ACRES Commercial Realty Corp. (ACR) NYSE

20.75

-0.59(-2.76%)

Updated at November 19 04:00PM

Currency In USD

ACRES Commercial Realty Corp.

Address

390 RXR Plaza

Uniondale, NY 11556

United States of America

Phone

516 535 0015

Sector

Real Estate

Industry

REIT - Mortgage

Employees

4

First IPO Date

February 07, 2006

Key Executives

NameTitlePayYear Born
Mr. Mark Steven FogelPresident, Chief Executive Officer & Director01969
Ms. Linda M. KilpatrickVice President, Chief Accounting Officer & Controller268,1781973
Mr. Eldron C. BlackwellChief Financial Officer & Senior Vice President368,8001979
Ms. Jaclyn Alyce JesbergerChief Legal Officer, Senior Vice President & Secretary604,0311978
Mr. Paul Andrew Hughson J.D.Executive Vice President of Commercial Real Estate Lending Business Division01962
Mr. Michael Anthony PierroSenior Vice President01972
Mr. Jason L. BodineTreasurer01980
Mr. George E. CarltonHead of CMBS Investing0N/A
Mr. Steven LandgraberSenior Vice President of Corporate Finance & Investor Relations Officer0N/A

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 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.