ACRES Commercial Realty Corp.
acresreit.comWhat Do They Do?
Originates commercial real estate mortgage loans and invests in commercial properties for real estate borrowers and property owners.
10-K for FY2025, filed Mar 10, 2026We are a Maryland corporation, incorporated in 2005, and a real estate finance company that is organized and conducts our operations to…View ↗
Our investment strategy targets the following CRE credit investments, including:View ↗
Floating-rate whole loans. We predominantly originate floating-rate first mortgage loans, or whole loans, directly to borrowers. The direct…View ↗
How Do They Make Money?
Makes most of its income from the difference between revenue on interest-bearing assets and the cost of financing them, plus rent from commercial properties it owns directly.
10-K for FY2025, filed Mar 10, 2026We generate our income primarily from the spread between the revenues we receive from our interest-bearing assets and the cost to finance…View ↗
$79.9M
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10-K for FY2025, filed Mar 10, 2026
$79.9M ↗
Who Are Their Customers?
It originates whole loans directly to commercial real estate borrowers; it also invests in loan participations originated by other financial institutions, whose lead lender handles borrower communications.
10-K for FY2025, filed Mar 10, 2026
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 4, 2026
−$5MView ↗
- ▼ Now a loss
- vs $4.3M in Q2 FY2025
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Aug 4, 2026
Agreed to acquire ACRES Capital and internalize management
The merger would make ACRES Capital and its manager wholly owned subsidiaries and end the outside management agreement.
Sources
8-K, filed Aug 4, 2026
ACRES Commercial Realty Corp. (the “Company”) expects to complete its previously disclosed Merger (as defined below) and Internalization…View ↗
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Apr 30, 2026
Replaced Ernst & Young with PricewaterhouseCoopers as auditor
Sources
8-K, filed Apr 30, 2026
On April 27, 2026, the Audit Committee (the “Audit Committee”) of the Board of Directors of ACRES Commercial Realty Corp. (the “Company”)…View ↗
Growing. Revenue grew 60% in 4 years, from $50.1M in FY2021 to $79.9M in FY2025, about 12% a year.
Mezzanine loans
The older report listed a fully reserved mezzanine loan; the latest says no mezzanine loans were held in the portfolio.
10-K for FY2022, filed Mar 7, 2023 10-K for FY2025, filed Mar 10, 2026We typically target transitional floating-rate CRE loans between $10.0 million and $100.0 million. During the year ended December 31, 2022…View ↗
Mezzanine financing. Historically, we have invested in mezzanine loans that are senior to the borrower’s equity in, and subordinate to the…View ↗
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