RELATED PARTY TRANSACTIONS (Tables)

6 Months Ended

Dec. 31, 2025

The asset management fees mentioned above were based on the following quarter ended Invested Capital segregated in three columns based on the annual fee rate:

Asset Management Fee Annual %		3.0%		2.0%		1.5%	Total Invested Capital

Quarter ended:
September 30, 2025	$	20,000,000	$	80,000,000	$	90,460,712	$	190,460,712
December 31, 2025	$	20,000,000	$	80,000,000	$	91,413,218	$	191,413,218

Quarter ended:
September 30, 2024	$	20,000,000	$	80,000,000	$	81,925,868	$	181,925,868
December 31, 2024	$	20,000,000	$	80,000,000	$	82,656,576	$	182,656,576

Related Party Expenses

The table below outlines the related party expenses incurred for the six months ended December 31, 2025 and 2024, and unpaid as of December 31, 2025, and June 30, 2025.

	Six Months Ended December 31,				Unpaid as of
Types and Recipient	2025		2024		December 31, 2025		June 30, 2025
Asset management fees - the Real Estate Adviser	$	1,777,127	$	1,707,036	$	-	$	-
Administrative cost reimbursements - MacKenzie		440,500		334,928		-		-
Asset acquisition fees - the Real Estate Adviser ⁽¹⁾		-		292,000		-		-
Transfer agent cost reimbursements - MacKenzie		-		3,072		-		-
Organization & Offering Cost ⁽²⁾ - MacKenzie		160,837		32,612		210,517		49,680
Other expenses ⁽³⁾- MacKenzie and Subsidiary’s GPs		-		-		110,017		118,084
Due to related entities					$	320,534	$	167,764

⁽¹⁾Asset acquisition fees paid to the Real Estate Adviser were capitalized as a part of the real estate basis in accordance with our policy. The acquisition fee paid during the six months ended December 31, 2024 was for the acquisition of Green Valley Medical Center in August 2024.

⁽²⁾Offering costs paid by MacKenzie - discussed in this Note under organization and offering costs reimbursements.

⁽³⁾Expenses paid by MacKenzie and General Partner of a subsidiary on behalf of us and subsidiary.

MacKenzie Realty Capital, Inc. 10-Q