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An announcement from MacKenzie Realty Capital, Inc. ( (MKZR) ) is now available.
On February 28, 2025, MacKenzie Realty Capital, Inc. announced a securities purchase agreement with an institutional investor, involving a registered direct offering and a concurrent private placement, expected to close on March 3, 2025. The offering, priced at $1.71 per share, is anticipated to generate approximately $4.8 million in gross proceeds, which MacKenzie plans to use for capital expenditures, strategic payments, and general corporate purposes, potentially impacting its financial positioning and growth strategy.
More about MacKenzie Realty Capital, Inc.
MacKenzie Realty Capital, Inc., founded in 2013, is a West Coast-focused Real Estate Investment Trust (REIT) that invests primarily in commercial and residential assets, as well as illiquid real estate securities. The company’s portfolio includes multifamily and boutique class A office properties, and it has consistently paid dividends since its inception.
YTD Price Performance: -2.21%
Average Trading Volume: 141,374
Current Market Cap: $23.85M
See more insights into MKZR stock on TipRanks’ Stock Analysis page.