ACRES Commercial Realty

#8628

Rank

$136.87M

Marketcap

United States

Country

Leadership team

Mr. Mark Steven Fogel (Pres, CEO & Director)

Mr. David J. Bryant (Sr. VP, CFO & Treasurer)

Mr. Eldron C. Blackwell (VP & Chief Accounting Officer)

Products/ Services

Commercial Real Estate, Financial Services, Property Management, Real Estate, Real Estate Investment

Headquarters

Westbury, New York, United States

Established

2005

Company Registration

SEC CIK number: 0001332551

Net Income

20M - 100M

Revenue

20M - 100M

Traded as

ACR

URL

https://www.acresreit.com

Overview

Location

Recognition and Award

References

Summary

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.

History

ACRES Commercial Realty was founded in 1978 with the mission of being a full-service real estate brokerage. Since then, we have evolved and grown, expanding our presence and expertise in the commercial real estate industry. We serve clients across all industries, from local small business owners to Fortune 500 companies.

Mission

Changing the way you see commercial real estate

Vision

Our vision is to be the leader in commercial real estate services, helping our clients navigate the ever-changing markets and capitalize on any opportunity.

Key Team

Ms. Jaclyn Alyce Jesberger (Chief Legal Officer, Sr. VP & Sec.)

Mr. Richard Anthony Persaud (VP of Fin. & Operations)

Mr. Jeffrey Dean Blomstrom (Sr. VP)

Mr. Steven Landgraber (Sr. VP of Corp. Fin. & Investor Relations Officer)

Mr. Kyle Geoghegan (Sr. VP of Loan Originations)

Mr. Alan Frank Feldman (Sr. VP of Real Estate Investments)

Mr. Darryl Myrose (Sr. VP of Loan Originations)

Recognition and Awards

2019 National Association of Realtors Commercial Achievement Award, 2017 Small Brokerage of the Year by Commercial Real Estate Executive Magazine, 2016 Top Firm in the Nation Award by Commercial Real Estate Executive Magazine