Acres Commercial Realty Corp. · NYSE:ACR

Acres Commercial Realty — Exantas Capital — Investor Presentation (August 2020)

9 slides from Acres Commercial Realty's investor presentation, Aug 3, 2020

  1. Slide 1: Exantas Investor Presentation, August 3, 2020

    EXANTAS is Vy, Tee! da V4

  2. Slide 2: Forward Looking Statements and Other Disclosures

    FORWARD LOOKING STATEMENTS AND OTHER DISCLOSURES This presentation contains forward-looking statements within the meaning of federal securities laws. These forward-looking statements are not historical facts but rather are based on our current beliefs, assumptions and expectations. These beliefs, as

  3. Slide 3: Forward Looking Statements and Other Disclosures (Continued)

    FORWARD LOOKING STATEMENTS AND OTHER DISCLOSURES (CONTINUED) Past performance is not indicative of future results. There is no guarantee that any investment strategy referenced herein will work under any market conditions. Prior to making any investment decision, you should evaluate your ability to

  4. Slide 4: Transaction Overview

    TRANSACTION OVERVIEW  ACRES Capital, LLC, a subsidiary of ACRES Capital Corp. (collectively, "ACRES"), is pleased to announce its purchase of the Management Agreement of Exantas Capital Corp. (“Exantas,” “XAN”, or the “Company”) from an affiliate of C-III Capital Partners (“C-III”), and the appoint

  5. Slide 5: ACRES Capital Overview

    ACRES CAPITAL OVERVIEW  ACRES is a private commercial real estate lender exclusively dedicated to nationwide middle market CRE lending with a focus on multifamily, student housing, hospitality, office and independent senior living in top US markets  As of June 2020, ACRES manages and services $1.1

  6. Slide 6: ACRES Management Team

    ACRES MANAGEMENT TEAM Andrew Fentress – Chairman, Exantas(1) Mark Fogel – President & CEO, Exantas(1) • Managing Partner and Head of Capital Markets at • Founded ACRES in 2012 and serves as President ACRES and CEO • Previously co-founded Medley, a private lender in • Previously served as Head of Ass

  7. Slide 7: Senior Secured Financing Overview

    SENIOR SECURED FINANCING OVERVIEW Key Terms(1) Strategic Rationale Massachusetts Mutual Life Insurance Company  Exantas can draw on the MassMutual facility to fully Lender repay its repurchase and warehouse facilities, (“MassMutual”) eliminating the potential for any future margin calls under those

  8. Slide 8: Unsecured Notes Overview

    UNSECURED NOTES OVERVIEW Key Terms(1) Strategic Rationale Fund managed by Oaktree Capital Management, L.P. (“Oaktree”);  Initial investment of $50 million at close with Investors Massachusetts Mutual Life Insurance Company additional $75 million available over 18 months at (“MassMutual”) Exantas’s

  9. Slide 9: Transaction Strategic Benefits

    TRANSACTION STRATEGIC BENEFITS  ACRES is a dedicated middle market real estate lender with a robust origination platform and a proven ability to source and maintain sponsor relationships that will benefit Exantas as it restarts its originations business  Proactive approach to asset management is i

Exantas Capital — Investor Presentation (August 2020) on 6ix