MacKenzie Realty Capital: Director Amends Form 4 to Report Stock Purchase

Rhea-AI Filing Summary

Charles E. Patterson II, a director and General Counsel/Secretary of MacKenzie Realty Capital, Inc. (MKZR), filed an amended Form 4 reporting a purchase of common stock. The amended filing corrects an original reporting error and shows 21,012 shares purchased on 08/14/2025 at a weighted average price of $4.84 per share (individual trades ranged from $4.75 to $4.91). After the reported purchase, the filing states the reporting person beneficially owns 56,709 shares, held indirectly through MacKenzie Real Estate Advisers, LP, in which the filer has an interest and for which he disclaims beneficial ownership except to the extent of his pecuniary interest. The filer supplied an explanation correcting the previously reported 20,012-share figure and offered to provide transaction-level details on request.

Positive

• Insider purchase of 21,012 shares reported, indicating management acquired shares at a weighted average price of $4.84.
• Correction of prior error: the amendment fixes an originally misstated amount (previously reported as 20,012).
• Transparency offered: filer commits to provide detailed per-trade quantities and prices within the disclosed range upon request.

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider amended a Form 4 to report a 21,012-share purchase at ~$4.84, increasing indirect holdings to 56,709 shares.

The amendment corrects an earlier numeric error and discloses that purchases occurred across multiple trades priced between $4.75 and $4.91. The shares are reported as indirectly owned via MacKenzie Real Estate Advisers, LP, with the filer disclaiming direct beneficial ownership beyond his pecuniary interest. For investors, this is a routine insider purchase disclosure clarifying prior misreporting; the filing does not provide additional material operational or financial information about the issuer.

Corporate Governance Expert

TL;DR: The filing is a corrective disclosure of insider acquisition and clarifies ownership structure through an adviser vehicle.

The Form 4/A documents proper disclosure practice by amending an earlier report and offering to provide granular trade information to regulators or the company. It also reiterates the common structure where holdings are reported indirectly through an adviser partnership. There are no governance actions, leadership changes, or other corporate events disclosed in this filing.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

PATTERSON CHARLES E. II

(Last) (First) (Middle)

89 DAVIS ROAD STE 100

(Street)

ORINDA CA 94563

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MacKenzie Realty Capital, Inc. [ MKZR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Counsel/Secretary

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
08/15/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
MacKenzie Realty Capital Inc. Common Stock	08/14/2025		P		21,012(1)	A	$4.84(2)	56,709	I	By MacKenzie Real Estate Advisers, LP(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Original amount of securities reported as 20,012 in error.

2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.75 to $4.91, inclusive. The reporting person undertakes to provide to MacKenzie Realty Capital, Inc. (MKZR), any security holder of MKZR, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote 1 to this Form 4.

3. MacKenzie Real Estate Advisers, LP ("MREA") acquired shares of MacKenzie Realty Capital, Inc. ("MRC"). The filer owns an interest in MREA and therefore could be deemed to beneficially own the MRC shares acquired by MREA, but disclaims beneficial ownership of the securities referred to herein except to the extent of the filer's pecuniary interest in such securities.

	/s/ Jeri Bluth, as attorney-in-fact for Charles E. Patterson II	09/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What transaction did Charles E. Patterson II report on the Form 4/A for MKZR?

The filer reported purchasing 21,012 shares of MacKenzie Realty Capital, Inc. common stock on 08/14/2025 at a weighted average price of $4.84 per share.

How many MKZR shares does the reporting person beneficially own after the transaction?

The filing states 56,709 shares are beneficially owned following the reported transaction, held indirectly through MacKenzie Real Estate Advisers, LP.

Why was this Form 4 amended (Form 4/A)?

The amendment corrects an original reporting error where the reported purchase amount was misstated as 20,012 shares; the amended amount is 21,012 shares.

What price range did the purchased MKZR shares trade at?

The filing indicates the shares were purchased in multiple transactions at prices ranging from $4.75 to $4.91, and the $4.84 figure is the weighted average.

Does the filer claim direct beneficial ownership of the shares held by the adviser?

No. The filer states the shares were acquired by MacKenzie Real Estate Advisers, LP and disclaims beneficial ownership