secwatch.observer — SEC 8-K summary
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Issuer:     MacKenzie Realty Capital, Inc. (MKZR)
CIK:        0001550913
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0001550913-25-000028
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MacKenzie Realty Capital provides Aurora at Green Valley update; occupancy to begin Q3 2025
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1550913/000155091325000028/0001550913-25-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1550913/000155091325000028/mrc8k012225.htm
  HTML page:      https://secwatch.observer/filing/0001550913-25-000028

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