other material
confidence high
sentiment positive
materiality 0.50
MacKenzie Realty Capital provides Aurora at Green Valley update; occupancy to begin Q3 2025
MacKenzie Realty Capital, Inc.
- Aurora at Green Valley development on schedule; first residential building occupancy begins Q3 2025, remaining two by year-end.
- Only 23% of budgeted contingencies used; total project forecast showing minimal overruns.
- Construction loan draw expected next month after $12.5M cash equity fully invested; lender Valley Strong Credit Union.
- Market occupancy for similar projects at 95%; rents recovered to within 3% of 2023 peak after slight pullback.
- Sunrise Center clubhouse delivered 45 days before first units; pre-leasing to start from nearby office.