ACRES Commercial Realty Corp.

ACRES Commercial Realty Corp. is a real estate finance company incorporated in Maryland in 2005. The company operates as a real estate investment trust (REIT) for federal income tax purposes. Its investment strategy primarily involves originating, holding, and managing commercial real estate (CRE) mortgage loans and equity investments in CRE property through direct ownership and joint ventures. ACRES Commercial Realty Corp. is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp. This manager is a private commercial real estate lender focused on nationwide middle market CRE lending, specifically in multifamily, student housing, hospitality, industrial, and office properties within top U.S. markets. The company aims to provide stockholders with total returns, including quarterly distributions and capital appreciation, while managing investment risks. The company finances a significant portion of its portfolio investments using borrowing strategies designed to align the maturities and repricing dates of its financings with those of its investments. Its investment strategy targets several types of CRE credit investments: floating-rate first mortgage loans (whole loans), first priority interests in first mortgage loans (A-notes), subordinated interests in first mortgage loans (B-notes), preferred equity investments related to CRE that are subordinate to first mortgage loans and not collateralized by the underlying property, and CRE equity investments.