ACRES Commercial Realty Adds $5 Million to Stock Buyback Program
The board of directors at ACRES Commercial Realty Corp. has authorized an additional $5 million for the company's existing share repurchase program. This move allows the Uniondale-based mortgage REIT to acquire its common stock through open market purchases, block trades, or private negotiations under federal securities regulations.
Management retains discretion over the timing and volume of these repurchases, citing market conditions as the primary driver for any future execution. The company, which specializes in middle-market commercial real estate loans and equity investments, operates across multifamily, hospitality, student housing, and industrial sectors in key U.S. markets. While the board has approved the allocation, the firm noted that actual repurchase activity remains subject to internal evaluation and shifting economic variables.
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