Core Viewpoint - MacKenzie Realty Capital, Inc. has successfully closed a $1 million loan agreement to purchase non-traded REIT shares, which is part of its long-term business 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 [3]. - The company's real property portfolio is structured to be approximately 50% multifamily and 50% boutique class A office [3]. - The current portfolio includes interests in 8 office properties and full ownership of MacKenzie Apartment Communities, Inc., which has 5 multifamily properties and one multifamily development project [3]. Recent Developments - The company utilized the $1 million loan to purchase approximately $1 million worth of shares in CNL Healthcare Properties, Inc. at a price of $4.55 per share [2]. - CNL Healthcare Properties is expected to complete a merger transaction with SNDA, which is projected to increase the share value to approximately $6.90 per share [2].
MacKenzie Realty Capital Secures additional $1 Million Loan for Non-Traded REIT Shares