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Schedule III - Real Estate Properties and Accumulated Depreciation
 12 Months Ended
Jun. 30, 2021
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, 2021
 

       
Initial Costs
  
Subsequent Acquisition
  
Gross Amount Carried at
    
Property:
 
Acquisition Date
 
Encumbrances at
June 30, 2021
  
Land
  
Building &
Improvements
  
Land
  
Building &
Improvements
  
June 30, 2021
  
Accumulated Depreciation
 
                        
Addison Corporate Center
 
December 31, 2020 *
 
$
23,568,330
  
$
6,456,615
  
$
19,108,041
  
$
-
  
$
-
  
$
25,564,656
  
$
(914,064
)
Commodore Apartment Building
 
March 5, 2021
  
6,737,500
   
5,519,963
   
7,488,715
   
-
   
-
   
13,008,678
   
(83,937
)
Pon Do Leo Apartment Building
 
March 5, 2021
  
8,387,500
   
4,317,013
   
11,751,249
   
-
   
-
   
16,068,262
   
(109,465
)
     
$
38,693,330
  
$
16,293,591
  
$
38,348,005
  
$
-
  
$
-
  
$
54,641,596
  
$
(1,107,466
)

*Date the Company consolidated the underlying entity that owns the property

A summary of activity for real estate and accumulated depreciation for the year ended June 30, 2021. The Company did not own any real estate properties prior to year ended June 30, 2021.

Real Estate
 
Year Ended
June 30, 2021
 
Balance at the beginning of the year
 
$
-
 
Additions- acquisitions
  
54,641,596
 
Balance at end of the year
 $
54,641,596
 
     
Accumulated Depreciation
    
Balance at the beginning of the year
 $
-
 
Depreciation expense
  
1,107,466
 
Balance at end of the year
 $
1,107,466