The firm offered to take over the industrial REIT for $18.70 a share, in a rival bid to Sam Zell’s Equity Commonwealth.

On the Alternatives Exchange, HNW investors and advisors will be able to browse, purchase and sell private investments such as real estate, hedge funds and private equity.

Barry Sternlicht’s investment firm has been selling malls across the U.S. at money-losing prices.

Medalist’s investments focus on lending against assets including commercial and residential real estate, accounts receivables, auto equipment, and aircraft and litigation proceeds.