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MacKenzie Realty Capital Secures $3 Million Loan for Non-Traded REIT Shares
GlobeNewswire News Room· 2025-06-13 21:30
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].
MacKenzie Realty Capital Completes The Refinancing of Loan for the Main Street West Property
GlobeNewswire News Room· 2025-06-11 22:21
ORINDA, Calif., June 11, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (Nasdaq: MKZR) (“MacKenzie” or the “Company”) is pleased to announce the successful refinancing of the Main Street West property in Napa, CA. The refinancing was completed with EverTrust Bank for approximately $9.5 million, a term for 3 years with a current interest rate of 7.5% (Prime).   The Main Street West property is 40,000 square feet with retail and professional suites located at 1250 Main Street in downtown Napa. Robert ...
MacKenzie Realty Capital Reports Third Quarter FY 2025 Financial Results and Suspends Quarterly Common Dividend
GlobeNewswire News Room· 2025-05-19 13:00
ORINDA, Calif., May 19, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (Nasdaq: MKZR) (“MacKenzie” or the “Company”) today announced its financial results for the third quarter ended March 31, 2025 and announced that its Board Of Directors is suspending the company’s cash dividend payable to common stockholders. Key Financial Highlights:Operating Results for the Three Months Ended March 31, 2025: Net revenues for three months ended March 31, 2025, were $4.3 million, an increase of 5% from $4.1 mill ...
MacKenzie Realty Capital Inc(MKZR) - 2024 Q3 - Quarterly Report
2024-11-14 21:00
(Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission file number 000-55006 For the quarterly period ended September 30, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Form 10-Q (Former name, former address and former fiscal year, if changed since last report) Securities regist ...
MacKenzie Realty Capital Inc(MKZR) - 2024 Q4 - Annual Report
2024-09-27 21:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 000-55006 MACKENZIE REALTY CAPITAL, INC. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Inc ...
MacKenzie Realty Capital Inc(MKZR) - 2024 Q1 - Quarterly Report
2024-05-15 18:25
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission file number 000-55006 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 MacKenzie Realty Capital, Inc. (Exact name of registrant as specified in its charter) (State or other ju ...
MacKenzie Realty Capital Inc(MKZR) - 2023 Q3 - Quarterly Report
2023-11-13 22:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to __________ Commission file number 000-55006 MacKenzie Realty Capital, Inc. (Exact name of registrant as specified in its charter) (State or othe ...
MacKenzie Realty Capital Inc(MKZR) - 2023 Q4 - Annual Report
2023-09-28 20:22
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 000-55006 MACKENZIE REALTY CAPITAL, INC. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Inc ...
MacKenzie Realty Capital Inc(MKZR) - 2023 Q1 - Quarterly Report
2023-05-15 20:56
For the transition period from _________ to __________ Commission file number 000-55006 MacKenzie Realty Capital, Inc. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark one) ☑ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction o ...