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MacKenzie Realty Forms Apartment Subsidiary, Sets Initial NAV

Story Highlights
  • MacKenzie Realty Capital formed MAC as a wholly owned multifamily-focused subsidiary, transferring all relevant assets as of January 1, 2026.
  • MAC’s board set an initial NAV of $18.10 per share on January 8, 2026, noting a broader valuation range and significant limitations on that estimate.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
MacKenzie Realty Forms Apartment Subsidiary, Sets Initial NAV

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An announcement from MacKenzie Realty Capital, Inc. ( (MKZR) ) is now available.

On January 1, 2026, MacKenzie Realty Capital, Inc. contributed all of its multifamily assets and a development project to a new, wholly owned subsidiary, MacKenzie Apartment Communities, Inc., establishing MAC as a stand-alone vehicle focused on developing and owning West Coast multifamily properties while remaining entirely owned by MacKenzie. As of January 8, 2026, MAC’s board set an initial estimated net asset value of $18.10 per share, based on March 31, 2025 appraisals of four stabilized properties and construction cost for the newly built Aurora at Green Valley, with a disclosed valuation range of roughly $16.46 to $19.95 per share, while emphasizing that this NAV is a point-in-time estimate subject to market shifts and may differ from any eventual trading or transaction prices, leaving MacKenzie shareholders with potential optionality over future capital-raising or structural moves involving the new subsidiary.

The most recent analyst rating on (MKZR) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on MacKenzie Realty Capital, Inc. stock, see the MKZR Stock Forecast page.

Spark’s Take on MKZR Stock

According to Spark, TipRanks’ AI Analyst, MKZR is a Neutral.

MacKenzie Realty Capital, Inc. faces significant financial challenges, with high leverage and negative profitability metrics weighing heavily on its score. However, positive corporate events and a high dividend yield provide some support. The stock’s technical indicators suggest a bearish trend, further impacting the overall score.

To see Spark’s full report on MKZR stock, click here.

More about MacKenzie Realty Capital, Inc.

MacKenzie Realty Capital, Inc., founded in 2013, is a West Coast–focused real estate investment trust that intends to invest at least 80% of its total assets in real property and up to 20% in illiquid real estate securities, aiming for a portfolio split of roughly 50% multifamily and 50% boutique Class A office assets. Its current holdings include interests in eight office properties and full ownership of its multifamily subsidiary, MacKenzie Apartment Communities, Inc., which holds five multifamily properties and one multifamily development project.

Average Trading Volume: 45,444

Technical Sentiment Signal: Sell

Current Market Cap: $8.29M

For an in-depth examination of MKZR stock, go to TipRanks’ Overview page.

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