other material
confidence high
sentiment positive
materiality 0.60
MacKenzie launches Starwood REIT tender offer at $16.25/share; adviser buys more MKZR shares
MacKenzie Realty Capital, Inc.
- Tender offer to purchase up to 150,000 Class S shares of Starwood REIT at $16.25/share, a 22% discount to NAV of $20.76.
- MacKenzie and affiliates have purchased over $3M in Starwood shares previously; recent redemption yielded >30% return.
- Adviser acquired 15,000 MKZR shares, now owns >7% of outstanding common stock.
- Aurora at Green Valley multifamily development 36% leased; AFFO profitability improved 84% annually.