MacKenzie Realty shares rise 12.59% premarket after creating MacKenzie Apartment Communities with $18.10 NAV.

MacKenzie Realty Capital surged 12.59% in premarket trading following the announcement of creating MacKenzie Apartment Communities, Inc. (MAC), a standalone entity to consolidate its West Coast-focused multi-family assets and development projects. The move, effective January 1, 2026, includes four stabilized properties and one development, with an initial NAV set at $18.10 per share. The company highlighted strategic options for MAC, including potential capital raises, mergers with other REITs, or a spin-off to shareholders, signaling flexibility to enhance value. The reorganization aligns with a broader strategic review of its portfolio and a revised fee structure under its advisory agreement, which investors interpreted as steps to address a perceived undervaluation. The CEO’s optimistic remarks and the clear path for asset-specific growth further fueled investor enthusiasm, directly correlating with the sharp premarket price increase.