Core Viewpoint - Mackenzie Realty Capital, Inc. has established a new entity, MacKenzie Apartment Communities, Inc., focused on multi-family properties on the West Coast, which is currently wholly owned by MKZR [1][3]. Group 1: Company Structure and Valuation - As of January 1, 2026, MKZR has contributed its multi-family assets and development property to MAC, which is a stand-alone company [1]. - The Net Asset Value (NAV) of MAC has been determined to be $18.10 per share, based on appraisals and construction costs, with a potential range from $16.46 to $19.95 per share [2]. - The current portfolio of MAC includes 4 stabilized properties and one development project, with the newly constructed Aurora at Green Valley yet to be appraised [2]. Group 2: Future Opportunities and Strategy - The CEO of MKZR expressed excitement about the launch of MAC, highlighting options such as raising funds specifically for multi-family assets, merging with another multi-family focused REIT, or spinning off MAC shares to MKZR shareholders on a 1:1 basis [3]. - MAC is noted to have a clean balance sheet and favorable market conditions, indicating a positive outlook for its future [3]. Group 3: Company Background - MacKenzie Realty Capital, founded in 2013, is a West Coast-focused REIT aiming to invest at least 80% of its total assets in real property, with a portfolio that includes 50% multi-family and 50% boutique class A office properties [3].

Core Viewpoint - MacKenzie Realty Capital, Inc. has initiated a strategic review of its multi-family portfolio to enhance shareholder value, believing that the net asset value of this portfolio significantly exceeds its current market capitalization [1][2]. Company Overview - MacKenzie Realty Capital, Inc. is a West Coast-focused Real Estate Investment Trust (REIT) founded in 2013, aiming to invest at least 80% of its total assets in real property and up to 20% in illiquid real estate securities [2]. - The company's real property portfolio is intended to be approximately 50% multifamily and 50% boutique class A office, currently comprising interests in 5 multifamily properties, 8 office properties, and 1 multifamily development [2].

Core Insights - MacKenzie Realty Capital, Inc. reported its financial results for the first quarter ended September 30, 2025, indicating that its property Aurora at Green Valley is now over 50% leased [1][2]. Financial Performance - Net revenues for the quarter were $4.54 million, a decrease of 8.3% from $4.95 million in the same period of 2024 [6]. - The net operating loss was $3.49 million, an improvement of 53% compared to a net operating loss of $7.4 million in the same period of 2024 [6]. - The net loss for the quarter was $3.05 million, compared to a loss of $7.41 million in the same period of 2024 [6]. - Funds from operations (FFO) were negative $1.93 million for the quarter, compared to negative $0.58 million in the same period of 2024 [6]. - Adjusted funds from operations (AFFO) were negative $1.72 million for the quarter, compared to negative $0.47 million in the same period of 2024 [6][8]. Company Overview - MacKenzie Realty Capital, founded in 2013, is a West Coast-focused REIT that aims to invest at least 80% of its total assets in real property, with a portfolio that is approximately 50% multifamily and 50% boutique class A office [4]. - The current portfolio includes interests in 5 multifamily properties and 8 office properties, along with 1 multifamily development [4]. Management Commentary - The CEO, Robert Dixon, expressed satisfaction with the quarterly results aligning with internal expectations and noted a positive trajectory towards FFO profitability next year [2]. - The company remains focused on executing growth initiatives while maintaining financial discipline for long-term value creation [2].

Core Viewpoint - MacKenzie Realty Capital, Inc. has launched a tender offer to purchase up to 150,000 Class S shares of Starwood Real Estate Income Trust at $16.25 per share, representing a 22% discount to Starwood's estimated net asset value of $20.76 as of August 31, 2025 [1][2] Group 1: Tender Offer Details - The tender offer aims to provide Starwood shareholders with a quicker exit option, as the current share redemption program is oversubscribed, only redeeming about 4% of repurchase requests in recent months [2] - If successful, MacKenzie will invest $2.438 million for shares valued at $3.114 million, potentially yielding a gross profit of $676,500 if the estimated value is realized [3] Group 2: Previous Investments and Performance - MacKenzie previously purchased over $3 million in Starwood shares at prices of $15.30 and $17.50 per share, with a redemption of approximately 6,750 shares in September 2025 at $20.76, resulting in over 30% return in less than a year on the most recent tender price [3] - The company expresses hope that the current tender offer will yield similar positive results [3] Group 3: Company Overview and Strategy - MacKenzie Realty Capital, founded in 2013, focuses on investing at least 80% of its total assets in real property, with a portfolio that includes 5 multifamily properties and 8 office properties, as well as a multifamily development [7] - The company is also experiencing a trend toward AFFO profitability, with an 84% improvement in annual results, and has begun leasing its multifamily development, Aurora at Green Valley, with 36% already leased [6]

Core Insights - MacKenzie Realty Capital, Inc. reported financial results for the year ended June 30, 2025, highlighting a significant increase in net revenues and improvements in funds from operations (FFO) and adjusted funds from operations (AFFO) [1][2][6] Financial Performance - Net revenues for the year ended June 30, 2025, were $22.06 million, representing a 40% increase from $15.74 million in the same period of 2024 [6] - The net operating loss was $23.46 million, compared to a net operating loss of $9.92 million in the same period of 2024 [6] - The net loss for the year was $23.97 million, an increase from a loss of $11.22 million in the same period of 2024 [6] - Negative FFO improved to negative $2.32 million, a 53% reduction from negative $4.93 million in the previous year [6] - Negative AFFO was reported at negative $0.69 million, an 84% improvement from negative $4.25 million in the same period of 2024 [6][10] Operational Developments - The construction of Aurora at Green Valley has been completed, with the property now 31% leased [1][6] - The company remains focused on executing growth initiatives while maintaining financial discipline to create sustained value [2] Company Overview - MacKenzie Realty Capital, founded in 2013, is a West Coast-focused REIT that invests at least 80% of its total assets in real property, with a portfolio that includes multifamily and boutique class A office properties [4] - The company has consistently paid dividends since its inception and currently holds interests in 4 multifamily properties and 8 office properties, along with 2 multifamily developments [4]

