Acres Commercial Realty Corp. · NYSE:ACR
Acres Commercial Realty — Merger or Acquisition (April 2026)
11 slides from Acres Commercial Realty's merger presentation, Apr 30, 2026
Slide 1: ACR Internalization and Acquisition of ACRES Capital Corp.
ACR INTERNALIZATION AND ACQUISITION OF ACRES CAPITAL CORP. April 30, 2026
Slide 2: Disclaimer
DISCLAIMER Forward-Looking Statements This presentation relates to a proposed acquisition by ACRES Commercial Realty Corp. (“ACR” or the “Company”) of its external manager, pursuant to the acquisition of ACRES Capital Corp., a parent of the external manager (the “Transaction”). The information set f
Slide 3: Benefits of the Proposed Combination
BENEFITS OF THE PROPOSED COMBINATION A Unique Real Estate Investment and Investment Management Platform Differentiated in the Public Markets Aninternally-managed An internally-managedREIT REITwith with An internally-managed Accelerated AUM growthREIT with through An internally-managed REIT with sign
Slide 4: Internalization and Acquisition of ACRES Capital Corp.
INTERNALIZATION AND ACQUISITION OF ACRES CAPITAL CORP. A Special Independent Committee of the ACR Board of Directors has unanimously approved the Transaction Transaction Overview(1) Enhanced Earnings Profile • On April 29, 2026, ACRES Commercial Realty Corp. (“ACR” or the “Company”) executed a defin
Slide 5: Transaction Rationale
TRANSACTION RATIONALE • ACR’s existing CRE loan portfolio with opportunity for growth Diversified Income Stream REIT = • Management & servicing fee streams Sustainable Dividend • Origination, application fees, insurance revenues and other fee-related income streams • GP investment income stream • To
Slide 6: Benefits of Transaction
BENEFITS OF TRANSACTION Larger asset base allows greater balance sheet flexibility and ability to grow and optimize portfolio ACR becomes a larger REIT with a nationwide presence Assets Under Management(1)(2) ($B) $5.0 $4.7 Billion $0.1 $4.5 $4.0 $3.5 $2.4 $3.0 $2.5 $2.2 Billion $2.0 $1.5 $1.0 $2.2
Slide 7: Key Expected Post-Transaction Metrics
KEY EXPECTED POST-TRANSACTION METRICS(1) Portfolio diversified by region and asset type post-internalization Geography Asset Type 1% 1% 2% 2% 2% 1% Multifamily / Housing 16% 1%< 1% 1% 8% 1% Office 5% 2% 2% 5% 1% 9% Hospitality 2% 1%< 3% 1% 1% 2% Mixed Use 9% 4% 2% 3% Self-Storage 8% 2% 2% 76% Indust
Slide 8: Hypothetical Estimated EAD Profile Post-Transaction
HYPOTHETICAL ESTIMATED EAD PROFILE POST-TRANSACTION The chart below is meant to display the illustrative earnings potential of the Company post-Transaction. It is not meant to represent performance guidance for any period.(1) ACR Internal Internal Internal Externally Case 1 Case 2 Case 3 Managed Pro
Slide 9: Benefits of Scale
BENEFITS OF SCALE Larger REITs typically trade at higher multiples Benefits of Scale 3-Year Trailing Average Price to Book Value(1) ▪ Typically, REITs with scale trade at higher 1.20x 1.02x multiples, have more research analyst 1.00x 0.93x coverage, greater trading liquidity and institutional owners
Slide 10: Leadership Overview
LEADERSHIP OVERVIEW Highly experienced leadership team with significant ownership in ACR ACR Management Team Andrew Fentress Jaclyn Jesberger Chairman, ACR Chief Legal officer, Chief Compliance Officer, ACR • Member of Investment Committee • ACR Board Chairman • Member of Management Committee • Memb
Slide 11: Key Takeaways
KEY TAKEAWAYS Direct alignment of management, diversified revenue streams and modest leverage drive increasing EAD for Shareholders ▪ Addition of expected recurring revenue streams should drive a growing, sustainable dividend ▪ Increase in fee paying AUM expected to diversify and expand ACR’s invest
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