other material
confidence high
sentiment neutral
materiality 0.65
MKZR creates multi-family subsidiary MAC with $18.10/share NAV; spin-off, merger or capital raise possible
MacKenzie Realty Capital, Inc.
- Contributed all multi-family properties + development to wholly owned subsidiary MAC for 1,852,481 shares (1:1 with MKZR).
- MAC Board approved estimated NAV of $18.10 per share as of Jan 1, 2026 (appraisal range $16.46-$19.95).
- Portfolio includes 4 stabilized properties and Aurora at Green Valley (construction cost $28.63M).
- CEO Dixon outlines options: raise multi-family capital, merge with another REIT, or spin-off MAC shares to MKZR holders.
- MAC has a clean balance sheet and is focused on West Coast multi-family; 100% owned by MKZR.