ACRES Commercial Realty Corp. (ACR)

13.97 +0.15 (+1.09%) At close: 04:00PM EDT

ACRES Commercial Realty Corp.

390 RXR Plaza
Uniondale, NY 11556
United States
516 535 0015
https://www.acresreit.com

Sector(s): Real Estate
Industry: REIT - Mortgage
Full-time employees: 

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Mark Steven Fogel	President, CEO & Director	N/A	N/A	1969
Mr. Eldron C. Blackwell	Senior VP, CFO & Treasurer	296.88k	N/A	1979
Ms. Jaclyn Alyce Jesberger	Chief Legal Officer, Senior VP & Secretary	217.63k	N/A	1978
Mr. Kyle K. Brengel	Vice President of Operations	N/A	N/A	1991
Ms. Linda M. Kilpatrick	VP, Chief Accounting Officer & Controller	N/A	N/A	1973
Mr. Steven Landgraber	Senior Vice President of Corporate Finance & Investor Relations Officer	N/A	N/A	N/A
Mr. Jeffrey Dean Blomstrom	Senior Vice President	N/A	N/A	1969
Mr. George Edward Carleton	Executive Vice President of Resource America	N/A	N/A	1959
Mr. Paul Andrew Hughson J.D.	Executive VP of Commercial Real Estate Lending Business Division	N/A	N/A	1962
Mr. George E. Carlton	Head of CMBS Investing	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and equity investments in commercial real estate property in the United States. It invests in commercial real estate-related assets, including floating-rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine financing, preferred equity investments, and commercial mortgage-backed securities. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. 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.

Corporate governance

ACRES Commercial Realty Corp.’s ISS governance QualityScore as of 1 April 2024 is 6. The pillar scores are Audit: 2; Board: 7; Shareholder rights: 7; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.