An Unknown Buyer acquired Property of Dimensions28 property from MacKenzie Realty Capital, Inc. for $46.8 millio.
January 26, 2023
Share
An Unknown Buyer acquired Property of Dimensions28 property from MacKenzie Realty Capital, Inc. (OTCPK:MKZR) for $46.8 million on January 23, 2023. MacKenzie has received an initial liquidating distribution in the amount of $21 million from Dimensions28 and expects to receive any remaining reserves later this year. MacKenzie Realty is purchasing the remaining partnership interest in the Main Street West property, which is expect to complete on February 1, 2023. MacKenzie Realty also completed the purchase of the remaining partnership interest in Woodland Corporate Center Two, LP on January 3, 2023. MacKenzie Realty will now have completed the purchase of 4 of the Wiseman properties.
An Unknown Buyer completed the acquisition of Dimensions28 property from Mackenzie Realty Capital, Inc. on January 23, 2023.
MacKenzie Realty Capital, Inc. is an externally managed non-diversified real estate investment trust (REIT). The Companyâs objective is to generate both current income and capital appreciation through real estate-related investments. The Company intends to invest at least 80% of its total assets in equity or debt in real estate assets. It can also invest up to 20% of its total assets in investment securities of real estate companies. It also owns and manages five commercial real estate properties: Satellite Place in Duluth, GA, 1300 Main, First & Main and Main Street West in Napa, CA, and Woodland Corporate Center Two in Woodland, CA and four residential apartments: Commodore Apartments and The Park View, located in Oakland, California, the Hollywood Property located in Los Angeles, California, and the Shoreline Apartments in Concord, California. The Company, through MacKenzie Realty Operating Partnership, LP (the Operating Partnership), acquires and operates real estate assets.
MACKENZIE REALTY CAPITAL, INC. 
