Real Estate News

MacKenzie Realty Capital Announces Letter of Intent to Purchase Waterfront Property in Suisun

ORINDA, Calif., Feb. 26, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (Nasdaq: MKZR) (“MacKenzie” or the “Company”) announced that it signed a nonbinding letter of intent to expand its multi-family portfolio in Solano County, California, with a waterfront development property located adjacent to the Solano Yacht Club (“Westwind Residences”), a 5.73 acre parcel on which the Company hopes to develop 81 multi-family apartment units and 7 townhomes.

Sun Communities Reports 2024 Fourth Quarter and Full Year Results; Provides 2025 Guidance

Net Income / (Loss) per Diluted Share of $(1.77) and $0.71 for the Quarter and Full Year

Core FFO per Share of $1.41 and $6.81 for the Quarter and Full Year

North America Same Property NOI increased by 5.7% for the Quarter and 4.1% for the Full Year of 2024 versus corresponding 2023 Periods

North America Same Property Adjusted Blended Occupancy for MH and RV of 99.0% represents a 160 basis point year-over-year increase

Expecting North American Same Property NOI Growth of 4.3% - 5.6%

Expecting UK Same Property NOI Growth of 0.9% - 2.9%

Southfield, Michigan, Feb.

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