REIT - Mortgage
Industry
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Real Estate
Sector
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Mr. Mark Steven Fogel
CEO
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XFRA
Exchange
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US00489Q1022
ISIN
|
United States
Country
|
-
Employees
|
30 Apr 2024
Last Dividend
|
-
Last Split
|
-
IPO Date
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ACRES Commercial Realty Corp. operates as a Real Estate Investment Trust (REIT) concentrating on the origination, holding, and management of commercial real estate mortgage loans and other related debt investments within the United States. As a REIT, ACRES Commercial Realty Corp. is primarily engaged in investing in a diverse portfolio of commercial real estate assets. For federal income tax purposes, the company is structured to qualify as a REIT, which allows it to avoid federal corporate income taxes on the condition that it distributes at least 90% of its taxable income to its shareholders. Originally known as Exantas Capital Corp., the entity underwent a name change to ACRES Commercial Realty Corp. in February 2021. Incorporated in 2005, its headquarters are located in Uniondale, New York.
ACRES Commercial Realty Corp. offers a wide range of investment products and services centered around commercial real estate, including: