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Mergers & AcquisitionsMediumUpdated•Originally published 30 April 2026•Updated 30 April 2026•

1 min read

ACRES Commercial Realty to Internalize Management via ACRES Capital Acquisition

Key Facts

1ACRES Commercial Realty Corp. entered into a definitive merger agreement to acquire ACRES Capital Corp. in an all-stock transaction.

2The transaction aims to internalize management and enhance the earnings profile through significant third-party revenue streams.

about 1 month ago

Version History

Version 1about 1 month ago

What changed: Added details regarding the requirement for shareholder approval and specified the current yield for the Series D preferred shares (ACR.PR.D).

ACRES Commercial Realty Corp. (ACR) has entered into a definitive merger agreement to acquire its external manager, ACRES Capital Corp., in an all-stock transaction that remains subject to shareholder approval. This strategic internalization is designed to align management interests with shareholders and improve operational efficiency by eliminating external management fees. The transaction is expected to enhance the company's earnings profile by generating significant third-party revenue streams while maintaining management continuity. Notably, the current yield for the company's Series D preferred equity (ACR.PR.D) stands at 9.15%. This transition is generally viewed as a bullish development for the REIT's long-term value proposition. The move underscores ACR's commitment to scaling its platform and optimizing its capital structure.