0000000000-21-014631.txt : 20220216 0000000000-21-014631.hdr.sgml : 20220216 20211206113003 ACCESSION NUMBER: 0000000000-21-014631 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20211206 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: RAD Diversified REIT, Inc. CENTRAL INDEX KEY: 0001721469 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 822026337 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 4115 WEST SPRUCE STREET CITY: TAMPA STATE: FL ZIP: 91730 BUSINESS PHONE: 855-909-9294 MAIL ADDRESS: STREET 1: 4115 WEST SPRUCE STREET CITY: TAMPA STATE: FL ZIP: 91730 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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Lois Ave. Tampa, Florida 33609 Re: RAD Diversified REIT, Inc. Post Qualification Amendment on Form 1-A Filed November 29, 2021 File No. 024-11020 Dear Mr. Dutch Mendenhall: We have reviewed your amendment and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your offering statement and providing the requested information. If you do not believe our comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your offering statement and the information you provide in response to this comment, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our November 24, 2021 letter. Post Qualification Amendment on Form 1-A General 1. We reissue prior comment 1. We note the statements on your website at https://raddiversified.com that RAD Diversified made a 36.7% annualized return in 2020 and has cleared 35.48% in the past 12 months. Please reconcile your net asset value calculations on page 57 with the disclosure provided in your amended Form 1-A, including your financial statements for the applicable periods. In addition, we note the reference in the FAQs of the website to a 5% guarantee. Please explain the basis for this statement and reconcile with the Form 1-A, which clearly discloses there are no guarantees of future performance. Brandon Dutch Mendenhall FirstName LastNameBrandon RAD Diversified REIT, Inc. Dutch Mendenhall Comapany6, December NameRAD 2021 Diversified REIT, Inc. December Page 2 6, 2021 Page 2 FirstName LastName We will consider qualifying your offering statement at your request. If a participant in your offering is required to clear its compensation arrangements with FINRA, please have FINRA advise us that it has no objections to the compensation arrangements prior to qualification. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Ruairi Regan at 202-551-3269 or Pam Howell at 202-551-3357 if you have any questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Fanni Koszeg, Esq.