MacKenzie Realty Appoints New Auditor
The move comes as Moss Adams combines with Baker Tilly, leading to a seamless transition in MacKenzie's auditing services.
June 11, 2025
MacKenzie Realty Capital Names Baker Tilly as New Auditor After Firm Merger
MacKenzie Realty Capital has made a quick and deliberate move to appoint a new independent auditor. The change follows the merger of Moss Adams LLP—its long-time audit partner—with Baker Tilly US, LLP. As of June 9, Moss Adams formally stepped down, and the newly combined audit practice, operating under the Baker Tilly name, took over.
The transition was straightforward. There were no disagreements with Moss Adams on accounting principles, audit procedures, or financial disclosures—not over the last two fiscal years, and not in the most recent interim period. Their reports for FY2023 and FY2024 were clean: no adverse opinions, no disclaimers, no qualifications.
MacKenzie’s Audit Committee acted promptly after learning of the merger. With Moss Adams exiting as a result of the consolidation, the committee approved Baker Tilly to step in as the company’s new independent registered public accounting firm.
There was no consultation with Baker Tilly beforehand about pending transactions or audit opinions. The appointment was based on continuity and readiness, not a change in direction.
Ahead of filing the SEC disclosure, MacKenzie shared the draft with Moss Adams, who reviewed and confirmed the company’s statements. A formal response letter from Moss Adams is included in the filing as Exhibit 16.1.
The update ensures that MacKenzie’s financial oversight remains consistent—even as the audit landscape around it shifts. With Baker Tilly now in place, the company is positioned to maintain the reliability and transparency investors expect, without skipping a beat.
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