A Fresh Approach to

Real Estate Investing

Why MacKenzie

About Us

MacKenzie Capital Management, LP, an acknowledged leader in the real estate investment management business, utilizes an innovative approach to real estate securities, often seeing opportunities that others overlook. Based in Orinda, California, MacKenzie Capital Management has specialized in the area of discounted real estate securities and asset management since its formation in 1982.

Our Team

C.E. “Pat” Patterson

Chairman of the Board, MacKenzie Capital Management, LP and its affiliates, MCM Advisers and Patterson Real Estate Services

Mr. Patterson, an MRC director since 2012, is co-founder and Chairman of MacKenzie Capital Management, LP (“MacKenzie”) and MCM Advisers, LP (the “Adviser”), a director of their general partner, and a beneficial owner of all three companies.  Mr. Patterson co-founded the MacKenzie companies in 1982.

Mr. Patterson has spent his entire business career in the financial services industry.  In 1965, following his graduation from the University of Oregon with a B.S. degree, he was selected as a junior executive trainee by Merrill Lynch, Pierce, Fenner and Smith, Inc.  This intensive two-year training program was conducted in New York and included “on-the-floor” experience on all the major stock and commodity trading floors in the U.S. and Europe as well as a one-year position in Securities Research.  Subsequently assigned to Merrill’s Oakland, California office, Mr. Patterson had responsibility as an account executive for individual investors through 1971.

In 1971, Mr. Patterson joined Eastman Dillon, Union Securities, Inc. with responsibility for Institutional Accounts in San Francisco and Hawaii.  Upon the merger of Blyth & Co. with Eastman Dillon, Mr. Patterson was appointed assistant manager and then resident manager of the firm’s Oakland office.  He became a vice president of the firm in 1975.  During the years 1976 to 1981, Mr. Patterson was associated with Smith Barney, Harris Upham, Inc. as a vice president of sales; Merrill Lynch, Pierce, Fenner and Smith, Inc. as a senior account executive; and Paine Webber, Jackson & Curtis as an account vice president.  During this period his primary responsibility was the counseling of individual clients, but he also was responsible for research and marketing of specialized financial products.

In 1981, Mr. Patterson founded Patterson Financial Services, Inc. (now MCM Advisers, LP) with Berniece A. Patterson as a financial planning firm.  He founded Patterson Real Estate Services, a licensed California Real Estate Broker, in 1982.  As Chairman of MCM Advisers, LP, Mr. Patterson is responsible for all investment counseling activities.  He supervises the analysis of investment opportunities for the clients of the firm.  In 1988, Mr. Patterson co-founded the predecessor of MacKenzie.  The Manager acts as the General Partner and Manager to a number of prior investment funds.  Mr. Patterson is the Chairman of the Manager.

Mr. Patterson is a former Certified Financial Planner, has completed the College of Financial Planning’s Due Diligence course, and is a past member of both the Institute of Certified Financial Planners and the International Association for Financial Planning.

C.E. “Pat” Patterson

Chairman of the Board

Berniece A. Patterson

Director and Founder, MacKenzie Capital Management, LP

Mrs. Patterson is co-founder and director of MacKenzie Capital Management, LP as well as the co-founder of MacKenzie’s affiliate, MCM Advisers, LP, an SEC-registered investment adviser established in 1981. Mrs. Patterson also runs Pioneer Health Group, LLC, an affiliate of MacKenzie, and is responsible for the management of day-to-day operations of two nursing homes, Cherryvale Care Center and Santa Rita Nursing and Rehabilitation Center.

Mrs. Patterson holds a B.A. in Education degree from San Jose State University and an M.B.A. in Finance from the University of California, Berkeley. Mrs. Patterson was a certified financial planner and an NASD-registered General Securities Principal. She also is a former member of the Institute of Certified Financial Planners and the International Association for Financial Planning.

Berniece Patterson

Director and Founder

Glen W. Fuller

Managing Director and Chief Operating Officer, MacKenzie Capital Management, LP

Chief Operating Officer, MacKenzie Realty Capital, Inc.

Mr. Fuller is managing director and chief operating officer of MacKenzie and the Adviser, where he has been employed since 2000. He is a director of their general partner and a beneficial owner of all three companies. Mr. Fuller is Berniece Patterson’s son and C.E. Patterson’s stepson.

Prior to becoming Senior Vice President of the Manager, he was with the Manager for two years as a portfolio manager and research analyst. Prior to joining the Manager, Mr. Fuller spent two years running the over the counter trading desk for North Coast Securities Corp. (previously Morgan Fuller Capital Group) with responsibility for both the proprietary and retail trading desks. Mr. Fuller was also the registered options principal and registered municipal bond principal for North Coast Securities Corp., a registered broker dealer. Mr. Fuller previously held his FINRA Series 7, general securities registration. Mr. Fuller has a B.A. degree in Management. Mr. Fuller has also spent time working on the floor of the New York Stock Exchange as a trading clerk and on the floor of the Pacific Stock Exchange in San Francisco as an assistant specialist for LIT America.

