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.
It invests in commercial real estate-related assets, 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 commercial mortgage-backed securities.
The company 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 |
| Industry | REIT - Mortgage |
| Sector | Real Estate |
| Employees | 4 |
| CEO | Mark Steven 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 |
| Exchange | NYSE |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0001332551 |
| CUSIP Number | 30068N105 |
| ISIN Number | US00489Q1022 |
| Employer ID | 20-2287134 |
| SIC Code | 6798 |
Key Executives
| Name | Position |
|---|---|
| Mark Steven Fogel | President, Chief Executive Officer and Director |
| Eldron C. Blackwell | Senior Vice President, Chief Financial Officer and Treasurer |
| Jaclyn Alyce Jesberger | Chief Legal Officer, Senior Vice President and Secretary |
| Kyle K. Brengel | Vice President of Operations |
| Linda M. Kilpatrick | Vice President, Chief Accounting Officer and Controller |
| Steven Landgraber | Senior Vice President of Corporate Finance and Investor Relations Officer |
| Jeffrey Dean Blomstrom | Senior Vice President |
| George Edward Carleton | Executive Vice President of Resource America |
| Paul Andrew Hughson J.D. | Executive Vice President of Commercial Real Estate Lending Business Division |
| George E. Carlton | Head of CMBS Investing |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Apr 1, 2024 | S-3 | Registration statement under Securities Act of 1933 |
| Mar 7, 2024 | 10-K | Annual Report |
| Feb 28, 2024 | 8-K | Current Report |
| Feb 16, 2024 | 8-K | Current Report |
| Feb 14, 2024 | SC 13D/A | [Amend] General statement of acquisition of beneficial ownership |
| Feb 14, 2024 | ABS-15G/A | Filing |
| Feb 14, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Feb 14, 2024 | ABS-15G | Filing |
| Feb 13, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Dec 21, 2023 | 8-K | Current Report |