ACR to acquire external manager ACRES Capital Corp., become internally managed REIT
ACRES Commercial Realty Corp.
All-stock merger: ACC shareholders receive 2.61882 ACR shares per ACC share; ~7.5M new ACR shares issued at fully diluted book value.
AUM expands from $2.2B to $4.7B; management to own >45% of common equity post-close, aligning interests.
Closing expected Q3 2026, subject to ACR stockholder approval of share issuance and NYSE listing.
Andrew Fentress appointed Managing Director – Capital Markets (principal executive officer); Martin Reasoner and Kyle Brengel as Managing Director and COO, effective at closing.
Charter amended to reduce stock ownership limit from 9.8% to 4.34% effective April 29, 2026.
On April 29, 2026, the Board, upon recommendation from the Compensation Committee of the Board (the “ Compensation Committee ”), appointed Andrew Fentress as the Company’s Managing Director – Capital Markets, Martin Reasoner as the Company’s Managing Director – Originations, and Kyle K. Brengel as the Company’s Chief Operating Officer, each effective at Closing and upon execution of their respective Employment Agreements (as further discussed below).
Appointed
Andrew Fentress
Managing Director – Capital Markets
ACRES Commercial Realty Corp.
Filed
Apr 30, 2026 23:59 UTC
On April 29, 2026, the Board, upon recommendation from the Compensation Committee of the Board (the “ Compensation Committee ”), appointed Andrew Fentress as the Company’s Managing Director – Capital Markets, Martin Reasoner as the Company’s Managing Director – Originations, and Kyle K. Brengel as the Company’s Chief Operating Officer, each effective at Closing and upon execution of their respective Employment Agreements (as further discussed below).
Appointed
Martin Reasoner
Managing Director – Originations
ACRES Commercial Realty Corp.
Filed
Apr 30, 2026 23:59 UTC
On April 29, 2026, the Board, upon recommendation from the Compensation Committee of the Board (the “ Compensation Committee ”), appointed Andrew Fentress as the Company’s Managing Director – Capital Markets, Martin Reasoner as the Company’s Managing Director – Originations, and Kyle K. Brengel as the Company’s Chief Operating Officer, each effective at Closing and upon execution of their respective Employment Agreements (as further discussed below).
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