[Form 4] MacKenzie Realty Capital, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Reporting person: Jeri Ruth Bluth, Chief Compliance Officer and director. The filing discloses multiple open-market purchases of MacKenzie Realty Capital, Inc. (MKZR) common stock on 10/02/2025 and 10/03/2025

The record shows five purchase transactions totaling 15,000 shares at prices ranging from $5.00 to $5.10, increasing the amount beneficially owned by entities through which the filer has an interest to 86,855 shares. The filer states these shares were acquired by two entities, MacKenzie Real Estate Advisers, LP and MPF Successors, LP, and disclaims direct beneficial ownership except to the extent of her pecuniary interest.

Insights

Corporate Governance Expert

Insider purchases strengthen executive alignment with shareholders.

The reporting officer completed multiple purchases on 10/02/2025 and 10/03/2025

These purchases increased affiliated entities' holdings to 86,855 shares, which can signal confidence from an executive perspective; the filer clarifies ownership is indirect through partnerships and disclaims full beneficial ownership beyond pecuniary interest. Watch near-term filings for any additional scheduled acquisitions or plan-based purchases.

Equity Trading Expert

Small, staggered purchases at near-identical prices indicate routine accumulation.

The transactions total 15,000 shares executed across five trades at per-share prices between $5.00 and $5.10, consistent with programmatic or opportunistic buying in the open market. Because the reporting person holds interests via two limited partnerships, the purchases are recorded as indirect ownership increases rather than direct acquisitions.

Short-term implications are limited given the modest absolute size; monitor future Section 16 filings for further incremental buys or any shift to direct ownership reporting.

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

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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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bluth Jeri Ruth

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Compliance Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/02/2025

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

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	10/02/2025		P		4,000	A	$5.1	75,855	I	By MacKenzie Real Estate Advisers, LP(1)
MacKenzie Realty Capital Inc. Common Stock	10/02/2025		P		4,000	A	$5.05	79,855	I	By MacKenzie Real Estate Advisers, LP(1)
MacKenzie Realty Capital Inc. Common Stock	10/02/2025		P		4,000	A	$5	83,855	I	By MacKenzie Real Estate Advisers, LP(1)
MacKenzie Realty Capital Inc. Common Stock	10/02/2025		P		2,000	A	$5.09	85,855	I	By MacKenzie Real Estate Advisers, LP(1)
MacKenzie Realty Capital Inc. Common Stock	10/03/2025		P		1,000	A	$5.1	86,855	I	By MacKenzie Real Estate Advisers, LP(1)
MacKenzie Realty Capital Inc. Common Stock								5,569	I	By MPF Successors, LP(2)

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. 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.

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

	Jeri Bluth	10/06/2025
	** Signature of Reporting Person	Date
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