v3.26.3
Schedule III - Real Estate Properties and Accumulated Depreciation
 12 Months Ended
Jun. 30, 2026
Schedule III - Real Estate Properties and Accumulated Depreciation [Abstract]  
Schedule III - Real Estate Properties and Accumulated Depreciation
MacKenzie Realty Capital, Inc.
Schedule III- Real Estate Properties and Accumulated Depreciation
June 30, 2026

 
  
 
        
Initial Costs (A)
    
Subsequent Adjustments (B)
                    
Property:
  
Acquisition Date
  
Encumbrances at
June 30, 2026
    
Land
    
Building &
Improvements
    
Land
    
Building &
Improvements
    
Accumulated
Impairment
    
Gross Amount Carried at
June 30, 2026
    
Accumulated
Depreciation
  
 
  
 
                                                
Commodore Apartments
  
March 5, 2021
  
$
6,725,997
    
$
5,519,963
    
$
7,488,715
    
$
-
    
$
296,653
    
$
-
    
$
13,305,331
    
$
(1,391,476
)
The Park View Apartments
  
March 5, 2021
    
8,373,180
      
4,317,013
      
11,751,249
      
-
      
300,908
      
-
      
16,369,170
      
(1,813,486
)
Hollywood Apartments
  
October 4, 2021
    
11,051,695
      
8,704,577
      
10,957,891
      
-
      
3,301,755
      
-
      
22,964,223
      
(2,519,633
)
Shoreline Apartments
  
May 16, 2022
    
17,619,171
      
7,559,390
      
20,124,777
      
-
      
705,524
      
-
      
28,389,691
      
(3,350,690
)
Satellite Place Office Building
  
June 1, 2022
    
5,773,643
      
2,966,129
      
10,716,785
      
-
      
(335,855
)
    
-
      
13,347,059
      
(2,066,849
)
Aurora at Green Valley
  
May 6, 2022
    
17,139,795
      
3,050,000
      
-
      
54,066
      
27,080,342
      
-
      
30,184,408
      
(860,874
)
First & Main Office Building
  
July 23, 2022
    
11,946,286
      
966,315
      
16,916,966
      
-
      
438,214
      
-
      
18,321,495
      
(1,776,716
)
1300 Main Office Building
  
October 1, 2022
    
7,785,980
      
805,575
      
14,534,693
      
-
      
114,862
      
-
      
15,455,130
      
(1,342,586
)
Main Street West Office Building
  
February 1, 2023
    
9,186,281
      
1,433,698
      
24,990,793
      
-
      
1,408,445
      
(9,403,608
)
    
18,429,328
      
(2,222,070
)
220 Campus Lane Office Building
  
September 1, 2023
    
2,044,119
      
1,357,288
      
1,269,710
      
-
      
413,044
      
-
      
3,040,042
      
(110,335
)
Campus Lane Land
  
September 1, 2023
    
1,100,192
      
1,503,758
      
-
      
28,236
      
777,590
      
-
      
2,309,584
      
-
  
Green Valley Executive Center
  
January 1, 2024
    
12,333,146
      
1,352,865
      
20,166,824
      
-
      
169,545
      
-
      
21,689,234
      
(1,894,051
)
One Harbor Center
  
May 1, 2024
    
7,387,309
      
1,364,866
      
13,184,962
      
-
      
177,804
      
-
      
14,727,632
      
(1,560,136
)
Green Valley Medical Center
  
August 1, 2024
    
7,660,973
      
1,582,517
      
11,292,732
      
-
      
213,563
      
-
      
13,088,812
      
(1,056,178
)
 
  
  
  
$
126,127,767
    
$
42,483,954
    
$
163,396,097
    
$
82,302
    
$
35,062,394
    
$
(9,403,608
)
  
$
231,621,139
    
$
(21,965,080
)
Property held for sale:
  
 
                                                                
Woodland Corporate Center
  
January 3, 2023
  
$
5,739,990
    
$
1,840,468
    
$
9,728,066
    
$
-
    
$
601,407
    
$
(1,687,783
)
  
$
10,482,158
    
$
(1,066,212
)

(A) The initial cost to the Company represents the original purchase price of the investment property.
(B) Subsequent adjustments to basis include partial dispositions and costs capitalized subsequent to acquisitions.

A summary of activity for real estate and accumulated depreciation for the years ended June 30, 2026 and 2025:

 
        
Year Ended June 30,
  
Real Estate
        
2026
    
2025
  
Balance at the beginning of the year
        
$
237,577,153
    
$
214,246,049
  
Additions- acquisitions
          
6,213,927
      
32,734,712
  
Impairment loss
          
-
      
(9,403,608
)
Impairment loss on assets held for sale
      

   
(1,687,783
)
    
-
  
Reclassified to assets held for sale
            
(10,482,158
)
    
-
  
Balance at the end of the year
          
$
231,621,139
    
$
237,577,153
  
 
                        
Accumulated Depreciation
                        
Balance at the beginning of the year
          
$
17,929,075
    
$
10,026,646
  
Depreciation expense
            
7,239,178
      
7,902,429
  
Disposals
            
(2,136,961
)
    
-
  
Reclassified to assets held for sale
            
(1,066,212
)
    
-
  
Balance at end of the year
          
$
21,965,080
    
$
17,929,075