MacKenzie Realty Capital Secures $3 Million Loan for Non-Traded REIT Shares

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 then estimated net asset value of $22.94. Our affiliate purchased over $2 million. Last month, the Company conducted another tender offer for Starwood REIT at $15.30 per share and purchased approximately $1 million, which is being funded by this new loan agreement."

"This $3 million facility provides us the flexibility to continue to invest by purchasing ...