MacKenzie Realty Capital Inc. will purchase 109,990.3625 shares of Summit Healthcare REIT Inc. common stock following the expiration of its tender offer.
The tender offer, launched by MacKenzie, was for up to 900,000 shares in the seniors housing-focused real estate investment trust at $1.42 apiece.
After the shares are purchased, MacKenzie will own an aggregate of roughly 1,282,780 shares, or about 5.57% of Summit's outstanding capital stock.
