MacKenzie Realty shares surge 21.12% after-hours after creating standalone apartment unit with $18.10 NAV and strategic options.

MacKenzie Realty Capital surged 21.12% in after-hours trading following the announcement of creating MacKenzie Apartment Communities, Inc. (MAC) as a stand-alone entity focused on West Coast multi-family properties. The move, effective January 1, 2026, transferred four stabilized properties and a development project to MAC, with the board establishing an initial NAV of $18.10 per share. The strategic reorganization, highlighted by CEO Robert Dixon, introduced options to raise capital, merge with a multi-family REIT, or spin off MAC shares, signaling growth potential and operational flexibility. The stock’s sharp rise reflects investor optimism over MAC’s clean balance sheet, tailwinds in the multifamily sector, and the company’s alignment of asset value with market capitalization through the strategic review.