MacKenzie Realty Capital Completes $10 Million Equity Raise for Aurora at Green Valley Development

On February 13, 2025, MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) disclosed the successful finalization of a $10 million equity raise for its Aurora at Green Valley development project. The company issued a press release containing this and other pertinent information regarding the transaction.

According to the 8-K filing, the press release shared with the public is attached as Exhibit 99.1 to the Current Report on Form 8-K. MacKenzie Realty Capital emphasized that the release, outlining the completion of the equity raise, must not be considered “filed” for purposes of Section 18 of the Securities Exchange Act of 1934. The company stated that the information in the press release would not be integrated by reference into any filing or document per the Securities Act of 1933 unless explicitly specified in such materials.

The company underscored that divulging the press release does not imply the material significance of the enclosed details. MacKenzie Realty Capital clarified that the data presented is a summarized version intended to be contemplated along with the extensive information included in their filings with the U.S. Securities and Exchange Commission (SEC) and any public announcements made by the company. Additionally, MacKenzie Realty Capital declared its disinclination to update or amend the information within the press release, yet left room for possible revisions deemed suitable by management over time.

In adherence to forwarding-looking statements, MacKenzie Realty Capital cautioned that its Form 8-K might consist of projections within the range of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company highlighted its optimism regarding future financial health and growth prospects.

With no indication of being an emerging growth company, MacKenzie Realty Capital did not employ the extended transition period for aligning with contemporary financial accounting standards. The company confirmed its commitment to strategic growth and financial integrity through prudent forward-looking endeavors as specified in the 8-K filing.

The Form 8-K rounded off with details about financial statements and exhibits, featuring Exhibit 99.1 as the press release issued on February 13, 2025, along with a Cover Page Interactive Data File embedded within the Inline XBRL document.

For further updates and developments regarding MacKenzie Realty Capital’s financial undertakings, investors are encouraged to refer to the company’s subsequent filings with the SEC and public disclosures to stay abreast of their ongoing operations and ventures.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read MacKenzie Realty Capital’s 8K filing here.

MacKenzie Realty Capital Company Profile

MacKenzie Realty Capital Inc is a REIT which focused on investing in multifamily housing and office real estate properties located principally in the United States. MacKenzie Realty Capital Inc is based in ORINDA, Calif.