ACRES Commercial Realty Corp. (ACR) functions as a real estate investment trust (REIT) based in Uniondale, New York, having been established in 2005. The firm's primary objective is to generate, own, and administer various debt instruments related to commercial real estate, including mortgage loans, throughout the United States. ACR strategically allocates capital to a diverse range of assets tied to commercial properties. These investments encompass both variable and fixed-rate first lien mortgage loans, senior and junior participations in first mortgage loans, mezzanine financing, preferred equity investments, commercial mortgage-backed securities (CMBS), and direct equity or preferred equity stakes in commercial real estate. As a certified REIT for federal income tax purposes, the company typically avoids federal corporate income tax, contingent on distributing 100% of its taxable REIT income. Notably, the entity updated its legal name to ACRES Commercial Realty Corp. in February 2021, having previously been known as Exantas Capital Corp.
Sector: Real Estate Investment Trusts
Industry: REIT - Mortgage
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based on 13.45M shares outstanding
USACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and other commercial real estate-related debt investments in the United States.
It invests in commercial real estate-related assets, including floating and fixed rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine debt, preferred equity investments, commercial mortgage-backed securities, and commercial real estate equity and preferred equity investments.
The company qualifies as a real estate investment trust for federal income tax purposes.
It generally would not be subject to federal corporate income tax to the extent that it distributes 100% of its REIT taxable income.
The company was formerly known as Exantas Capital Corp. and changed its name to ACRES Commercial Realty Corp. in February 2021. ACRES Commercial Realty Corp. was incorporated in 2005 and is based in Uniondale, New York.
Jaclyn Alyce Jesberger
Chief Legal Officer, Senior Vice President & Secretary
Eldron C. Blackwell
Chief Financial Officer & Senior Vice President
Linda Kilpatrick
Vice President, Chief Accounting Officer & Controller
George E. Carlton
Head of CMBS Investing
Employees
4
Country
US
Sector
Real Estate
Website
acresreit.com
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based on 13.45M shares outstanding
US30d Avg
57.29K
60d Avg
42.60K
90d Avg
38.73K
