Special Committee of the Board charged with exploration of potential strategic alternatives in order to maximize stockholder value. Mr. Kavanaugh has 30+ years of diverse experience in real estate investment, business restructuring, and operational leadership.

Mr. Kavanaugh is currently employed as a Managing Director of Fort Ashford Funds, LLC. He has served as its manager since the company's inception in 2004.