MacKenzie Realty Capital, Inc. filings document the disclosure record of a Maryland real estate investment trust with an income-producing real estate property segment. The company’s SEC reports cover operating and financial results, preferred-stockholder communications, regular dividend approvals for Series A, Series B and Series C preferred shares, and portfolio matters involving multifamily assets and non-traded REIT securities.
Material-event filings describe capital-structure and financing activity, including shelf registration and at-the-market common-stock offering arrangements, secured promissory notes, stock pledge and security agreements, and guarantees involving its qualified REIT subsidiary, MRC QRS, Inc. The filing record also includes governance, shareholder voting, risk-factor, and Regulation FD disclosures.
MacKenzie Realty Capital, Inc. (MKZR) asks stockholders at its November 16, 2026 annual meeting to elect four directors and ratify Baker Tilly US, LLP as independent registered public accounting firm for the fiscal year ending June 30, 2027. The nominees are Tim Dozois, Tom Frame, Kjerstin Hatch and Charles “Chip” Patterson.
At the September 29, 2026 record date, 2,774,688 common shares were outstanding, each carrying one vote; quorum requires at least one-third of votes entitled to be cast. Effective January 1, 2026, the advisory agreement replaced the prior asset management, acquisition and subordinated incentive fees with a monthly Base Management Fee of 1.25% of AUM and a quarterly Bonus Management Fee of 5% of prior-quarter AFFO. From January 1 through June 30, 2026, the advisers earned $1,611,895 in Base Management Fees and $26,876 in Bonus Management Fees. The company also reports an affiliate line of credit with a $10,000,000 maximum principal balance, 10% annual interest and a 2% origination fee on each draw; its maturity was extended through December 31, 2027.
MacKenzie Realty Capital, Inc. (MKZR) suspended its Dividend Reinvestment Program (DRIP) for the current preferred-dividend cycle. The dividend payable to holders of record as of September 30, 2026 will be paid entirely in cash, including to holders who elected reinvestment. The company also temporarily suspended its preferred-share repurchase program to better respond to strategic alternatives that may be brought by financial advisor Maxim Group LLC. It said common stock issued in exchange for preferred shares had resulted in additional selling pressure that the Board believed would make negotiating a potential strategic transaction more difficult.
For the quarter ending December 31, 2026, the Board approved monthly dividend rates of $0.125 for Series A, $0.0625 for Series B, and $0.1875 for Series C preferred shares. Payments will be made during January 2027 to holders of record as of October 31, 2026, November 30, 2026, and December 31, 2026. MKZR intends to resume DRIP participation for currently enrolled holders in the next regular dividend cycle after the SEC qualifies the amended Offering Circular.
MacKenzie Realty Capital, Inc. (MKZR) reported results for the fiscal year ended June 30, 2026: net revenues were $20.01 million, down 9% from $22.06 million in FY2025. Net operating loss was $15.61 million, a 33% decrease from $23.46 million, and net loss was $14.13 million, a 41% decrease from $23.97 million. CEO and President Robert Dixon attributed the revenue decline primarily to approximately $3.0 million of lease termination income recognized in FY2025.
The board temporarily suspended the Preferred Share Repurchase Program while reviewing strategic alternatives brought by financial advisor Maxim Group LLC. The company said issuing common stock in exchange for preferred shares has resulted in additional selling pressure on its common stock, which the board believes would make negotiations of a potential strategic transaction more difficult. The board expects to reassess the program in due course; the company said it cannot assure that a strategic transaction will result. The release cites reverse takeovers as an example of a strategic transaction.
MacKenzie Realty Capital, Inc. (MKZR) reported rental, reimbursements and other property income of $20,007,414 for the year ended June 30, 2026, compared with $22,059,843 in fiscal 2025. Net loss attributable to common stockholders was $19,105,908, versus $27,336,880; net cash used in operating activities was $3,309,228, versus $1,690,102.
