Latest news with #RobertDixon
Yahoo
13-06-2025
- Business
- Yahoo
MacKenzie Realty Capital Secures $3 Million Loan for Non-Traded REIT Shares
ORINDA, Calif., June 13, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (Nasdaq: MKZR) ('MacKenzie' or the 'Company') today announced the closing of a $3 million loan agreement with an institutional investor for the purchase of non-traded REIT shares. Robert Dixon, CEO and President of MacKenzie Realty Capital, said, "Purchasing non-traded REIT shares has been a business strategy that we have utilized for many years which is profitable, strengthens our balance sheet, and increases our cash flow. In 2024 an affiliate of the Company offered to purchase up to 700,000 Class S Shares of Starwood REIT for $17.50 per share. That deal represented an approximate 24% discount to Starwood's then estimated net asset value of $22.94. Our affiliate purchased over $2 million. Last month, the Company conducted another tender offer for Starwood REIT at $15.30 per share and purchased approximately $1 million, which is being funded by this new loan agreement.' 'This $3 million facility provides us the flexibility to continue to invest by purchasing non-traded REITs. I am grateful for the understanding of this investment strategy and support we are receiving from the institutional investor,' concluded Mr. Dixon. About MacKenzie Realty Capital, Inc. MacKenzie, founded in 2013, is a West Coast-focused REIT that intends to invest at least 80% of its total assets in real property, and up to a maximum of 20% of its total assets in illiquid real estate securities. We intend for the real property portfolio to be approximately 50% multifamily and 50% boutique class A office. The Company has paid a dividend every year since inception. The current portfolio includes interests in 4 multifamily properties and 8 office properties plus 2 multifamily developments. For more information, please contact MacKenzie at (800) 854-8357. Please visit our website at: Forward-Looking StatementsThis press release may contain 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, including, among others, our ability to remain financially healthy, and our expected future growth prospects. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as 'anticipate,' 'estimate,' 'believe,' 'continue,' 'could,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'should,' 'will,' 'expect,' 'objective,' 'projection,' 'forecast,' 'goal,' 'guidance,' 'outlook,' 'effort,' 'target,' 'trajectory,' 'focus,' 'work to,' 'attempt,' 'pursue,' or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. For a further discussion of factors that could cause our future results, performance, or transactions to differ significantly from those expressed in any forward-looking statement, please see the section titled 'Risk Factors' in annual reports on Form 10-K and quarterly reports on Form 10-Q that we file with the Securities and Exchange Commission from time to time. 89 Davis Road, Suite 100 • Orinda, California 94563 • Toll-Free (800) 854-8357 • Local (925) 631-9100 • IR CONTACTAndrew Barwicki516-662-9461andrew@ produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Washington Post
12-06-2025
- Washington Post
Deputy U.S. marshal shoots man near convention center in downtown D.C.
A deputy U.S. marshal shot a man Thursday morning near the Walter E. Washington Convention Center in downtown D.C., authorities said. The man, who police did not publicly identify, was seriously wounded and undergoing surgery Thursday afternoon, authorities said. The deputy was unharmed, according to Robert 'Tony' Dixon, chief of the U.S. Marshals Service in D.C. Superior Court. The shooting occurred around 10 a.m. at Seventh and L streets NW. The on-duty deputy fired at the man after he 'perceived a threat,' Dixon said, adding that the deputy is a veteran member of the Marshals Service. Authorities declined to comment further on what led to the gunfire, saying an investigation was in its early stages. 'We do not know all of the specifics as it relates to what predicated the encounter, but we do know that the United States marshal perceived a threat, during which gunfire was exchanged,' Dixon said. 'The details are unknown, but the perception was that there was a threat and he responded accordingly.' An employee at a nearby Compass Coffee location said he was walking south, past Pearl's Bagels, when he heard eight to ten gunshots behind him. He said the shots were aimed at a black SUV, which was later towed. The shooting sparked a large police presence outside the convention center and street closures in the surrounding area, but roads reopened just after 1 p.m. D.C. Police Chief Pamela A. Smith called the shooting an 'isolated incident' that was not related to any events being held in the District this weekend, including a large U.S. Army parade scheduled for Saturday.
