ACRES Commercial Realty Announces Q1 Earnings and New Securitization
ACRES Commercial Realty completed a $1 billion securitization, increasing its GAAP leverage to 3.4x and expanding the loan portfolio by $374.4 million. The company also announced plans for an internalization transaction expected in July that could support higher dividends without raising balance-sheet leverage.
Topics: balance sheet commercial real estate dividend strategy internalization securitization