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Schedule III - Real Estate Properties and Accumulated Depreciation
 12 Months Ended
Jun. 30, 2024
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, 2024

 
 
        
Initial Costs
    
Subsequent Acquisition
    
Gross Amount Carried at
        
Property:
Acquisition Date
  
Encumbrances at
June 30, 2024
    
Land
    
Building &
Improvements
    
Land
    
Building &
Improvements
    
June 30, 2024
    
Accumulated
Depreciation
  
 
 
                                          
Commodore Apartment Building
March 5, 2021
  
$
6,737,500
    
$
5,519,963
    
$
7,626,909
    
$
-
    
$
43,366
    
$
13,190,238
    
$
(857,966
)
The Park View Building
March 5, 2021
    
8,387,500
      
4,317,013
      
11,927,323
      
-
      
81,285
      
16,325,621
      
(1,119,423
)
Hollywood Apartments
October 4, 2021
    
17,280,875
      
8,704,577
      
14,200,645
      
-
      
36,250
      
22,941,472
      
(1,373,138
)
Shoreline Apartments
May 16, 2022
    
17,608,676
      
7,559,390
      
20,429,810
      
-
      
197,173
      
28,186,373
      
(1,699,638
)
Satellite Place
June 1, 2022
    
-
      
2,966,129
      
10,910,897
      
-
      
1,100,472
      
14,977,498
      
(1,467,706
)
MRC Aurora
May 6, 2022
    
-
      
3,050,000
      
361,094
      
-
      
2,261,274
      
5,672,368
      
-
  
First & Main Office Building July 23, 2022     10,963,355       966,314       16,952,076       -       11,677       17,930,067       (871,246 )
1300 Main Office Building October 1, 2022     8,168,350       805,575       14,643,311       -       6,244       15,455,130       (593,096 )
Woodland Corporate Center January 3, 2023     6,626,543       1,840,468       10,212,200       -       62,175       12,114,843       (577,567 )
Main Street West Office Building February 1, 2023     14,730,887       1,433,698       25,220,403       -       67,134       26,721,235       (927,368 )
220 Campus Lane Office Building
 September 1, 2023     1,952,292       1,357,288       1,269,710       -       152,069       2,779,067       (30,002 )
Campus Lane Residential
 September 1, 2023     1,050,306       1,503,758       -       16,239       267,451       1,787,448       -  
Green Valley Executive Center
 January 1, 2024     12,655,979       1,352,864       20,239,581       -       22,417       21,614,862       (388,845 )
One Harbor Center
 May 1, 2024     7,525,436       1,364,866       13,184,961       -       -       14,549,827       (120,651 )
 
         
  
$
113,687,699
    
$
42,741,903
    
$
167,178,920
    
$
16,239
    
$
4,308,987
    
$
214,246,049
    
$
(10,026,646
)

A summary of activity for real estate and accumulated depreciation for the years ended June 30, 2024 and 2023:

 
  
Year Ended June 30,
  
Real Estate
  
2024
    
2023
  
Balance at the beginning of the year
  
$
169,647,797
    
$
96,299,620
  
Additions - acquisitions
    
44,598,252
      
73,348,177
  
Balance at the end of the year
  
$
214,246,049
    
$
169,647,797
  
 
                
Accumulated Depreciation
                
Balance at the beginning of the year
  
$
4,917,122
    
$
1,181,962
  
Depreciation expense
    
5,109,524
      
3,735,160
  
Balance at end of the year
  
$
10,026,646
    
$
4,917,122