Acres Commercial Realty ends external management, shifts to internally managed REIT
ACR•Share issuance and dilution impact
It issued about 7,500,000 shares to Acres Capital stockholders; net common shares outstanding rose about 6,300,000.
Acres Commercial Realty completes acquisition of Acres Capital
Acres Commercial Realty completed its acquisition of Acres Capital in an all-stock deal, shifting from external to internal management.
The transaction ended the existing management agreement, removing the external manager structure.
