MacKenzie Realty Capital completes successful tender offer; MacKenzie Apartment Communities declares first dividend

Rhea-AI Summary

MacKenzie Realty Capital (Nasdaq: MKZR) announced it is under contract to purchase over $1 million of National Healthcare Properties (NHP) shares via a tender offer at $7.27 per share, increasing its offer size from 150,000 to 300,000 shares. The company has begun purchasing approximately 140,000 NHP shares and intends to finance the transaction with an additional loan from Streeterville Capital on terms similar to prior notes.

According to MacKenzie, based on NHP’s recent free-trading price of $16.08, the position reflects an unrealized gain of over $1.2 million, which could be realized when shares become freely tradable in October, assuming prices hold. The Aurora at Green Valley development is now 100% leased with NOI ahead of projections. Subsidiary MacKenzie Apartment Communities declared and paid its first dividend to MKZR of $0.045 per share for the quarter ended June 30, 2026.

Positive

• NHP tender offer expanded from 150,000 to 300,000 shares
• Over $1 million in NHP shares under contract at $7.27 per share
• Implied unrealized gain over $1.2 million based on NHP at $16.08
• Aurora at Green Valley 100% leased with NOI ahead of projections
• MacKenzie Apartment Communities paid $0.045 per share dividend to MKZR for Q2 2026
• Company reported first quarterly FFO profitability in several years in May

Negative

• None.

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ORINDA, Calif., July 29, 2026 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (Nasdaq: MKZR) (“MacKenzie” or the “Company”) today announced that it is under contract to purchase over $1,000,000 in shares of National Healthcare Properties, Inc. (“NHP”) in a tender offer at $7.27 per share. MacKenzie intends to finance this purchase with an additional loan agreement with Streeterville Capital, a division of Chicago Venture Partners within the coming weeks, under terms similar to previous such notes. MacKenzie’s tender offer (with its affiliates) for NHP has been so successful that it increased the number of shares it was offering to purchase from 150,000 shares to 300,000.

Robert Dixon, CEO and President of MacKenzie Realty Capital, said, "Purchasing non-traded REIT shares has been a business strategy that we have utilized for many years which is profitable, strengthens our balance sheet, and increases our cash flow. With this loan, the Company has begun the purchase of approximately $1,000,000 of National Healthcare Properties, Inc. (“NHP”), purchasing approximately 140,000 shares at an offer price of $7.27 per share. Free-trading shares of NHP closed yesterday at $16.08 per share, and as a result the Company has an unrealized gain of over $1,200,000 which can be realized when our NHP shares become freely tradeable in October, assuming the stock price remains at this level. We see this as a nice win for the Company.”

Separately, the Company’s recently completed development, Aurora at Green Valley, is now 100% leased, and NOI is ahead of projections. Robert Dixon said “After reporting our first quarterly FFO profitability in several years back in May, we are pleased to be able to continue the upward trend, with contributions not only from the NHP tender offer but also the recently stabilized Aurora at Green Valley.”

Additionally, the Company’s wholly owned subsidiary, Mackenzie Apartment Communities, Inc. declared and paid its first dividend to MKZR in the amount of $0.045 per share for the quarter ending June 30, 2026.

About MacKenzie Realty Capital, Inc. 
MacKenzie, founded in 2013, is a West Coast-focused REIT that intends to invest at least 80% of its total assets in real property, and up to a maximum of 20% of its total assets in illiquid real estate securities. We intend for the real property portfolio to be approximately 50% multifamily and 50% boutique class A office. The current portfolio includes interests 8 office properties plus 100% ownership of its multifamily subsidiary, MacKenzie Apartment Communities, Inc., which has 5 multifamily properties and one multifamily development project.

For more information, please contact MacKenzie at (800) 854-8357. Please visit our website at: http://www.mackenzierealty.com

Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, among others, our ability to remain financially healthy, and our expected future growth prospects. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as “anticipate,” “estimate,” “believe,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “should,” “will,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” “trajectory,” “focus,” “work to,” “attempt,” “pursue,” or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. For a further discussion of factors that could cause our future results, performance, or transactions to differ significantly from those expressed in any forward-looking statement, please see the section titled “Risk Factors” in annual reports on Form 10-K and quarterly reports on Form 10-Q that we file with the Securities and Exchange Commission from time to time.

89 Davis Road, Suite 100 • Orinda, California 94563 • Toll-Free (800) 854-8357 • Local (925) 631-9100 • www.mackenzierealty.com

FAQ

What did MacKenzie Realty Capital (MKZR) announce about its NHP tender offer on July 29, 2026?

MacKenzie Realty Capital announced it is under contract to buy over $1 million of National Healthcare Properties shares at $7.27 per share. According to MacKenzie, the tender offer size was increased from 150,000 to 300,000 shares after strong participation.

How large is MacKenzie Realty Capital’s potential unrealized gain from NHP shares?

MacKenzie reports an implied unrealized gain of over $1.2 million on its NHP position. According to MacKenzie, this is based on NHP free-trading shares closing at $16.08 versus its tender price of $7.27, assuming prices remain at that level.

How is MacKenzie Realty Capital (MKZR) financing its NHP tender offer?

MacKenzie intends to finance the NHP tender offer with an additional loan agreement from Streeterville Capital. According to MacKenzie, this new financing is expected within weeks and is planned to be on terms similar to its previous Streeterville notes.

What update did MacKenzie Realty Capital give on the Aurora at Green Valley property?

Aurora at Green Valley, MacKenzie’s recent development, is now 100% leased. According to MacKenzie, net operating income (NOI) from this property is running ahead of projections and supports the positive trend following its first quarterly FFO profitability reported in May.

What dividend did MacKenzie Apartment Communities pay to MacKenzie Realty Capital (MKZR)?

MacKenzie Apartment Communities declared and paid a $0.045 per share dividend to MKZR for the quarter ending June 30, 2026. According to MacKenzie, this is the subsidiary’s first dividend paid up to the parent company.

How does the NHP tender offer affect MacKenzie Realty Capital’s portfolio strategy?

The NHP tender offer continues MacKenzie’s strategy of purchasing non-traded REIT shares it views as profitable. According to MacKenzie, this approach is intended to strengthen its balance sheet and increase cash flow alongside its multifamily and office real estate holdings.