ACRES Commercial Realty Corp. (ACR) NYSE
Currency In USD
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ACRES Commercial Realty Corp.
Address
390 RXR Plaza
Uniondale, NY 11556
United States of America (the)
Phone
516 535 0015
Website
Sector
Real Estate
Industry
REIT - Mortgage
Employees
4
First IPO Date
February 07, 2006
Key Executives
| Name | Title | Pay | Year Born |
| Mark Steven Fogel | President, Chief Executive Officer & Director | 0 | 1969 |
| Linda Kilpatrick | Vice President, Chief Accounting Officer & Controller | 289,600 | 1973 |
| Eldron C. Blackwell | Chief Financial Officer & Senior Vice President | 399,000 | 1979 |
| Jaclyn Alyce Jesberger | Chief Legal Officer, Senior Vice President & Secretary | 571,771 | 1978 |
| Jason L. Bodine | Treasurer | 0 | 1980 |
| Kyle K. Brengel | Chief Operating Officer | 0 | 1991 |
| Paul Andrew Hughson | Executive Vice President of Commercial Real Estate Lending Business Division | 0 | 1962 |
| Andrew Dodd Fentress | Chairman of the Board & MD of Capital Markets | 0 | 1970 |
| Steven Landgraber | Senior Vice President of Corporate Finance & Investor Relations Officer | 0 | N/A |
| George E. Carlton | Head of CMBS Investing | 0 | N/A |
| Michael Anthony Pierro | Senior Vice President | 0 | 1972 |
Description
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.
