MacKenzie Realty Capital Announces Letter of Intent to Purchase Waterfront Property in Suisun
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MacKenzie Realty Capital, Inc. (Nasdaq: MKZR) has signed a nonbinding letter of intent to purchase a waterfront property in Suisun, California, aiming to develop 81 multi-family apartment units and 7 townhomes.
February 26, 2025 | 2:15 pm
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MacKenzie Realty Capital has signed a nonbinding letter of intent to acquire a waterfront property in Suisun, California, for developing 81 apartments and 7 townhomes, potentially expanding its multi-family portfolio.
The acquisition of a new property for development indicates growth and expansion in MacKenzie's portfolio, which is likely to be viewed positively by investors. The nonbinding nature of the letter of intent suggests some uncertainty, but the potential for portfolio expansion is a positive indicator.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100