---
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"
generated_at: "2026-05-16T11:59:15.629827+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# MacKenzie Realty amends advisory agreement: new base fee 1.25% of AUM, bonus fee 5% of AFFO

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001550913-25-000170
- JSON: https://secwatch.observer/filing/0001550913-25-000170.json
- Plain text: https://secwatch.observer/filing/0001550913-25-000170.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.