MacKenzie Realty Capital, Inc. Announces initiation of tender offer for Starwood REIT
July 29 2024 - 2:19PM
MacKenzie Realty Capital, Inc. (OTCQX: MKZR) (“MacKenzie” or the
“Company”) is announcing that it has today, together with its
affiliates, launched a tender offer to purchase up to 700,000 Class
S Shares of Starwood Real Estate Income Trust (“Starwood”) for
$17.50 per Share, an approximate 24% discount to Starwood’s
estimated net asset value of $22.94 as of May 31, 2024. If
successful in purchasing all such Shares, MacKenzie would be
investing over $12 million in Starwood at an attractive discount to
its net asset value.
U.S. investors can find current financial disclosures and
Real-Time Level 2 quotes for the company on
www.otcmarkets.com/stock/MKZR/quote.
For more information, please contact MacKenzie
at (800) 854-8357.
This material does not constitute an offer to
sell or a solicitation of an offer to buy securities of MacKenzie
Realty Capital, Inc. The Purchasers are offering to purchase
for cash up to 700,000 Class S Shares of Starwood Real Estate
Income Trust (“Shares”) at a price of $17.50 per Share, upon the
terms set forth in Purchasers’ Offer to Purchase and in the related
Assignment Form, which you should read, available at
www.mackenziecapital.com/tenders/SREIT.pdf, or by calling or
writing us for a free copy.
Statements in this Current Report on Form 8-K,
including intentions, beliefs, expectations, or projections
relating to items such as the timing of payment of dividends are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such statements are
based on current expectations and assumptions with respect to,
among other things, future economic, competitive and market
conditions and future business decisions that may prove incorrect
or inaccurate. Important factors that could cause actual results to
differ materially from those in the forward-looking statements
include the risks described in the “Risk Factors” section of the
Company’s Annual Report on Form 10-K for the year ended June 30,
2021, as amended, and its other filings with the Securities and
Exchange Commission. This release does not constitute an offer to
purchase or sell Mackenzie securities; only the Offering Circular
should be relied upon for any investment decision. No money or
consideration is being solicited by the information in this letter
or any other communication and, if sent, money will not be accepted
and will be promptly returned. A potential investor’s indication of
interest does not create a commitment to purchase the securities we
are offering. Any such indication of interest may be withdrawn or
revoked, without obligation or commitment of any kind, at any time
before notice of its acceptance is given and all other requirements
to accept an investment from a potential investor are met. A copy
of the Offering Circular may be obtained on the SEC’s
website:https://www.sec.gov/Archives/edgar/data/1550913/000155091323000037/offeringcircular111423.htm.
89 Davis Road, Suite 100 • Orinda, California
94563 • Toll-Free (800) 854-8357 • Local (925) 631-9100 •
www.mackenzierealty.com
CONTACTChris
Simpson800-854-8357investors@mackenziecapital.com