The Orinda-based firm targets a significant return on CNL Healthcare Properties shares ahead of an expected merger with SNDA.

March 9, 2026

MacKenzie Realty Capital, Inc., a Nasdaq-listed real estate investment trust based in Orinda, California, announced on March 6, 2026, that it has closed an additional one million dollar loan with Streeterville Capital, a division of Chicago Venture Partners. The funding is earmarked for the purchase of non-traded REIT shares, a longstanding company strategy designed to drive profitability, strengthen the balance sheet, and boost cash flow.

A Timely Acquisition

Using the loan proceeds, MacKenzie acquired approximately one million dollars worth of shares in CNL Healthcare Properties, Inc. at $4.55 per share. The timing appears strategic: CNL Healthcare Properties is expected to complete a merger with SNDA later this month, with shares projected to receive consideration of approximately $6.90 per share. If the deal closes as anticipated, the investment would yield a substantial gain for MacKenzie. CEO and President Robert Dixon described the transaction as a clear win for the company.

Company Overview

Founded in 2013, MacKenzie Realty Capital is a West Coast-focused REIT that allocates at least 80 percent of its total assets to real property, with up to 20 percent directed toward illiquid real estate securities, including non-traded REIT shares. The firm targets a roughly even split in its real property holdings between multifamily residential assets and boutique Class A office space.

MacKenzie currently holds interests in eight office properties and fully owns its multifamily subsidiary, MacKenzie Apartment Communities, Inc., which manages five multifamily properties and one multifamily development project.

Strategic Outlook

This latest financing arrangement highlights MacKenzie’s ongoing commitment to identifying undervalued non-traded REIT shares and capitalizing on anticipated liquidity events such as mergers. The expected spread between the purchase price and projected merger consideration in the CNL Healthcare Properties transaction illustrates the potential upside of this approach for the company and its shareholders.