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]
MacKenzie Realty Capital Announces Starwood REIT Tender Offer, Adviser Stock Purchases, and Aurora Leasing Update