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The latest announcement is out from MacKenzie Realty Capital, Inc. ( (MKZR) ).
On March 25, 2025, MacKenzie Realty Capital, Inc. entered into a Forbearance Agreement with First Northern Bank of Dixon to address the maturity default of its Main Street West office building property loan. This agreement includes a forbearance payment and aims to prevent foreclosure, securing the property’s future as the Napa Innovation Center. Additionally, MacKenzie completed a refinancing of its Hollywood property, replacing a high-interest construction loan with a lower-rate CMBS loan, significantly boosting cash flow. These strategic financial moves underscore MacKenzie’s commitment to maintaining and enhancing its property portfolio, benefiting stakeholders by stabilizing and potentially increasing returns.
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 real property, with a portfolio split between multifamily and boutique class A office properties. The company has consistently paid dividends since its inception and currently holds interests in multiple multifamily and office properties, as well as developments.
YTD Price Performance: -14.36%
Average Trading Volume: 134,153
Current Market Cap: $24.29M
See more insights into MKZR stock on TipRanks’ Stock Analysis page.