Glen W. Fuller

Managing Director
Chief Operating Officer

Chip Patterson

Managing Director and General Counsel, MacKenzie Capital Management, LP

Chairman of the Board, General Counsel, and Secretary, MacKenzie Realty Capital, Inc.

Mr. Patterson is Managing Director and General Counsel of MacKenzie and the Adviser, where he has been employed since 2003.  He is a director of their general partner and a beneficial owner of all three companies.  Mr. Patterson is C.E. Patterson’s son and Berniece Patterson’s stepson.

Mr. Patterson graduated magna cum laude from the University of Michigan Law School with a J.D. and with high distinction and Phi Beta Kappa from the University of California at Berkeley with a B.A. in Political Science. Prior to joining MacKenzie, he was a securities and corporate finance attorney with the national law firm of Davis Wright Tremaine LLP. Prior to law school, Mr. Patterson taught physics, chemistry, and math at the high school level for three years. He also has prior experience in sales, retail, and banking, and is a licensed California Real Estate Broker.

Chip Patterson

Managing Director
General Counsel

Robert E. Dixon

Managing Director and Chief Investment Officer, MacKenzie Capital Management, LP

Chief Executive Officer and President, MacKenzie Realty Capital, Inc.

Mr. Dixon is Managing Director and Chief Investment Officer of MacKenzie and the Adviser, where he has been employed since 2005.  He is a director of their general partner and a beneficial owner of all three companies.  Mr. Dixon is C.E. and Berniece Patterson’s son-in-law.

Mr. Dixon served as an officer and director of Sutter Holding Company, Inc. from March 2002 until 2005.  Mr. Dixon founded Sutter Capital Management, LLC, an investment management firm, in 1998 and sold it in 2005 to the Adviser.  Mr. Dixon has been president of Sutter Capital Management since its founding.  Mr. Dixon received his MBA degree from Cornell University in 1998 and became a Chartered Financial Analyst® in 1996.  From October 1994 to June 1996 he worked for MacKenzie as a securities research analyst.  He worked for Lehman Brothers, Inc. in equity sales and trading during 1993 and 1994.  Mr. Dixon received his B.A. degree in Economics from the University of California at Los Angeles in 1992.

Robert E. Dixon

Managing Director
Chief Investment Officer

Angche Sherpa

Chief Financial Officer, MacKenzie Realty Capital

Mr. Sherpa was appointed to Chief Financial Officer in July 2021. He has been employed by the Company’s administrator, MacKenzie Capital Management, LP (“MacKenzie”), since 2012. Prior to his appointment, he was Director of Accounting and Financial Reporting of MacKenzie.

Mr. Sherpa graduated from San Francisco State University in 2006 with a Bachelor of Science degree in Business Administration (Accounting) with honors. He obtained his CPA license from California Board of Accountancy in January 2011. Prior to joining MacKenzie, he worked as staff auditor from 2007 through 2008 and senior auditor from 2009 through 2012 at a national public accounting firm Moss Adams LLP. During his career at Moss Adams, he led various audit teams involved in auditing financial services companies including private equity, asset management and real estate investment companies.

Angche Sherpa

Chief Financial Officer

Elizabeth Abaña

Chief Financial Officer, MacKenzie Capital Management, LP

Elizabeth assumed the Chief Financial Officer position for MacKenzie and its related corporate entities as of July 2021. She joined MacKenzie as Controller in 2006, responsible for overseeing daily operations of the accounting department.

Elizabeth earned her Bachelor of Science in Psychology from University of Santo Tomas, Manila, Philippines. She worked for several years with Century Bank, San Francisco as AVP, International Banking & Trade Finance. She continued her career with an export-import company in San Francisco nearly 10 years as Finance Manager then later as their Controller responsible for accounting, regulatory reporting, banking relations, loan compliance and Human Resources.

Elizabeth Abaña

Chief Financial Officer

Christine E. Simpson

Chief Portfolio Manager, MacKenzie Capital Management, LP and MacKenzie Realty Capital, Inc.

Mrs. Simpson is responsible for handling the day‑to‑day operations of the Manager’s research department. During Mrs. Simpson’s career with the Manager, she graduated: with a B.A. degree in Business Management from St. Mary’s College of California in October 2004 (with honors), with an M.S. degree in Financial Analysis and Investment Management in September 2006, and an M.B.A. in June 2008. As a result of these and other professional experiences, Mrs. Simpson possesses particular knowledge and experience in real estate that strengthen the investment committee’s collective qualifications, skills and experience.

Christine Simpson

Chief Portfolio Manager

Jen Ireland

Vice President, Administration

Jen Ireland has worked in the administration department since January of 1998. As vice president of administration, she oversees the management of client records and compliance for all the Funds managed by the Manager. Ms. Ireland graduated from Sonoma State University with a B.A. in Psychology in May of 1995.

