4/A: MKZR Chief Portfolio Manager Amends Share Purchase

MacKenzie Realty Capital's Chief Portfolio Manager, Christine Simpson, amended a Form 4 filing to correct the number of shares acquired indirectly.

Summary

• Christine Simpson, Chief Portfolio Manager of MacKenzie Realty Capital, Inc. (MKZR), filed an amendment to her Statement of Changes in Beneficial Ownership.
• The amendment corrected an error in the original filing, changing the reported acquisition from 20,012 shares to 21,012 shares.
• The shares were acquired on August 14, 2025, at a weighted average price of $4.84 per share, with prices ranging from $4.75 to $4.91.
• Following this transaction, Ms. Simpson beneficially owns 56,709 shares indirectly through MacKenzie Real Estate Advisers, LP (MREA).

Sentiment

Score: 7

Explanation: The filing indicates an insider purchase by a key executive, which is generally a positive signal of confidence in the company's valuation and future prospects. The amendment corrected a minor error, increasing the reported shares acquired, which further reinforces the positive sentiment.

Positives

• An insider, the Chief Portfolio Manager, increased her beneficial ownership in the company, which can signal confidence in future performance.
• The acquisition of 21,012 shares at an average price of $4.84 demonstrates a direct investment by a key executive.

Negatives

• The initial error in reporting the number of shares acquired (20,012 instead of 21,012) required an amendment, indicating a minor administrative oversight.

Management Comments

• 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.
• 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.

Industry Context

Insider buying, especially by a Chief Portfolio Manager, can be seen as a positive signal within the real estate investment trust (REIT) sector, suggesting management's belief in the company's valuation or future prospects.

Comparison to Industry Standards

• Insider buying activity is a common indicator tracked by investors across all industries, including REITs. While specific comparable companies or projects are not mentioned, a significant purchase by a key executive like a Chief Portfolio Manager is generally viewed more favorably than a similar purchase by a less central figure.
• The price range of $4.75 to $4.91 for the shares acquired would be compared by investors to the prevailing market price of MKZR common stock and the company's net asset value (NAV) per share, which are standard metrics for evaluating REITs.

Related Party Transactions

• The shares were acquired indirectly by MacKenzie Real Estate Advisers, LP (MREA), in which the filer, Christine Simpson, owns an interest. This constitutes a related party transaction as the acquisition is through an entity connected to the reporting person.

Stakeholder Impact

• Shareholders may view the insider purchase as a positive signal, potentially increasing confidence in the stock.

Key Dates

Recommendation

The Chief Portfolio Manager, a key insider with deep knowledge of the company's assets and strategy, increased her beneficial ownership by acquiring a significant number of shares. This insider buying at an average price of $4.84, especially after correcting an initial underreporting, signals strong confidence in the company's current valuation and future performance. Such a move by a central executive often precedes positive developments or indicates a belief that the stock is undervalued, making it a compelling "buy" signal for seasoned investors.

Keywords

MacKenzie Realty Capital, MKZR, Insider Trading, Form 4/A, Christine Simpson, Chief Portfolio Manager, Share Acquisition, Beneficial Ownership, Real Estate Investment Trust