MKZR - Dividend announcements

ORINDA, Calif., Aug. 01, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") today announced that its Board of Directors has approved an effective time at 5:01 p.m. Eastern Standard Time August 4, 2025, for its 1-for-10 reverse stock split. MacKenzie's common stock is expected to begin trading on a split-adjusted basis on the Nasdaq Capital Market on August 5, 2025, under the current trading symbol, "MKZR." The reverse stock split was approved by MacKenzie's Board of Directors on July 3, 2025, and is intended to increase the per share trading price of the Company's common stock to enable the Company to meet the minimum bid price requirement

ORINDA, Calif., July 09, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") today announced that its Board of Directors has approved a 1-for-10 reverse stock split. The reverse stock split was approved by MacKenzie's Board on July 3, 2025, and is intended to increase the per share trading price of the Company's common stock to enable the Company to satisfy the minimum bid price requirement for continued listing on the Nasdaq Capital Market. The 1-for-10 reverse stock split would automatically convert ten current shares of MacKenzie's common stock into one new share of common stock. No fractional shares (less than one whole share) would be

ORINDA, Calif., June 13, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") today announced the closing of a $3 million loan agreement with an institutional investor for the purchase of non-traded REIT shares. Robert Dixon, CEO and President of MacKenzie Realty Capital, said, "Purchasing non-traded REIT shares has been a business strategy that we have utilized for many years which is profitable, strengthens our balance sheet, and increases our cash flow. In 2024 an affiliate of the Company offered to purchase up to 700,000 Class S Shares of Starwood REIT for $17.50 per share. That deal represented an approximate 24% discount to Starwood's

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 Dixon, CEO and President of MacKenzie Realty Capital, said, "Despite many challenges in the current commercial real estate financing market, we continue to see lender appetite for well-

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. 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