MacKenzie Realty announces letter of intent to purchase property in Suisun

MacKenzie Realty (MKZR) Capital announced that it signed a nonbinding letter of intent to expand its multi-family portfolio in Solano County, California, with a waterfront development property located adjacent to the Solano Yacht Club, a 5.73 acre parcel on which the Company hopes to develop 81 multi-family apartment units and 7 townhomes. Westwind Residences is a waterfront property located in downtown Suisun City, California. As previously reported, MacKenzie has two other developments in Solano County, including the 74-unit Aurora at Green Valley, which is proceeding under budget and ahead of schedule and is set to deliver its first units this summer. MacKenzie’s second multi-family development, Blue Ridge at Suisun Valley, is entitled for 84 units, and we intend to break ground in late 2025.