Welcome to our dedicated page for Mackenzie Realty SEC filings (Ticker: MKZR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
MacKenzie Realty Capital, Inc. (MKZR) files a range of documents with the U.S. Securities and Exchange Commission as a Maryland real estate investment trust focused on income-producing real estate properties. This SEC filings page brings together those regulatory reports and pairs them with AI-powered summaries to help explain their contents in clear language.
Current reports on Form 8-K for MacKenzie Realty Capital, Inc. have covered topics such as the announcement of financial results for fiscal years and quarters, the initiation of a strategic review of its multi-family portfolio, and the creation of a wholly owned subsidiary, MacKenzie Apartment Communities, Inc., to which the company contributed its multi-family properties and a development project. Other 8-K filings describe letters mailed to Series A, B and C preferred stockholders and press releases about tender offers involving real estate investment trusts.
Proxy statements on Schedule 14A provide detail on the company’s annual meeting of stockholders, including proposals to elect directors and to ratify the selection of Baker Tilly US, LLP as the independent registered public accounting firm for specified fiscal years. These filings explain voting procedures, record dates, quorum requirements and how proxies may be authorized or revoked.
On this page, AI-generated highlights can help users interpret key sections of MacKenzie Realty Capital, Inc.’s filings, such as descriptions of real estate investment activities, subsidiary formation, strategic portfolio reviews and governance matters. Real-time updates from EDGAR allow investors to see new 8-Ks, proxy materials and other reports as they are filed, while AI summaries provide an accessible starting point before reading the full documents.
MacKenzie Realty Capital, Inc. entered into a Note Purchase Agreement with Streeterville Capital for secured promissory notes with an aggregate principal amount of up to $1,095,000, receiving initial cash funding of $1,000,000 after original issue discount and expenses.
The Secured Note is backed by a first-position security interest over assets of subsidiary MRC QRS, Inc. and a stock pledge of MRC QRS common stock, with MRC QRS also providing a guaranty of the obligations. The note features a one-time Monitoring Fee if still outstanding after 90 days and escalating payment obligations starting at monthly interest-only payments and later $91,250 plus interest.
Trigger Events and Events of Default can increase the outstanding balance by up to 15% for Major Trigger Events and 5% for Minor Trigger Events (each capped at three applications), and may accelerate the debt with default interest up to 22% per annum. The company used the loan to purchase approximately $1,000,000 of CNL Healthcare Properties, Inc. shares at $4.55 per share, which management highlights as attractive given expected merger consideration of about $6.90 per share.
MacKenzie Realty Capital, Inc. CEO and President Robert E. Dixon reported an open-market purchase of 5,000 shares of MacKenzie Realty Capital Inc. Common Stock at $3.64 per share. Following this transaction, he directly owns 44,241 shares. Additional indirect holdings are reported as 86,855 shares held by MacKenzie Real Estate Advisers, LP and 5,569 shares held by MPF Successors, LP, where Dixon has interests but disclaims beneficial ownership except to the extent of his pecuniary interest.
MacKenzie Realty Capital, Inc. reported continued losses for the quarter and six months ended December 31, 2025 as it invests in a West Coast-focused real estate portfolio. Rental, reimbursement and other property income fell to $4.59 million for the quarter and $9.13 million for six months, down from $8.03 million and $12.98 million a year earlier as prior-period lease income and an impairment charge distorted comparisons.
Total operating expenses were $9.30 million for the quarter and $17.33 million for six months, compared with $12.59 million and $24.98 million in the prior-year periods, reflecting the absence of a $9.50 million impairment recorded last year. Net loss attributable to common stockholders was $5.51 million for the quarter and $9.59 million for six months, versus $5.28 million and $13.42 million a year earlier, with basic and diluted net loss per share of $5.34 for the six-month period after a 1‑for‑10 reverse stock split.
At December 31, 2025, total assets were $238.05 million, including $215.27 million of real estate assets, net, funded largely by $129.91 million of mortgage notes payable and total liabilities of $152.02 million. Total equity was $86.03 million, split between $51.81 million attributable to stockholders and $34.22 million to non‑controlling interests.
Operating cash flow was negative $3.59 million for the six months, while investing activities used $6.21 million, primarily for real estate investments. Financing activities provided $10.50 million, driven by new mortgage borrowing, preferred and common stock issuance and a registered offering with concurrent private placement, resulting in a net increase in cash, cash equivalents and restricted cash to $4.82 million. The company completed a 1‑for‑10 reverse stock split, listed its common stock on Nasdaq and continued to raise capital through preferred stock programs, an at‑the‑market facility, and a February 2025 registered direct offering with associated warrants as it builds a diversified portfolio of multifamily and office properties in California and Georgia.
