ORINDA, Calif., Oct. 13, 2025 (GLOBE NEWSWIRE) -- MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) ("MacKenzie" or the "Company") announced the launch of a tender offer to purchase up to 150,000 Class S shares of Starwood Real Estate Income Trust, Inc. ("Starwood") for $16.25 per share, an approximate 22% discount to Starwood's estimated net asset value of $20.76 as of August 31, 2025.

Starwood is a non-traded real estate investment trust, and its share redemption program is oversubscribed. The share redemption program only redeemed approximately 4% of each stockholder's repurchase requests in June, July, and August 2025. Thus, shareholders are not able to effectively redeem their shares via repurchase from Starwood unless they own less than $2,500. Our offer gives Starwood shareholders the opportunity to get out of all shares quickly rather than taking many years at the current rate. 

If MacKenzie and its affiliates are successful in purchasing 150,000 shares of Starwood, they will have invested $2.438 million for shares that Starwood estimates are worth $3.114 million. This represents a potential $676,500 gross profit if that estimated value is realized in the future. MacKenzie and its affiliates purchased over $3 million in Starwood shares in their February 2025 and July 2024 tender offers at $15.30 and $17.50 per share, respectively, and they have been submitted for redemption. Starwood redeemed approximately 6,750 shares owned by us and our affiliates in September 2025 at $20.76, greater than a 30% return in less than a year on the most tender price (or a ...