ACR Profile
ACRES Commercial Realty Corp., a real estate investment trust (REIT) based in Uniondale, New York, specializes in the origination, holding, and management of commercial real estate mortgage loans and related debt investments across the United States. The company targets a diverse array of commercial real estate-related assets, including floating and fixed-rate first mortgage loans, first priority interests in first mortgage loans, and subordinated interests in first mortgage loans. ACRES Commercial Realty also invests in mezzanine debt, preferred equity investments, commercial mortgage-backed securities (CMBS), and commercial real estate equity and preferred equity investments.
As a REIT, ACRES Commercial Realty Corp. benefits from favorable tax treatment, qualifying for federal income tax purposes in a manner that generally exempts it from federal corporate income tax, provided it distributes at least 90% of its REIT taxable income to shareholders. This structure enables the company to focus on maximizing returns to its investors through regular income distributions derived from its diversified portfolio of high-quality commercial real estate loans and investments.
The company's strategic approach involves a meticulous evaluation process to identify and invest in high-potential commercial real estate assets. ACRES Commercial Realty Corp. seeks to optimize risk-adjusted returns through its investment in various asset classes, such as first mortgage loans, mezzanine loans, and preferred equity. Its investment strategy is underpinned by a thorough understanding of market dynamics, asset performance, and the potential for value creation within the commercial real estate sector.
Originally incorporated in 2005 as Exantas Capital Corp., the company rebranded to ACRES Commercial Realty Corp. in February 2021 to reflect its refined focus and strategic vision. The rebranding aligns with its commitment to delivering robust financial performance and creating long-term value for its shareholders. Through disciplined investment practices and a deep expertise in commercial real estate finance, ACRES Commercial Realty Corp. aims to maintain its position as a leading REIT in the U.S. commercial real estate market.
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