Yahoo
11-06-2025
- Business
- Yahoo
MacKenzie Realty Capital Completes The Refinancing of Loan for the Main Street West Property
ORINDA, Calif., June 11, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (Nasdaq: MKZR) ('MacKenzie' or the 'Company') is pleased to announce the successful refinancing of the Main Street West property in Napa, CA. The refinancing was completed with EverTrust Bank for approximately $9.5 million, a term for 3 years with a current interest rate of 7.5% (Prime). The Main Street West property is 40,000 square feet with retail and professional suites located at 1250 Main Street in downtown Napa. Robert Dixon, CEO and President of MacKenzie Realty Capital, said, "Despite many challenges in the current commercial real estate financing market, we continue to see lender appetite for well-located properties in solid markets. These complex transactions highlight the importance of long-term trusted lending relationships. EverTrust's deep in-house knowledge in structuring commercial real estate financing facilities has enabled us to close on a term sheet and underscores our proactive approach to managing our balance sheet and our dedication to driving long-term growth.' About MacKenzie Realty Capital, founded in 2013, is a West Coast-focused REIT that intends to invest at least 80% of its total assets in real property, and up to a maximum of 20% of its total assets in illiquid real estate securities. We intend for the real property portfolio to be approximately 50% multifamily and 50% boutique class A office. The Company has paid a dividend every year since inception. The current portfolio includes interests in 4 multifamily properties and 8 office properties plus 2 multifamily developments. For more information, please contact MacKenzie at (800) 854-8357. Please visit our website at: IR CONTACTAndrew Barwicki516-662-9461andrew@ Forward-Looking StatementsThis press release may contain 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, including, among others, our ability to remain financially healthy, and our expected future growth prospects. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as 'anticipate,' 'estimate,' 'believe,' 'continue,' 'could,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'should,' 'will,' 'expect,' 'objective,' 'projection,' 'forecast,' 'goal,' 'guidance,' 'outlook,' 'effort,' 'target,' 'trajectory,' 'focus,' 'work to,' 'attempt,' 'pursue,' or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. For a further discussion of factors that could cause our future results, performance, or transactions to differ significantly from those expressed in any forward-looking statement, please see the section titled 'Risk Factors' in annual reports on Form 10-K and quarterly reports on Form 10-Q that we file with the Securities and Exchange Commission from time to time. 89 Davis Road, Suite 100 • Orinda, California 94563 • Toll-Free (800) 854-8357 • Local (925) 631-9100 • in to access your portfolio
Western Telegraph
22-04-2025
- General
- Western Telegraph
Son recalls witnessing dad's tragic Pembrokeshire cliff fall
Robert Dixon, 48, was on a weekend climbing break when he fell 40 feet from cliffs near Tenby. The head injuries he suffered were too severe for him to survive. The fast response to the incident by Tenby's inshore lifeboat is a vivid memory of Matthew's from that day, 25 years ago, 'I still recall that they were undertaking CPR as they sped away to the hospital to give him the best chance of survival,' he said. Robert Dixon was an experienced climber. (Image: Matthew Dixon) In gratitude for the lifeboat's role, and to honour his dad, Matthew, who lives in Sale, Manchester is now concluding a five-year fundraiser for the RNLI when he runs the London Marathon this Sunday, April 27. He has already raised nearly £8,000 towards his £10,000 target for the charity through his JustGiving appeal. The D Class lifeboat has served the RNLI's inshore fleet for many years. (Image: Gareth Davies Photography) The tragic accident happened at Beck's Point to the west of Tenby, on the August Bank Holiday weekend, 2000. Matthew, then living in Stockport, was with his dad's climbing group from the Innominata Mountain Club and they were on their final climb after an 'incredible time climbing and coasteering'. He recalled: 'Sadly, my dad had an accident where part of the cliff face he was attached to came away and he fell onto the rocks and sea below. 