MacKenzie Realty Capital Files 8-K
Ticker: MKZR · Form: 8-K · Filed: 2024-07-29T00:00:00.000Z
Sentiment: neutral
Topics: 8-K, REIT, regulatory-filing
TL;DR
MRC filed an 8-K, but no juicy details yet.
AI Summary
MacKenzie Realty Capital, Inc. filed an 8-K on July 29, 2024, to report other events and financial statements. The filing does not contain specific financial figures or details about the nature of the 'other events' beyond its classification as a real estate investment trust.
Why It Matters
This filing indicates a regulatory update from MacKenzie Realty Capital, Inc., but lacks specific details for investors to assess its immediate impact.
Risk Assessment
Risk Level: low — The filing is a standard 8-K with no disclosed negative events or significant financial changes.
Key Players & Entities
- MacKenzie Realty Capital, Inc. (company) — Registrant
- July 29, 2024 (date) — Date of Report
- Maryland (jurisdiction) — State of Incorporation
- 45-4355424 (tax_id) — I.R.S. Employer Identification No.
- 89 Davis Road, Suite 100 Orinda, California 94563 (address) — Principal executive offices
- 925-631-9100 (phone_number) — Registrant's telephone number
FAQ
What specific 'Other Events' are being reported by MacKenzie Realty Capital, Inc. in this 8-K filing?
The filing does not specify the nature of the 'Other Events' beyond its classification.
Does this 8-K filing contain any updated financial statements or material financial information for MacKenzie Realty Capital, Inc.?
The filing indicates 'Financial Statements and Exhibits' are included, but the provided text does not detail specific financial figures or changes.
What is the primary business of MacKenzie Realty Capital, Inc. according to the filing?
MacKenzie Realty Capital, Inc. is identified as a Real Estate Investment Trust (REIT) with the Standard Industrial Classification code 6798.
When was this 8-K report filed with the SEC?
The report was filed on July 29, 2024.
What is the principal executive office address for MacKenzie Realty Capital, Inc.?
The principal executive offices are located at 89 Davis Road, Suite 100, Orinda, California 94563.
Filing Stats: 455 words · 2 min read · ~2 pages · Grade level 10.3 · Accepted 2024-07-29 14:27:07
Key Financial Figures
- $17.50 — al Estate Income Trust ("Starwood") for $17.50 per Share, an approximate 24% discount
- $22.94 — Starwood's estimated net asset value of $22.94 as of May 31, 2024. If successful in pu
- $12 million — ares, MacKenzie would be investing over $12 million in Starwood at an attractive discount t
Filing Documents
- mrc8k072924.htm (8-K) — 25KB
- mrcpressrelease072924.htm (EX-99.1) — 7KB
- 0001550913-24-000015.txt ( ) — 152KB
- mrc-20240729.xsd (EX-101.SCH) — 4KB
- mrc-20240729_lab.xml (EX-101.LAB) — 20KB
- mrc-20240729_pre.xml (EX-101.PRE) — 14KB
- mrc8k072924_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. MacKenzie Realty Capital, Inc. (OTCQX: MKZR; "MacKenzie") is announcing that it has today launched a tender offer to purchase up to 700,000 Class S Shares of Starwood Real Estate Income Trust ("Starwood") for $17.50 per Share, an approximate 24% discount to Starwood's estimated net asset value of $22.94 as of May 31, 2024. If successful in purchasing all such Shares, MacKenzie would be investing over $12 million in Starwood at an attractive discount to its net asset value. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com/stock/MKZR/quote.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press Release issued July 29, 2024
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MACKENZIE REALTY CAPITAL, INC . (Registrant) Date: July 29, 2024 By: /s/ Robert Dixon Robert Dixon President