other material
confidence high
sentiment positive
materiality 0.60
MacKenzie Realty Capital launches tender offer for 150,000 Starwood shares at $15.30, 30% discount to NAV
MacKenzie Realty Capital, Inc.
- Offer: up to 150,000 Starwood Class S shares at $15.30/share, 30% discount to $21.84 NAV (Nov 30, 2024).
- MacKenzie previously purchased Starwood shares at $17.50 in Aug 2024; those submitted for redemption.
- Starwood's redemption program oversubscribed: only ~4% of December requests fulfilled.
- Potential gross profit of $981,000 if NAV realized, on $2.295M investment.
- Offer details available at www.mackenziecapital.com/tenders/SREIT.pdf