MacKenzie Realty Capital completes NHP tender offer, sees $1.2M gain

MacKenzie Realty Capital announced the completion of a tender offer to purchase over $1,000,000 in shares of National Healthcare Properties, Inc. (NHP) at $7.27 per share, increasing the offer to 300,000 shares. The company has already begun purchasing approximately 140,000 shares, resulting in an unrealized gain of over $1,200,000 based on NHP's current market price. Additionally, its development Aurora at Green Valley is 100% leased with NOI ahead of projections, and its subsidiary, Mackenzie Apartment Communities, declared its first dividend of $0.045 per share to MacKenzie.