About Medalist REIT
Creating capital for property owners through REIT conversion opportunities via 721 exchanges and UPREIT structures
Our Story
Medalist REIT began as a traditional real estate investment trust, focused on building and managing our own property portfolio. Our transformation into a platform connecting property owners with REIT conversion opportunities came under the leadership of Frank Kavanaugh, whose vision and proven track record as a successful CEO reshaped our mission.
Having successfully navigated the complex process of 721 exchanges and UPREIT structures for our own portfolio, we gained firsthand expertise in creating capital while retaining our best assets and optimizing tax efficiency. Under Frank's guidance, we realized this proven process could benefit other property owners facing the same challenges we had solved for ourselves—our philosophy became simple: we've done it for us, now we do it for you.
What We Do
We operate as a platform that helps property owners create immediate capital from their real estate portfolios through 721 exchanges and UPREIT conversions. Our role is to structure these transactions so property owners can generate liquidity without traditional sales, while retaining ownership of their highest-performing assets.
Through our network of REIT partners and deep expertise in tax-efficient structures, we enable property owners to create capital, access cash for new opportunities, and optimize their portfolios while deferring capital gains taxes. Our focus is on capital creation—turning illiquid real estate into accessible funds that owners can deploy for growth, diversification, or other investment objectives.
Our Approach
We believe in transparency, education, and long-term relationships. Every transaction we facilitate is structured with our clients' best interests in mind, focusing on sustainable wealth building rather than short-term gains.
Our team combines deep expertise in tax strategy, legal structuring, and real estate investment with a commitment to helping property owners achieve their financial objectives through sophisticated but accessible REIT conversion strategies.
Meet the Team
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Francis P. Kavanaugh
President and Chief Executive Officer
Francis P. Kavanaugh transforms struggling enterprises into billion-dollar success stories, bringing 30+ years of restructuring expertise to elite real estate operators at Medalist REIT. Frank has guided the restructuring of over 20 businesses across public and private sectors. Kavanaugh is perhaps best known for his turnaround of Force Protection Inc., where he stepped in after 9/11 to pivot a failing speedboat company into a life-saving defense contractor, scaling it from under $1 million to over $1 billion in just six years by supplying mine-resistant vehicles that protected American forces in Iraq and Afghanistan. His background includes executive positions at Microsoft and Hewlett Packard, Fort Ashford Funds, plus founding multiple Inc 500 companies. With degrees from UC Irvine (B.S. Information and Computer Science) and Pepperdine University (MBA), Kavanaugh applies the same transformational vision to help real estate operators escape the capital-chasing cycle and build permanent wealth platforms.
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Brent Winn, Jr.
Chief Financial Officer
Brent Winn built the financial foundation that enables Medalist REIT to transform real estate operators into institutional wealth magnets. Since joining as CFO in 2018, he has architected the accounting systems, controls, and financial operations that give institutional investors the transparency and confidence they demand from permanent wealth platforms. His extensive real estate finance experience—from CSX Realty through leadership at MGT Realty Advisors and Marz Industries—provides the depth needed to structure sophisticated capital vehicles that satisfy both regulatory requirements and investor expectations. With degrees from the University of Virginia (B.A. History), College of William and Mary (MBA), and Virginia Commonwealth University (Accounting), Winn ensures every financial structure supports operators' transition from capital supplicants to institutional investment targets.
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Erin Burke
Chief of Staff
Erin Burke ensures that Medalist REIT's sophisticated capital structuring operates with institutional precision and efficiency. As Chief of Staff, she develops the operational frameworks that allow elite real estate operators to focus on what they do best—finding and managing exceptional properties—while seamless systems handle investor relations, reporting, and wealth platform management. Burke's talent for cross-team coordination and proactive issue resolution ensures that every client interaction reflects the institutional-grade professionalism that sophisticated capital sources expect. A former NCAA volleyball player at Humboldt State University with a Political Science degree, she brings the same strategic thinking and team coordination skills that made her successful on the court to building operational excellence.
