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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 million in the same period of 2024.Net operating loss was $5.8 million, as compared to a net operating loss of $2.7 million in the same period of 2024.Net loss was $6.1 million, compared to
ORINDA, Calif., March 31, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") and its adviser's affiliated brokerage, Wiseman Commercial, Inc., is pleased to announce today that it has reached an Agreement with First Northern Bank of Dixon to pay down and extend the loan on the Company's Napa Innovation Center, f/k/a Main Street West. The Company also announced the closing of a new loan on its property in Hollywood, California. Napa Innovation Center/Main Street West Agreement The Company has reached a definitive agreement with First Northern Bank to continue the ownership and operation of the Napa Innovation Center, formerly known as Main
ORINDA, Calif., Feb. 26, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") announced that it signed a nonbinding letter of intent to expand its multi-family portfolio in Solano County, California, with a waterfront development property located adjacent to the Solano Yacht Club ("Westwind Residences"), a 5.73 acre parcel on which the Company hopes to develop 81 multi-family apartment units and 7 townhomes. Westwind Residences is a waterfront property located in downtown Suisun City, California. As previously reported, MacKenzie has two other developments in Solano County, including the 74-unit Aurora at Green Valley, which is proceeding u
ORINDA, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") announced the launch of a tender offer to purchase up to 150,000 Class S shares of Starwood Real Estate Income Trust, Inc. ("Starwood") for $15.30 per share, an approximate 30% discount to Starwood's estimated net asset value of $21.84 as of November 30, 2024. Starwood is a non-traded real estate investment trust, and its share redemption program is oversubscribed. The share redemption program only redeemed approximately 4% of each stockholder's December 2024 repurchase request. Thus, shareholders are not able to effectively redeem their shares via repurchase fro
ORINDA, Calif., Feb. 14, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") today announced its financial results for the second quarter ended December 31, 2025. Key Financial Highlights:Operating Results for the Three Months Ended December 31, 2024: The Company had positive $2.8 million of funds from operations ("FFO") for the quarter, a return to positive FFO. The net loss of $4.5 million was offset by $2.2 million in depreciation expense and $5.1 million of impairment loss. Revenue for the quarter benefited by a $3.0 million early termination fee from the anchor tenant at MacKenzie Satellite Place. Net revenues for three mo
ORINDA, Calif., Feb. 13, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") provided a business update on February 13, 2025. MacKenzie announces completion of Aurora at Green Valley offering MacKenzie today announced that it has completed the $10 million equity raise for its "Aurora at Green Valley" development. Aurora is currently ahead of schedule, and based upon the current rate of contingencies, under budget. Aurora is a 72-unit luxury apartment community located in Fairfield, CA. The first residential units are scheduled to be delivered in July 2025. MacKenzie announces launch of its second multi-family development offer
ORINDA, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") is pleased to announce an update on its development called Aurora at Green Valley, in Fairfield, CA. Highlights: Our Aurora project is progressing on schedule with no delays. See www.wisemanco.com/property/aurora-at-green-valley/ The schedule continues to indicate occupancy will begin during the third quarter for the first residential building, with the other two buildings delivered by the end of the year.Sunrise Center clubhouse, with leasing offices, is scheduled to be delivered 45 days prior to the first residential building to assist in leasing activities.
ORINDA, Calif., Dec. 17, 2024 (GLOBE NEWSWIRE) -- On December 17, 2024, MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company"), announced it has postponed its 2024 special meeting of stockholders ("Special Meeting") from December 18, 2024, to January 6, 2025, to allow additional time for stockholder voting and the solicitation of proxies. The Special Meeting will be held on January 6, 2025, at 11 am Pacific Time at the offices of MacKenzie located at 89 Davis Rd., Suite 100, Orinda, California 94563. There have been no changes to the proposals to be voted on at the Special Meeting. The Company has postponed the Special Meeting to provide an opportunity for more stock
ORINDA, Calif., Nov. 21, 2024 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") today announced its financial results for the first quarter ended September 30, 2024. Key Financial Highlights:Operating Results for the Three Months Ended September 30, 2024: Net revenues for three months ended Sept 30, 2024, were $5.0 million, an increase of 39% from $3.6 million in the same period of 2023.Gross profit was $3.0 million, an of increase of 41%, from $2.1 million in the same period of 2023.Net loss was $8.1 million, compared to $4.6 million loss in the same period of 2023.Net loss per share was $0.61 based on 13,345,967 outstanding shares, compared
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 million in the same period of 2024.Net operating loss was $5.8 million, as compared to a net operating loss of $2.7 million in the same period of 2024.Net loss was $6.1 million, compared to
ORINDA, Calif., March 31, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") and its adviser's affiliated brokerage, Wiseman Commercial, Inc., is pleased to announce today that it has reached an Agreement with First Northern Bank of Dixon to pay down and extend the loan on the Company's Napa Innovation Center, f/k/a Main Street West. The Company also announced the closing of a new loan on its property in Hollywood, California. Napa Innovation Center/Main Street West Agreement The Company has reached a definitive agreement with First Northern Bank to continue the ownership and operation of the Napa Innovation Center, formerly known as Main