Core Viewpoint - MacKenzie Realty Capital, Inc. has acquired over 6% of its outstanding shares, indicating confidence in the company's value exceeding its market price despite economic challenges [1][2]. Company Developments - The company successfully refinanced its Hollywood multifamily property and an office property in Napa, CA, and received the first certificate of occupancy for its multifamily development, Aurora at Green Valley [2]. - On August 21, 2025, MacKenzie received confirmation from Nasdaq that it is back in compliance with the $1.00 minimum bid price requirement for continued listing [2]. Company Profile - MacKenzie Realty Capital, Inc. is a West Coast-focused REIT, founded in 2013, aiming to invest at least 80% of its total assets in real property, with a portfolio consisting of approximately 50% multifamily and 50% boutique class A office properties [3]. - The current portfolio includes interests in 4 multifamily properties, 8 office properties, and 2 multifamily developments [3].

Core Viewpoint - MacKenzie Realty Capital, Inc. has announced a 1-for-10 reverse stock split to increase its common stock price and meet Nasdaq listing requirements [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will take effect at 5:01 p.m. Eastern Standard Time on August 4, 2025, with trading on a split-adjusted basis starting August 5, 2025 [1]. - The split will convert ten existing shares into one new share, reducing the number of outstanding shares from approximately 16,760,978 to about 1,676,098 [2]. - Stockholders entitled to fractional shares will receive cash equivalent to the fractional amount multiplied by the closing price on August 1, 2025 [2]. Group 2: Administrative Aspects - Computershare, Inc. will serve as the exchange agent for the reverse stock split, and stockholders will not need to take action to receive their post-split shares [3]. - The CUSIP number for the company will change to 55453W501 effective at the time of the split [4]. Group 3: Company Overview - MacKenzie Realty Capital, Inc. is a West Coast-focused REIT, aiming to invest at least 80% of its total assets in real property, with a portfolio consisting of approximately 50% multifamily and 50% boutique class A office properties [5]. - The company has maintained a dividend payout every year since its inception and currently holds interests in 4 multifamily properties and 8 office properties, along with 2 multifamily developments [5].

Core Viewpoint - MacKenzie Realty Capital, Inc. has announced a 1-for-10 reverse stock split to increase its share price and meet Nasdaq listing requirements [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will convert ten existing shares into one new share, reducing the total shares outstanding from approximately 15,781,930 to about 1,578,192 [2]. - No fractional shares will be issued; instead, stockholders entitled to a fractional share will receive cash equivalent to the fraction multiplied by the closing price prior to the split [2]. - The effective date of the reverse stock split will be announced at least two business days before implementation [4]. Group 2: Stockholder Information - Stockholders of record will not need to take action to receive post-split shares, as their positions will be automatically adjusted [3]. - Stockholders holding shares through banks or brokers should check with their respective institutions for specific procedures regarding the reverse stock split [3]. Group 3: Company Overview - MacKenzie Realty Capital, founded in 2013, is a West Coast-focused REIT aiming to invest at least 80% of its total assets in real property, with a portfolio consisting of approximately 50% multifamily and 50% boutique class A office properties [5]. - The company has consistently paid dividends since its inception and currently holds interests in 4 multifamily properties and 8 office properties, along with 2 multifamily developments [5].

Group 1 - The real estate sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1][2] - An asset is considered oversold when the Relative Strength Index (RSI) is below 30, indicating potential short-term performance improvement [1] Group 2 - MacKenzie Realty Capital Inc (MKZR) reported a third-quarter loss of $0.47 per share, compared to a loss of $0.26 per share a year ago, with an RSI value of 24.5 [6] - The stock of MacKenzie Realty Capital fell approximately 26% over the past month, closing at $0.64, with a 52-week low of $0.60 [6] - La Rosa Holdings (LRHC) announced an 80-for-1 reverse stock split, with an RSI value of 17.6, and its stock fell around 43% over the past five days, closing at $0.080 [6]

Core Viewpoint - MacKenzie Realty Capital, Inc. has successfully closed a $3 million loan agreement to facilitate the purchase of non-traded REIT shares, which is a key part of its investment strategy aimed at enhancing profitability and cash flow [1][2]. Company Overview - MacKenzie Realty Capital, founded in 2013, is a West Coast-focused REIT that aims to invest at least 80% of its total assets in real property and up to 20% in illiquid real estate securities. The portfolio is intended to be split evenly between multifamily properties and boutique class A office spaces [3]. Recent Financial Activities - In 2024, an affiliate of the company purchased 700,000 Class S Shares of Starwood REIT at $17.50 per share, representing a 24% discount to Starwood's estimated net asset value of $22.94. The affiliate invested over $2 million in this transaction [2]. - Last month, the company conducted another tender offer for Starwood REIT at $15.30 per share, acquiring approximately $1 million worth of shares, funded by the new loan agreement [2]. Strategic Importance of Loan - The $3 million loan facility provides the company with the flexibility to continue investing in non-traded REITs, which is a long-standing and profitable business strategy [2].