24/7 Market News Snapshot 24 February, 2025 – MacKenzie Realty Capital, Inc. Common Stock (NASDAQ:MKZR)

February 24, 2025

DENVER, Colo., 24 February, 2025 (247marketnews.com) – (Nasdaq:MKZR) are discussed in this article.
MacKenzie Realty Capital, Inc. (Nasdaq:MKZR) has initiated a tender offer to acquire up to 150,000 Class S shares of Starwood Real Estate Income Trust, Inc. at a price of $15.30 per share. This tender price represents approximately a 30% discount compared to Starwood’s estimated net asset value of $21.84 as of November 30, 2024. The offer comes in response to overwhelming demand for redemptions from Starwood’s recently oversubscribed share redemption program, where only about 4% of repurchase requests were satisfied in December 2024. This situation has hindered many shareholders, especially those with holdings valued under $500, from redeeming their shares effectively.

MacKenzie’s offer provides a timely opportunity for shareholders to exit their investments without enduring a protracted waiting period. Should the tender offer reach its maximum, MacKenzie will invest approximately $2.295 million to acquire shares that are valued around $3.276 million, suggesting a potential gross profit of $981,000 and illustrating the company’s focused investment strategy.

Additionally, MKZR opened trading at $2.38 today but has since fallen to $2.075, reflecting a decline of 7.51% from its original price. This drop follows a prior close of $1.93, indicating a volatile trading environment. Current trading volume stands at 505.43K, highlighting active investor participation possibly fueled by speculation or responses to the tender announcement. Analysts are advised to monitor key support levels around $2.00 and resistance near $2.40 as the situation develops. MacKenzie Realty Capital, established in 2013, continues to pursue a diversified investment approach, focusing primarily on multifamily properties and prime class A office spaces, reinforcing its commitment to strategic and value-driven opportunities in the market.

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