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Kevin Egan, CFA, CAIA, CPA
Chief Information Officer
Kevin Egan transforms proven real estate operators into institutional investment targets at Medalist REIT. His Wall Street foundation—covering real estate at Goldman Sachs and Morgan Stanley—combined with private equity and hedge fund consulting experience, enables him to structure REIT platforms that institutional capital actively seeks. Egan's comprehensive credentials (CFA, CAIA, CPA) and advanced accounting education from Brigham Young University ensure every financial structure meets the highest institutional standards while preserving operator control. Through his strategic finance leadership, sophisticated investors compete for participation instead of operators competing for capital.
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Jimi Smoot
Chief Technology Officer
Jimi Smoot builds the technology infrastructure that makes institutional capital flow seamlessly to elite operators at Medalist REIT. As founder of MailMentor, he scaled an AI-powered platform to over 4,000 users including Meta and Slack, proving his ability to create systems that sophisticated users depend on. His VP of Engineering experience at Outer, combined with founding Vesper.ai (an AI executive assistant), demonstrates his expertise in building enterprise-grade solutions that handle complex workflows. Smoot's technical architecture ensures that capital sourcing, investor relations, and wealth structuring operate with the efficiency and sophistication that institutional investors expect from permanent wealth platforms.
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Ron Nielsen
Chief Marketing Officer
Ron Nielsen transforms how elite real estate operators access and structure capital at Medalist REIT. With a unique background spanning entrepreneurship, institutional real estate, and philanthropic advisory, he specializes in converting fragmented investment portfolios into permanent wealth platforms. Nielsen's strategic approach helps proven operators shift from deal-chasing to capital attraction, building institutional-grade investment vehicles that compound wealth across generations. A former UCLA football player who brings the same team-first mentality to client relationships, he focuses on creating legacy-building strategies that align immediate investment goals with long-term wealth preservation.
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Deron Colby, Esq.
Counsel
Deron Colby brings over 26 years of legal experience as Counsel at Medalist REIT. Specializing in securities law, M&A, and real estate transactions, he's represented clients from landowners to corporate investors. His career spans leadership roles in securities firms, with expertise in SEC disclosures and managing investments. Colby's knowledge of land use and entitlements has been key in real estate deals. He's known for handling complex legal negotiations with a smile—because who doesn't love untangling legal jargon?
Board of Directors
Our Board combines leadership, governance, and real estate expertise to keep Medalist focused on reducing burdens, delivering steady income, and providing liquidity for our partners.
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Francis P. Kavanaugh
President and Chief Executive Officer
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Emanuel Neuman
Independent Director
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Lee Finley
Independent Director
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Marc Carlson
Independent Director
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Neil Farmer
Independent Director
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David Lunin
Independent Director
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Kory Kramer
Independent Director
Advisory Council
Our Advisory Board brings seasoned insight and strategic guidance, helping us navigate market complexities and make decisions that drive lasting value for our investors.
Timothy O'Brien
Advisory Board Chair
Laith Hermiz
Chief Executive Officer and Founder, Ironside Realty
Tim Kashani
Founder IT Mentors
Charles Pearson
Former Director and Audit Committee Chair, Medalist
Diversified REIT
Alec Abbott
Private Wealth Advisor, The Norden Group
Mason Fink
Partner, Frame VC
John Hopkins
Former Pan European Brand Manager, Procter & Gamble
Brian Decker
Co-Founder, SOAR and Modern Lending
Timothy Gorman
Real Estate Broker & Consultant
Greg Miller
Partner, Heritage Wealth
Scott Elser
Partner and Founding Member, Next Level Growth
Peter Elwell
CFA, CPA (Inactive)
Mahlon Tobias
Commercial Real Estate Strategist & Dealmaker
John Meyer
Executive Director University of Notre Dame
Mike Long
CEO Global Jet Partners
Tony Edwards
Advisory Council Member
Richard King Brown
Advisory Council Member
JJ Jones
Partner, Melin
Contact us
30-minute confidential discussion about institutional solutions for your portfolio