Eagle Point Adjusts Holdings in ACRES Commercial Realty

Eagle Point Credit Management and its affiliated entities have recently made adjustments to their investment holdings in ACRES Commercial Realty, reflecting a strategic reassessment of their position in the real estate finance sector.

According to the latest disclosure, the firm executed a series of sales involving both preferred and common stock of ACRES. On December 3 and December 4, Eagle Point Credit Management, in conjunction with its affiliate Eagle Point DIF GP I LLC, sold portions of their 8.625% Series C and 7.875% Series D Preferred Stocks. These transactions were executed at weighted average prices slightly exceeding $25 per share for Series C and just over $23 for Series D securities.

Additionally, the report reveals that Eagle Point maintains significant indirect ownership of ACRES' common stock. These holdings are managed through dedicated private investment funds and accounts under the direction of Eagle Point Credit Management and its affiliate.

The transactions underscore the routine portfolio management strategies employed by Eagle Point, which regularly revises its asset allocations to optimize performance. Despite these sales, the firm retains substantial interests in ACRES, aligning with its ongoing investment approach.

The filing also includes standard disclaimers, noting that Eagle Point and its affiliates disclaim complete beneficial ownership of the reported securities. This is in accordance with regulatory requirements that ensure transparency and proper delineation of investment control.

The adjustments take place in a dynamic market environment for real estate finance. Eagle Point’s measured recalibration of its holdings reflects its commitment to strategic portfolio management amid evolving market conditions, demonstrating its focus on long-term financial stability and growth.