MacKenzie Capital Management LP affiliates launched a second unsolicited mini-tender offer to acquire up to 1.0 million common shares of Corporate Property Associates 17 - Global Inc., this time at $8.71 apiece, less cash distributions paid by the nontraded real estate investment trust after Sept. 24.

Corporate Property Associates 17, which agreed in June to be acquired by diversified REIT W. P. Carey Inc., said it once again does not endorse or recommend MacKenzie Capital's unsolicited offer.

The proposed merger is expected to close Oct. 31, subject to stockholder approval, among other conditions.