Feb 08 2016 | Article by: The DI Wire
MacKenzie Realty Capital Inc., a non-traded business development company, made a tender offer for 600,000 shares of common stock of Sentio Healthcare Properties for $5.00 per share. The offer expires on March 18, 2016.
Sentio Healthcare Properties, a non-traded real estate investment trust that invests in healthcare real estate, had approximately 3,275 holders of record owning a total of 11.5 million shares, according to a filing by MacKenzie with the Securities and Exchange Commission.
Sentio’s most recent valuation, declared in February 2014, estimated that their stock was worth $11.63 per share.
The time (at Blue Vault's 2nd Annual Broker Dealer Educational Summit) proved extremely informative.