ACRES Capital Corp. (together with its subsidiaries, “ACRES”), a New York based private investment firm that provides debt capital solutions for the commercial real estate industry, is proud to announce that Richard P. Sicoli has joined the senior leadership team as Chief Financial Officer of ACRES Capital, LLC, a SEC registered investment adviser. In his new role, Mr. Sicoli will lead the ACRES financial team in the accounting, financial reporting, treasury, and servicing functions of the firm. He will provide both strategic and operational support for the ACRES family of companies.
Prior to joining ACRES, Mr. Sicoli was co-founder and Chief Financial Officer at J.G. Fogg & Company. Before co-founding J.G. Fogg & Company, Mr. Sicoli was an Audit and Accounting Manager at Price Waterhouse. He is a Certified Public Accountant and holds a Bachelor of Business Administration in Public Accounting from Hofstra University. With over 25 years of private investment, consulting and financial accounting experience, Mr. Sicoli brings both breadth and depth of expertise to the ACRES team.
ACRES is a direct lender operating on a nationwide platform. The company seeks opportunities in the $5 million to $50 million range on stabilized and transitional properties including multifamily, retail, office, hospitality, and industrial. As of June 30, 2018 ACRES has over $800 million of assets under management.
For more information please contact Andrew Fentress at (516) 206-1357 or via email at firstname.lastname@example.org.