Eagle Point Trims Stake in ACRES Commercial Realty Preferred Shares

Despite the sale, the investment firm retains substantial holdings across ACRES’ common and preferred equity classes.

July 28, 2025

Stake Reduction Reflects Active Portfolio Management

Eagle Point Credit Management recently sold a portion of its stake in ACRES Commercial Realty Corp.’s 7.875% Series D Preferred Stock. The sale was disclosed in a Form 4 submitted to the SEC on July 24, covering trades executed on July 22 and 23. While modest in scale, the transactions reflect Eagle Point’s ongoing portfolio adjustments and its active role as a major institutional holder in the real estate lending space.

On July 22, Eagle Point sold 15,084 shares at $22.30. The next day, it sold another 100 shares at $22.32. These shares were held through client accounts managed by the firm. After the transactions, Eagle Point’s indirect ownership in the Series D Preferred Stock now stands at 819,709 shares.

Eagle Point continues to hold a substantial position in ACRES. Alongside the preferred shares, it maintains:

• Over 1.17 million shares of common stock


• 393,646 shares of the 8.625% Series C Preferred Stock

All shares are held indirectly, across a set of managed accounts and funds.

Ownership Structure and Intentions

Eagle Point DIF GP I LLC—an affiliate acting as general partner to some of those accounts—was also listed in the filing. Both it and Eagle Point Credit Management disclaimed any personal or proprietary interest in the securities. That means the activity reflects client-level positioning, not internal investment strategy.

The transactions were priced within narrow ranges, and the firm noted that it’s ready to provide full breakdowns upon request. From the outside, these trades look like tactical rebalancing decisions, not a signal of broader change. Eagle Point remains a 10% owner of ACRES and holds a board seat.

Institutional Activity, Long-Term Outlook

This kind of movement is typical of how institutional managers stay responsive. It’s about fine-tuning exposure while continuing to support a long-term investment. And for a market that relies on consistency, it’s a reminder of how large holders manage activity without stepping away from core positions.