Jen Ireland

Vice President, Administration

Brooke Buckley

Senior Vice President of Capital Markets, MacKenzie Capital Management, LP

Brooke Buckley brings over 20 years of experience as a corporate and securities industry professional. Brooke has an impeccable reputation as a strategic marketing professional, developing new business opportunities in areas including: Mergers and Acquisitions, Capital Markets, Private Equity and Alternative Investments.

As the Senior Vice President of Capital Markets for MacKenzie Capital Management, Brooke oversees all sales and marketing functions for the investment fund manager.

Prior to joining MacKenzie, Brooke worked with Prospect Financial Advisors, LLC as the Senior Vice President of Capital Markets and as Vice President and Equity Syndicate Manager for Sutro & Co., Inc.

Prior to joining Sutro, Brooke spent several years as a fixed income sales trader for Lehman Brothers.  Brooke graduated from the University of Southern California with a B.A. degree in communications.

Brooke Buckley

SVP, Capital Markets

Peter Roman

Regional Vice President

Peter Roman oversees the sales and marketing efforts for MacKenzie Capital Management’s investment products in the Eastern United States. Along with high energy and passion for the financial services industry, Pete brings over a decade of experience and a proven track record of success to the team. He is dedicated to helping his clients however possible.

After graduating from the Pennsylvania State University’s Smeal College of Business, Pete moved to Boston where he began his career in financial services with Sun Life Financial. After Boston, Pete continued his career in Los Angeles with ADP Financial Services and AIG SunAmerica. He now lives back in his hometown of Philadelphia with his wife and two daughters. Prior to joining MacKenzie Pete worked out of Philadelphia for the Lightstone Group as well as Steadfast Companies.

Peter Roman

Regional Vice President

Matt Smith

Director of Internal Sales and National Accounts

Matt Smith is the current Director of Internal Sales and National Accounts for our MacKenzie Marketing Team. He has 23 years of experience in the financial services industry, including the sales of alternative investments such as non-traded real estate investment trusts, opportunity zone funds, 1031 exchanges, and various other private placements and Regulation A funds.

Before starting his wholesaling career in 2007, Matt spent 10 years as a financial advisor with Prudential Securities. He holds a bachelor’s degree in finance from California State Polytechnic University Pomona, as well as FINRA Series 7, 24, 63, and 65 securities licenses.

Matt Smith

Director of Internal Sales and National Accounts

A Value-Added Strategy

Through its investment advisory affiliate, MCM Advisers, LP, the skilled team of MacKenzie Capital Management real estate professionals takes an innovative approach to capitalizing on market inefficiencies.

Concentrating on its niche marketplace, MacKenzie Capital Management searches for thinly traded public and private limited partnership securities and shares of real estate investment trusts that may be undervalued for a variety of reasons – such as temporary illiquidity, control issues, excess leveraging, or capital needs of the partnership – and must trade at a discount.


Research is the driving force behind MacKenzie Capital Management’s ability to select the most appropriate real estate asset-backed investments. Its team of seasoned real estate analysts, comprising over 30 percent of the firm’s personnel, provides in-depth analysis of an investment’s viability by using a proprietary real estate securities database.


MacKenzie Capital Management’s programs run the gamut from conservative to aggressive, each providing current cash flow and the expectation of future returns based on the eventual full-price liquidation of the underlying assets. By applying expertise, vision and an opportunistic mindset, MacKenzie Capital Management has consistently generated strong returns for its investors.


Blackstone Real Estate Income Trust

Expires: December 11, 2023

View Offer

Get a Quote

For over a quarter of a century, MacKenzie Capital Management, LP has made a name for itself as something of a maverick in the world of real estate investing. We’ve found value in investments that others overlooked, and the payoff has been substantial- for 27 straight years. MacKenzie Capital Management and its affiliates have decades of experience in providing liquidity to investors in illiquid real estate securities. Contact us to get fast pricing on any of the following: Non-Traded REIT Shares, Real Estate Limited Partnership Units, Private Real Estate Notes, Tenant in Common Interests

Email offers@mackenziecapital.com or call 800-854-8357.


Our Funds

Finding dependable sources of meaningful income in a low interest rate environment can be challenging. Since 1987, MacKenzie has provided non-correlated alternatives to investors looking for income and portfolio diversification.

Visit MacKenzie Realty Capital


We do not respond to unsolicited business proposals. For your security, we cannot respond to account specific requests through email. In the form below, do not include any account-specific or personal information such as Social Security number, account number, or account balances.

For account specific requests please call our Investor Relations Team.

MacKenzie Capital Management, LP

89 Davis Road, Suite 100
Orinda, CA 94563

Investor Relations

Monday – Friday
7:30AM – 4:30PM PT

Sales & Marketing

800-854-8357 x1039


To obtain a quote: Email offers@mackenziecapital.com