'Brave efforts were made by those in attendance and the RNLI were fast to respond on a D Class Lifeboat 'Sadly, despite the efforts of all those in attendance and the RNLI. the injuries sustained to my father were too severe and he passed away.' Inheriting his love of the outdoors from his dad, in 2020, Matthew embarked on a sporting fundraiser in aid of the RNLI to mark 20 years since the accident. He completed the National Three Peaks, Yorkshire Three Peaks, the Great North Swim and the Pembrokeshire Coastal Path. The Pembrokeshire Coast Path fundraiser concluded at Tenby Lifeboat Station. (Image: Matthew Dixon) He added: 'However, sadly due to the pandemic, the London Marathon 2020 was cancelled and it has taken until now to secure a place. 'I will now - five years later - be completing the London Marathon in April to finally conclude all of the challenges I originally set out doing and hopefully meet my target before sending to the RNLI.' Tenby Lifeboats RNLI is urging its supporters to visit Matthew's JustGiving page, linked above. Reminding people that the marathon is the culmination of five years of challenges, they added: "Good luck Matt and thanks very much.'
Yahoo
26-02-2025
- Business
- Yahoo
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. Westwind Residences is a waterfront property located in downtown Suisun City, California. As previously reported, MacKenzie has two other developments in Solano County, including the 74-unit Aurora at Green Valley, which is proceeding under budget and ahead of schedule and is set to deliver its first units this summer. MacKenzie's second multi-family development, Blue Ridge at Suisun Valley, is entitled for 84 units, and we intend to break ground in late 2025. 'Westwind Residences will be our largest development to-date, and the highest profile, with its waterfront location right in downtown Suisun City' stated Robert Dixon, president of Mackenzie. 'It is a couple of blocks away from our property at One Harbor Center, the premier office location in Suisun City. We believe Solano County, and Suisun City in particular, is poised for extraordinary growth in the near future, with its location near Travis Airforce Base and multiple planned developments, including many that have been in the news lately.' Further, Chip Patterson, MacKenzie's Chairman noted that 'We are excited about multifamily projects in California. For example, our Southern California multi-family project, Hillview Hollywood, has 96% of its units currently occupied, and we have received a loan commitment for a refinancing that is scheduled to close in about 3 weeks, which will bring our interest rate down from 10% to about 5.8% at today's rates.' About MacKenzie Realty Capital, Inc. MacKenzie, founded in 2013, is a West Coast-focused REIT that intends to invest at least 80% of its total assets in real property, and up to a maximum of 20% of its total assets in illiquid real estate securities. We intend for the real property portfolio to be approximately 50% multifamily and 50% boutique class A office. The Company has paid a dividend every year since inception. The current portfolio includes interests in 4 multifamily properties and 8 office properties plus 2 multifamily developments. For more information, please contact MacKenzie at (800) 854-8357. Please visit our website at: Forward-Looking StatementsThis press release may contain 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, including, among others, our ability to remain financially healthy, and our expected future growth prospects. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as 'anticipate,' 'estimate,' 'believe,' 'continue,' 'could,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'should,' 'will,' 'expect,' 'objective,' 'projection,' 'forecast,' 'goal,' 'guidance,' 'outlook,' 'effort,' 'target,' 'trajectory,' 'focus,' 'work to,' 'attempt,' 'pursue,' or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. For a further discussion of factors that could cause our future results, performance, or transactions to differ significantly from those expressed in any forward-looking statement, please see the section titled 'Risk Factors' in annual reports on Form 10-K and quarterly reports on Form 10-Q that we file with the Securities and Exchange Commission from time to time. 89 Davis Road, Suite 100 • Orinda, California 94563 • Toll-Free (800) 854-8357 • Local (925) 631-9100 • IR CONTACTAndrew Barwicki516-662-9461andrew@ in to access your portfolio