Effective January 1, 2026, MKZR contributed five multifamily residential properties and its Blue Ridge development project to newly formed MacKenzie Apartment Communities, Inc. (MAC) for 1,906,580 MAC shares. MKZR remained MAC’s sole shareholder as of June 30, 2026. Blue Ridge is expected to consist of 84 multifamily units, with entitlement ongoing; commercial real estate investments remained in the Operating Partnership. At June 30, 2026, total assets were $235,289,800, cash and cash equivalents were $3,517,313, and mortgage notes payable, net, were $131,867,757.
The amended agreement with the Real Estate Adviser sets a 1.25% annual base management fee on gross assets under management, excluding depreciation and amortization, plus a 5% quarterly bonus based on adjusted funds from operations.
MacKenzie Realty Capital, Inc. insider Robert E. Dixon filed an amended beneficial ownership report reflecting his holdings in the company’s common stock. As of August 4, 2026, he is reported to beneficially own 246,665 shares of common stock, representing approximately 8.89% of the 2,774,688 shares outstanding. This includes 54,241 shares held directly and additional shares held through entities in which he has a pecuniary interest and may share voting and investment power, including MPF Successors, LP, MacKenzie Real Estate Advisers, LP, and Berniece Patterson Legacy Trust. Berniece Patterson Legacy Trust required $53,395.47 to purchase 33,400 shares on August 7 and August 10, 2026.
MacKenzie Realty Capital, Inc. CEO/President Robert E. Dixon reported indirect open-market purchases of common stock through Berniece Patterson Legacy Trust. The trust bought 10,000 shares at a weighted average $1.59 on August 7, 2026 and 23,400 shares at a weighted average $1.60 on August 10, 2026, at per-share prices within disclosed ranges. Dixon is a beneficiary of the trust and disclaims beneficial ownership except to the extent of his pecuniary interest. He also reports indirect holdings of 86,855 shares via MacKenzie Real Estate Advisers, LP and 5,569 shares via MPF Successors, LP, plus 54,241 shares held directly.
MacKenzie Realty Capital, Inc. reported that entities associated with Treasurer Glen W. Fuller purchased additional common stock. On August 7, 2026, Berniece Patterson Legacy Trust bought 10,000 shares at a weighted average price of $1.59 per share, and on August 10, 2026 it bought 23,400 shares at a weighted average price of $1.60 per share, in multiple open‑market or private transactions within the stated price ranges. Fuller is a beneficiary or interest holder in the involved entities and could be deemed to beneficially own these shares, but disclaims beneficial ownership except to the extent of his pecuniary interest.
MacKenzie Realty Capital, Inc. director and General Counsel/Secretary Charles E. Patterson II reported indirect open-market purchases of common stock. On August 10, 2026, a trust associated with him bought 23,400 shares at a weighted average price of $1.60 per share, and on August 7, 2026 it bought 10,000 shares at a weighted average price of $1.59 per share. Footnotes state the shares were acquired by Berniece Patterson Legacy Trust, with Patterson disclaiming beneficial ownership except for his pecuniary interest. Additional indirect holdings are reported through MacKenzie Real Estate Advisers, LP and MPF Successors, LP.
Robert E. Dixon filed Amendment No. 3 to a Schedule 13D reporting beneficial ownership of 213,265 shares of MacKenzie Realty Capital, Inc. common stock, representing 7.69% of the 2,774,688 shares outstanding as of August 4, 2026.
He holds 54,241 shares (1.95%) with sole voting and dispositive power and may be deemed to share voting and investment power over an additional 159,024 shares held through MPF Successors, LP, MacKenzie Real Estate Advisers, LP, and Berniece Patterson Legacy Trust. Berniece Patterson Legacy Trust used $87,774.79 to purchase its shares, and Dixon expressly disclaims beneficial ownership of the partnership and trust holdings beyond any pecuniary interest.
MacKenzie Realty Capital, Inc. CEO/President Robert E. Dixon reported indirect purchase transactions totaling 66,600 common shares through Berniece Patterson Legacy Trust on July 31 and August 3, 2026, at weighted-average prices of $1.41 and $1.20 per share within disclosed price ranges.
The report also lists indirect positions of 86,855 shares via MacKenzie Real Estate Advisers, LP and 5,569 shares via MPF Successors, LP, plus 54,241 shares held directly; Dixon may be deemed to beneficially own these securities but disclaims beneficial ownership beyond his pecuniary interest.