Eagle Point Credit Management LLC Sells Shares of ACR $ACR
Key Points
- Eagle Point Credit Management LLC sold 849 shares of ACRES Commercial Realty Corp. ($ACR) worth $21,624.
- $ACR last traded around $18.02.
Eagle Point Credit Management LLC, insider at ACRES Commercial Realty Corp. ($ACR), sold 849 shares at an average price of $25.47, for a total transaction of $21,624. The trade was disclosed in a Form 4 filing with the Securities and Exchange Commission.
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About ACRES Commercial Realty Corp.
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. The company invests in commercial real estate credit investments, 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 CRE whole loans, and equity investments. It 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.
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