Real estate investment trust (REIT) that originates, invests in, and manages a diversified portfolio of commercial real estate loans and other commercial real estate-related assets.
ACRES Commercial Realty Corp., a real estate investment trust (REIT) based in Uniondale, New York, specializes in originating, holding, and managing commercial real estate mortgage loans and various related debt investments across the United States. The company's investment strategy encompasses a broad spectrum of commercial real estate assets, including floating and fixed-rate first mortgage loans, first priority interests in mortgage loans, subordinated interests in mortgages, mezzanine debt, preferred equity investments, commercial mortgage-backed securities (CMBS), and equity stakes in commercial real estate ventures.
Formerly known as Exantas Capital Corp., the company rebranded as ACRES Commercial Realty Corp. in February 2021, marking a strategic evolution in its market positioning and operational focus. As a REIT, ACRES benefits from tax advantages by distributing 100% of its REIT taxable income to shareholders, thereby minimizing federal corporate income tax obligations.
Since its inception in 2005, ACRES Commercial Realty Corp. has established itself as a pivotal player in the commercial real estate finance sector, leveraging its expertise to navigate diverse market conditions and capitalize on opportunities across various property types and geographic regions. The company's disciplined approach to risk management and investment underwriting underscores its commitment to delivering sustainable returns and value creation for its investors.
With its headquarters in Uniondale, New York, ACRES Commercial Realty Corp. is strategically positioned to tap into the dynamic U.S. real estate market. Through prudent investment strategies and a robust portfolio management framework, the company continues to enhance its competitive edge while maintaining a strong foothold in the evolving commercial real estate finance landscape.