Company Description
ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and equity investments in commercial real estate property in the United States.
The company invests in commercial real estate credit investments, including floating-rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine financing, preferred equity investments, and CRE equity investments.
It qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.
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.
| Country | United States |
| Founded | 2005 |
| Employees | 4 |
| CEO | Mark Fogel |
Contact Details
Address: 390 RXR Plaza Uniondale, New York 11556 United States | |
| Phone | 516 535 0015 |
| Website | acresreit.com |
Stock Details
| Ticker Symbol | ACR.PRC |
| Exchange | NYSE |
| Stock Type | Preferred Stock |
| Fiscal Year | January - December |
| Reporting Currency | USD |
Key Executives
| Name | Position |
|---|---|
| Mark Fogel | Chief Executive Officer |
| Eldron Blackwell | Chief Financial Officer |
| Kyle Brengel | Chief Operating Officer |
| Steven Landgraber | Head of Investor Relations |