ACR News & Events

"The ACRES origination team was extremely active during Q4, adding $571M of high-quality loans to our portfolio. Origination momentum continued into the first quarter of this year, which led to the closing of a $1B CRE CLO in February," said CEO Mark Fogel. "Our exceptional asset management team continued to build on their successful track record. We are now down to a handful of watchlist assets, all of which have plans in place to produce positive outcomes. As we look ahead, our plan is to continue to grow the portfolio and earnings by providing loans to best-in-class sponsors in top markets across the United States."

"The ACRES origination team was extremely active during Q4, adding $571M of high-quality loans to our portfolio. Origination momentum continued into the first quarter of this year, which led to the closing of a $1B CRE CLO in February," said CEO Mark Fogel. "Our exceptional asset management team continued to build on their successful track record. We are now down to a handful of watchlist assets, all of which have plans in place to produce positive outcomes. As we look ahead, our plan is to continue to grow the portfolio and earnings by providing loans to best-in-class sponsors in top markets across the United States."

ACRES Commercial Realty Corp. announced that its board of directors authorized and approved the continued use of its existing share repurchase program to repurchase an additional $7.5M of the outstanding shares of both its common and preferred stock.