MacKenzie Realty Capital, Inc. entered into a new secured promissory note for $1,635,000 with Streeterville Capital, LLC under an existing Note Purchase Agreement that allows up to $3,270,000 of notes. This new instrument, called Secured Note #3, follows an earlier $545,000 secured note issued on August 1, 2025, and together the two notes are considered material to the company.
Both Secured Note #2 and Secured Note #3 mature 18 months after the Investor delivers the respective purchase price and carry original issue discounts of $45,000 and $135,000, respectively. The company used the proceeds from these notes to purchase non-traded REIT securities through a tender offer, effectively financing this investment activity with secured debt.
MacKenzie Realty Capital, Inc. filed a current report describing communications with its preferred stockholders and recent dividend action. Around January 15, 2026, the company plans to mail letters to holders of its Series A, Series B and Series C preferred shares, with the full text of these letters provided as attached exhibits.
The Board of Directors has approved regular dividends for the quarter ending March 31, 2026 for all three preferred series. The information related to these communications is furnished under Regulation FD and is not treated as filed for liability purposes. The company also notes that any statements about matters such as the timing of dividend payments are forward-looking and subject to risks described in its prior SEC reports.
MacKenzie Realty Capital, Inc. entered into an amendment to its Equity Distribution Agreement with Maxim Group LLC for its at-the-market offering program. Under this program, the company may sell up to $20,000,000 of common stock from time to time under its effective shelf registration statement on Form S-3. The amendment updates the termination provisions so the agreement now ends upon the earlier of completion of all covered share sales, termination by either party on 15 days’ written notice, or July 15, 2027. The report also clarifies that it does not itself constitute an offer to sell or a solicitation to buy the common shares.
MacKenzie Realty Capital, Inc. created a new wholly owned subsidiary, MacKenzie Apartment Communities, Inc. (MAC), and contributed all of its multi-family properties and a development project to MAC in exchange for 1,852,481 MAC shares, matching MKZR’s outstanding shares on a 1:1 basis. The MAC Board approved an estimated net asset value of $18.10 per MAC common share on a fully diluted basis as of January 1, 2026, using a net asset value method based on third-party appraisals and internal estimates.
The real estate appraisal firm primarily used discounted cash flow and market approaches to value four properties as of March 31, 2025, while the newly constructed Aurora at Green Valley property was valued using total construction cost of $28.63 million, including MKZR’s $1.6 million land purchase. The filing stresses that the $18.10 per share estimate is not a trading price, liquidation value, or offer, and may differ significantly from future market values or transaction prices.
MacKenzie Realty Capital, Inc. reported that it has begun a strategic review of its multi-family real estate portfolio with the stated goal of enhancing shareholder value. The company announced this review through a press release dated December 12, 2025, which is furnished as an exhibit and not deemed filed for liability purposes under securities laws. The communication includes standard cautionary language that forward-looking statements, including expectations about financial health and future growth prospects, are subject to risks discussed in the company’s periodic SEC reports.
MacKenzie Realty Capital, Inc. (MKZR) CEO and President Robert Dixon reported open-market purchases of the company’s common stock. On 11/21/2025, he bought 1,862 shares at a price of $4.00 per share, and on 11/24/2025, he bought another 2,084 shares at $4.05 per share. Following these transactions, he directly owns 36,241 shares of MacKenzie Realty Capital common stock.
The filing also lists indirect holdings of 86,855 shares through MacKenzie Real Estate Advisers, LP and 5,569 shares through MPF Successors, LP. The reporting person could be deemed to beneficially own those indirect shares but expressly disclaims beneficial ownership beyond his economic interest in those entities.
MacKenzie Realty Capital, Inc. (MKZR) filed a current report to announce that it has released financial results for the quarter ended September 30, 2025. The results themselves are provided in a separate press release that is attached as an exhibit and incorporated by reference for informational purposes.
The company is using a Regulation FD disclosure, which means it is sharing this information publicly to ensure all investors have equal access. The press release is furnished rather than filed, so it is not automatically subject to certain liability provisions and is not automatically incorporated into other securities law filings unless specifically referenced. The report also includes standard cautionary language about forward-looking statements, noting that future performance may differ from current expectations and directing readers to the company’s risk factor disclosures in its annual and quarterly reports.