ACRES Commercial Realty Corp. to Acquire ACRES Capital Corp. and Internalize Management
ACRES Commercial Realty Corp. (ACR) has entered into a merger agreement to acquire ACRES Capital Corp. (ACC) and internalize its management, transitioning from an externally-managed REIT to an internally-managed one. The deal involves issuing approximately 7.5 million shares of ACR stock to ACC shareholders at fully diluted book value. The transaction is expected to close in Q3 2026.
Topics: acquisition internalization merger reit stock issuance