ACRES Commercial Realty Corp. Announces the Appointment of Two New Members to its Board of Directors
WESTBURY, NY, June 10, 2021 / PRNewswire / – ACRES Commercial Realty Corp. (NYSE: ACR) (“ACRES” or the “Company”) announced that Karen Edwards and Dawanna Williams were appointed to its board of directors. Ms. Edwards brings 30 years of financial services industry experience, including 13 years on the board of a commercial mortgage REIT. Ms. Williams has more than 20 years of real estate experience and, through her experience in real estate law, gives valuable insights into current and future developments in the industry.
“We are pleased to welcome two new members to the ACRES Board of Directors. They each bring extensive expertise with relevant experience in the areas of real estate, finance and corporate governance,” said Andrew Fentress, Chairman of the Board. “We look forward to your insights and input as the entire ACRES team continues to focus on growth and creating shareholder value.”
Karen Edwards is a partner at Boyden Global Executive Search. She was previously President and Chief Executive Officer of Kosiba Edwards Associates. She co-founded the investment banking group of Friedman, Billings Ramsey & Co. in 1992 and later worked in asset management for GenSpring Family Offices (now part of Truist Bank). As a Chartered Financial Analyst, Ms. Edwards is a member of the Board of Trustees of the Darden School at the University of Virginia. Ms. Edwards previously served as a director of the Arbor Realty Trust, where she served on the Nominations and Governance Committee and Audit Committee.
Dawanna Williams is the founder of Dabar Development Partners, a real estate development and investment company specializing in the conversion, renovation and new construction of real estate, mainly in New York Cityand has been managing director ever since September 2003. She also serves on the boards of the New York Real Estate Chamber, the New York City Trust for Cultural Resources and the Apollo Theater as Chair of the Real Estate Committee. Ms. Williams was previously General Counsel of Victory Education Partners and began her career in various positions with Paul Hastings and Sidley Austin LLP.
About ACRES
ACRES Commercial Realty Corp. is a real estate investment trust primarily focused on the issuing, holding and management of mortgage loans for commercial real estate and other real estate-related debt investments. The company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., a private commercial real estate lender that specializes exclusively in nationwide lending to midsize commercial real estate with a focus on apartment buildings, student dormitories, hospitality, industrial and office properties -Markets. For more information, please visit the company’s website at www.acresreit.com or contact Investor Relations at [email protected].
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements can generally be made through our use of forward-looking terminology such as “may”, “trend”, “will”, “continue”, “expect”, “intend”, “anticipate”, “estimate”, “” believe “”, “Looking ahead,” or similar words or terms. Because such statements involve risks, uncertainties and contingencies, actual results could differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied in such forward-looking statements Factors that could affect future results are discussed in documents the company filings with the Securities and Exchange Commission from time to time and the company assumes no obligation to update or revise any forward-looking statements to reflect new or changing information or events after or before the date of this publication to reflect anticipated events, unless required by law.
SOURCE ACRES Commercial Realty Corp.
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https://www.acresreit.com