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ACRES in the News

  • March 14, 2023

    ACRES Capital and Project Destined Announce Strategic Partnership to Mentor Underserved Students to Become the Next Generation of Commercial Real Estate Leaders

    UNIONDALE, NY (MARCH 14, 2023) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a nationwide commercial real estate middle-market lender, announced its partnership with Project Destined. ACRES Capital’s partnership will support Project Destined and its mission to provide training in financial literacy, entrepreneurship, and real estate to students from underserved communities. ACRES welcomed 15 students […]

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  • January 5, 2023

    ACRES Acquires $34M Self-Storage Loan

    Loan to Refinance Self-Storage Property in Hawthorne, CA HAWTHORNE, CA (JANUARY 5, 2023) – ACRES announced today that it has acquired a $34 million loan to refinance Life Storage Hawthorne on behalf of its Cayman Island fund.  Located in Hawthorne, CA, the property is a 91,113 SF Class A facility with a total of 986 units. Property […]

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  • December 5, 2022

    ACRES Funds $10.5M for Student Housing Development in Berkeley, CA 

    Loan to fund the acquisition and pre-development of proposed 12,792 SF Student Housing Project BERKELEY, CA (DECEMBER 5, 2022) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a nationwide commercial real estate middle-market lender, has originated a $10.5 million loan to fund the acquisition and pre-development of proposed student housing development 2538 Durant Avenue located in […]

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  • November 28, 2022

    ACRES Funds $83.725M for Multifamily Development in Frederick, MD

    Loan to fund the construction and stabilization of proposed 325,944 NRSF multifamily development FREDERICK, MD (NOVEMBER 28, 2022) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a nationwide commercial real estate middle-market lender, originated a $83.725 million loan to fund the construction and stabilization of Residences at East Church, located at 605 East Church Street in […]

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  • July 15, 2022

    ACRES Originates $74.75M Loan for Westin Gwinnett in Duluth, GA

    DULUTH, GA (JULY 18, 2022) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a nationwide commercial real estate middle-market lender, has originated a $74.75 million loan to fund the construction of the Westin Gwinnett Hotel in Duluth, Georgia. “The property’s proximity to Atlanta, coupled with being the first 4-star hotel of its kind in this market, will meet […]

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  • May 16, 2022

    ACRES Originates $24.9M Loan for Annapolis Self Storage in Annapolis

    Loan to fund the construction and stabilization of 751 self-storage units ANNAPOLIS, MD (May 6, 2022) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, has originated a $24.9 million loan to fund the development of Annapolis Self Storage in Annapolis, Maryland. Once completed, the proposed development will […]

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  • April 25, 2022

    ACRES Originates $19.25M Loan for Sawyer & Huck Apartments in Minneapolis 

    Loan to fund the development of multifamily building with 83 residential units MINNEAPOLIS (April 25, 2022) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, has originated a $19.25 million loan to fund the development of Sawyer & Huck (the “Property”) in Minneapolis. The proposed 46,504-square-foot multifamily building will house […]

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  • April 11, 2022

    ACRES Originates $73.375 Million Loan for Reflection Condominiums in St. Petersburg, Fla.

    Loan to fund the construction of 18-story building with 88 residential condominiums  ST. PETERSBURG, FLA. (April 4, 2022) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, has originated a $73.375 million loan to fund the development of Reflection Condominiums (the “Property”) in St. Petersburg, Florida. Located on a .70-acre […]

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  • March 28, 2022

    Boardwalk Apartments

    GARDEN CITY, ID (March 28, 2022) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, has originated a $67 million loan to fund the development of Boardwalk Apartments (the “Property”) in Garden City, Idaho. The plan is to develop a mixed-use, mid-rise structure consisting of 234 rental units, […]

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  • March 4, 2022

    ACRES Originates $34M Loan for The Rose at Great Neck

    Loan to fund the construction of condominiums in Great Neck, NY GREAT NECK, NY (March 4, 2022) – ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a leading commercial real estate middle-market lender, has originated a $34 million loan to fund the construction of The Rose at Great Neck Condominiums (the “Property”) in Great Neck, […]

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