- Business
- ACRES Commercial Realty Corp. (NYSE: ACR) is a real estate investment trust primarily focused on originating, holding and managing commercial real estate mortgage loans and other commercial real estate-related debt investments in the United States. The company offers a diversified portfolio of floating-rate 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; it targets middle-market properties including multifamily, student housing, hospitality, office, industrial and other asset types in top U.S. markets. Externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., ACRES Commercial Realty operates nationwide from its headquarters at 390 RXR Plaza in Uniondale, New York, where it was incorporated in 2005, formerly known as Exantas Capital Corp. before changing its name in February 2021.
In recent developments, the company reauthorized an additional $7.5 million under its existing share repurchase program in October 2025 to buy back common and preferred stock through open market transactions, privately negotiated deals or block purchases; it refinanced two securitizations into a non-mark-to-market financing facility with JPMorgan post-2024 year-end, enabling a two-year reinvestment period and increased leverage to historical levels of 3.5-4 turns; and management plans portfolio growth to $1.8-$2.0 billion by year-end 2025 with a focus on multifamily, hospitality and self-storage sectors amid rising origination activity.