Founded in 2012, ACRES Capital Corp. (“ACC”) is a commercial real estate (“CRE”) investment manager that was acquired by ACRES Commercial Realty Corp. (NYSE: ACR, “ACRES”, or “the company”) in August 2026 as part of an internalization. Following the transaction, ACR operates an integrated CRE lending and investment management platform, encompassing its publicly traded REIT operations, ACRES Mortgage Fund, Ltd. (“AMF”), and separately managed accounts (“SMAs”).
Transaction Summary
On August 6, 2026, ACR completed its internalization of ACC and related cash flow streams. The transaction also coincided with a $55 million upsize of an existing Barings senior secured term loan to $185 million total and the issuance of $200 million senior secured notes. Proceeds of the notes were intended to be used to refinance $150 million maturing senior notes, with the balance to be used for general corporate purposes.
In addition, ACRES is authorized to…
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