M&A
confidence high
sentiment positive
materiality 0.80
MacKenzie Realty Capital launches tender offer for up to 700,000 Starwood REIT shares at $17.50 each
MacKenzie Realty Capital, Inc.
- MacKenzie Realty Capital (OTCQX: MKZR) launched a tender offer to purchase up to 700,000 Class S Shares of Starwood Real Estate Income Trust.
- Offer price is $17.50 per share, an approximate 24% discount to Starwood's estimated NAV of $22.94 as of May 31, 2024.
- If successful, MacKenzie would invest over $12 million in Starwood at an attractive discount to net asset value.
- The tender offer is being made by MacKenzie and its affiliates; details are in the Offer to Purchase available at mackenziecapital.com.