Latest Thesis
ACRES Commercial Realty: the REIT asking holders to trade dilution for control
ACRES Commercial Realty has a $2.2 billion CRE loan book, $29.98 of book value per share, and 96.2% of loans current on contractual payments, but the next real decision is whether a roughly 7.5 million-share internalization makes the common stock better or just bigger.
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