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MacKenzie Offers $5.00 Per Unit of Resource Real Estate Investors 7

MacKenzie Realty Capital Inc., a non-traded business development company, made a tender offer for 200,000 units of limited partnership interest in Resource Real Estate Investors 7 LP for $5.00 per unit. The offer expires on March 4, 2016.

Resource Real Estate Investors 7 is a Delaware limited partnership that owns and operates multifamily residential rental properties in Maine, Texas and South Carolina. The partnership is expected to terminate on March 28th of this year, but they could extend the date by two years.

MacKenzie notified investors about the purchase offer, and suggested that since the partnership has paid out $5.97 in total distribution per $10 unit to the earliest investor, then the $5.00 per unit tender offer would constitute a profit.

MacKenzie, which does not own any interest in Resource Real Estate Investors 7, would pay $1 million if all 200,000 units are tendered. The tender offer equals 6.12 percent of the outstanding units.

MacKenzie Capital Management LP, a real estate investment management business based in Moraga, CA, has specialized in the area of discounted real estate securities and asset management since its formation in 1982.

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