MacKenzie Realty Capital, Inc. is a Maryland incorporated real estate investment trust that focuses on acquiring real estate assets and, to a lesser extent, illiquid or non traded debt and equity securities issued by U. S. companies that own commercial real estate. The company is externally managed by MacKenzie Capital Management LP and its affiliates which handle acquisition, disposition and advisory activities. MacKenzie Realty Capital, Inc. commenced operations in…
MacKenzie Realty Capital, Inc. is a Maryland incorporated real estate investment trust that focuses on acquiring real estate assets and, to a lesser extent, illiquid or non traded debt and equity securities issued by U. S. companies that own commercial real estate. The company is externally managed by MacKenzie Capital Management LP and its affiliates which handle acquisition, disposition and advisory activities. MacKenzie Realty Capital, Inc. commenced operations in February 2013 and elected REIT status under the Internal Revenue Code.
The company generates revenue primarily from rental income generated by its portfolio of residential and commercial properties. It also earns interest income and dividend distributions from its investments in debt and equity securities of real estate related entities. Revenue may include gains from the sale of properties or securities.
MacKenzie Realty Capital, Inc. positions itself as a niche REIT that pursues value add and invest to own strategies targeting mid market properties in the western United States. The external management platform provides expertise and enables the company to act quickly in off market transactions. The company competes with other non traded REITs and private real estate funds that focus on similar value added opportunities. Its competitive advantages include the external management platform, a long standing network of real estate partners and a focus on acquiring assets at a discount to estimated intrinsic value.
The company serves residential tenants living in its apartment communities and commercial tenants occupying its office buildings. Its rental base includes individuals and businesses seeking leased space in the properties it owns.
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Sector: Real Estate Industry: REIT - Diversified CIK: 0001550913