{"schema_version":"secwatch.filing_event.v1","accession":"0001550913-25-000170","form_type":"8-K","ticker":"MKZR","cik":"0001550913","company_name":"MacKenzie Realty Capital, Inc.","filed_at":"2025-12-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.712707+00:00","generated_at":"2026-05-16T11:59:15.629827+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"MacKenzie Realty amends advisory agreement: new base fee 1.25% of AUM, bonus fee 5% of AFFO","bullets":["Base Management Fee set at 1.25% of gross AUM (excl. depreciation/amortization), paid monthly.","Bonus Management Fee replaces subordinated incentive fee and acquisition fees; equals 5% of quarterly AFFO.","Adviser will no longer receive Acquisition Fees, Debt Financing Fees, or Disposition Fees.","Agreement runs for five years from Jan 1, 2026, with annual renewal option; non-renewal triggers termination fee.","If company elects to terminate early (not for cause), termination fee equals 3x trailing 12-month fees."],"urls":{"canonical":"https://secwatch.observer/filing/0001550913-25-000170","json":"https://secwatch.observer/filing/0001550913-25-000170.json","markdown":"https://secwatch.observer/filing/0001550913-25-000170.md","text":"https://secwatch.observer/filing/0001550913-25-000170.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1550913/000155091325000170/0001550913-25-000170-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1550913/000155091325000170/mrc8k12302025.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T11:59:15.629827+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}