Mackenzie Realty Capital Inc. has announced the creation of MacKenzie Apartment Communities, Inc. $(MAC)$ as a stand-alone company effective January 1, 2026. All of Mackenzie Realty's multi-family assets and development properties have been transferred to MAC, which is currently wholly owned by Mackenzie Realty. The new entity is focused on developing and owning multi-family properties on the West Coast. The company is considering several strategic options for MAC, including raising capital specifically for multi-family assets, merging with another REIT, or spinning off MAC shares to Mackenzie Realty shareholders on a 1:1 basis. The initial net asset value of MAC has been set at $18.10 per share, based on recent appraisals and construction costs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mackenzie Realty Capital Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9622656) on January 08, 2026, and is solely responsible for the information contained therein.