ORINDA, Calif., Feb. 28, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company"), a West Coast-focused REIT that invests in commercial and residential assets, as well as illiquid real estate securities, today announced that it has entered into a securities purchase agreement with a single institutional investor for the purchase and sale of 2,826,299 shares of common stock (or pre-funded warrants in lieu thereof) in a registered direct offering. In a concurrent private placement, the Company also agreed to issue unregistered Series A common warrants to purchase up to an aggregate of 1,413,149 shares of common Stock, and unregistered Series B comm
ORINDA, Calif., Feb. 26, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") announced that it signed a nonbinding letter of intent to expand its multi-family portfolio in Solano County, California, with a waterfront development property located adjacent to the Solano Yacht Club ("Westwind Residences"), a 5.73 acre parcel on which the Company hopes to develop 81 multi-family apartment units and 7 townhomes. Westwind Residences is a waterfront property located in downtown Suisun City, California. As previously reported, MacKenzie has two other developments in Solano County, including the 74-unit Aurora at Green Valley, which is proceeding u
ORINDA, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") announced the launch of a tender offer to purchase up to 150,000 Class S shares of Starwood Real Estate Income Trust, Inc. ("Starwood") for $15.30 per share, an approximate 30% discount to Starwood's estimated net asset value of $21.84 as of November 30, 2024. Starwood is a non-traded real estate investment trust, and its share redemption program is oversubscribed. The share redemption program only redeemed approximately 4% of each stockholder's December 2024 repurchase request. Thus, shareholders are not able to effectively redeem their shares via repurchase fro
ORINDA, Calif., Feb. 14, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") today announced its financial results for the second quarter ended December 31, 2025. Key Financial Highlights:Operating Results for the Three Months Ended December 31, 2024: The Company had positive $2.8 million of funds from operations ("FFO") for the quarter, a return to positive FFO. The net loss of $4.5 million was offset by $2.2 million in depreciation expense and $5.1 million of impairment loss. Revenue for the quarter benefited by a $3.0 million early termination fee from the anchor tenant at MacKenzie Satellite Place. Net revenues for three mo
ORINDA, Calif., Feb. 13, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") provided a business update on February 13, 2025. MacKenzie announces completion of Aurora at Green Valley offering MacKenzie today announced that it has completed the $10 million equity raise for its "Aurora at Green Valley" development. Aurora is currently ahead of schedule, and based upon the current rate of contingencies, under budget. Aurora is a 72-unit luxury apartment community located in Fairfield, CA. The first residential units are scheduled to be delivered in July 2025. MacKenzie announces launch of its second multi-family development offer
ORINDA, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") is pleased to announce an update on its development called Aurora at Green Valley, in Fairfield, CA. Highlights: Our Aurora project is progressing on schedule with no delays. See www.wisemanco.com/property/aurora-at-green-valley/ The schedule continues to indicate occupancy will begin during the third quarter for the first residential building, with the other two buildings delivered by the end of the year.Sunrise Center clubhouse, with leasing offices, is scheduled to be delivered 45 days prior to the first residential building to assist in leasing activities.
ORINDA, Calif., Dec. 17, 2024 (GLOBE NEWSWIRE) -- On December 17, 2024, MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company"), announced it has postponed its 2024 special meeting of stockholders ("Special Meeting") from December 18, 2024, to January 6, 2025, to allow additional time for stockholder voting and the solicitation of proxies. The Special Meeting will be held on January 6, 2025, at 11 am Pacific Time at the offices of MacKenzie located at 89 Davis Rd., Suite 100, Orinda, California 94563. There have been no changes to the proposals to be voted on at the Special Meeting. The Company has postponed the Special Meeting to provide an opportunity for more stock
ORINDA, Calif., Nov. 21, 2024 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") today announced its financial results for the first quarter ended September 30, 2024. Key Financial Highlights:Operating Results for the Three Months Ended September 30, 2024: Net revenues for three months ended Sept 30, 2024, were $5.0 million, an increase of 39% from $3.6 million in the same period of 2023.Gross profit was $3.0 million, an of increase of 41%, from $2.1 million in the same period of 2023.Net loss was $8.1 million, compared to $4.6 million loss in the same period of 2023.Net loss per share was $0.61 based on 13,345,967 outstanding shares, compared
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4/A - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4/A - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
8-K - MacKenzie Realty Capital, Inc. (0001550913) (Filer)
10-Q - MacKenzie Realty Capital, Inc. (0001550913) (Filer)
8-K - MacKenzie Realty Capital, Inc. (0001550913) (Filer)
8-K - MacKenzie Realty Capital, Inc. (0001550913) (Filer)
8-K - MacKenzie Realty Capital, Inc. (0001550913) (Filer)
424B5 - MacKenzie Realty Capital, Inc. (0001550913) (Filer)
8-K - MacKenzie Realty Capital, Inc. (0001550913) (Filer)
10-Q - MacKenzie Realty Capital, Inc. (0001550913) (Filer)
8-K - MacKenzie Realty Capital, Inc. (0001550913) (Filer)
QUALIF - MacKenzie Realty Capital, Inc. (0001550913) (Filer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)
4 - MacKenzie Realty Capital, Inc. (0001550913) (Issuer)