Fentress reports 7.99% ACRES Commercial Realty (NYSE: ACR) stake

Rhea-AI Filing Summary

ACRES Commercial Realty Corp. insiders and affiliated entities have disclosed significant ownership positions following completion of a merger involving the company’s external manager. Andrew Fentress beneficially owns 1,074,654 shares of common stock, representing 7.99% of the class, based on 13,452,489 shares outstanding as of August 6, 2026.

ESD Capital, LLC holds 988,453 shares (7.35%), while Priority One Productions LLC and Wendy Fentress each hold 892,213 shares (6.63%). These positions arose when ACRES Capital Corp. was merged into a subsidiary of the company, with each ACC share converted into 2.61882 ACRES common shares, resulting in 1,880,666 shares issued to the reporting holders.

Filing Explained

The August 6, 2026 merger is the stated source of the reporting persons’ holdings; Items 4(c)–(j) and 6 are marked “Not applicable,” so the filing discloses no additional transaction purpose or securities arrangements.

Key Figures

Andrew Fentress shares: 1,074,654 shares Andrew Fentress ownership percentage: 7.99 % ESD Capital, LLC shares: 988,453 shares +5 more

8 metrics

Andrew Fentress shares 1,074,654 shares Beneficial ownership of ACRES Commercial Realty common stock

Andrew Fentress ownership percentage 7.99 % Percentage of ACRES Commercial Realty common stock class

ESD Capital, LLC shares 988,453 shares Beneficial ownership of ACRES Commercial Realty common stock

Priority One Productions LLC shares 892,213 shares Beneficial ownership of ACRES Commercial Realty common stock

Wendy Fentress shares 892,213 shares Beneficial ownership of ACRES Commercial Realty common stock

Merger conversion ratio 2.61882 shares ACR shares issued per ACC common share at the Effective Time

Shares issued to reporting persons 1,880,666 shares ACR common stock issued to the reporting holders in the merger

Shares outstanding 13,452,489 shares ACR common stock outstanding as of August 6, 2026

Key Terms

Beneficially owned, Sole Voting Power, Sole Dispositive Power, Agreement and Plan of Merger, +1 more

5 terms

Beneficially owned regulatory

"11Aggregate amount beneficially owned by each reporting person 1,074,654.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power regulatory

"Number of Shares Beneficially Owned by Each Reporting Person With: | 7 | Sole Voting Power 1,029,855.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power regulatory

"9 | Sole Dispositive Power 1,029,855.00 10 | Shared Dispositive Power 44,799.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Agreement and Plan of Merger regulatory

"entered into an Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which ACC will be merged"

An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

Effective Time regulatory

"The Merger was completed pursuant to the terms of the Merger Agreement on August 6, 2026 (the "Effective Time")."

The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.

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Available on EDGAR 08/07/2026 - 04:05 PM Accepted by SEC EDGAR 08/07/2026 - 04:05 PM Learn about SEC filing dates

FAQ

What stake in ACRES Commercial Realty (ACR) does Andrew Fentress report?

Andrew Fentress reports beneficial ownership of 1,074,654 ACRES Commercial Realty shares, a 7.99% stake. This percentage is calculated using 13,452,489 ACRES common shares outstanding as of August 6, 2026, as disclosed in the company’s Form 8-K.

How many ACRES Commercial Realty (ACR) shares do ESD Capital and Priority One Productions own?

ESD Capital, LLC beneficially owns 988,453 ACRES Commercial Realty shares, or 7.35% of the class. Priority One Productions LLC, and separately Wendy Fentress, each report beneficial ownership of 892,213 shares, representing 6.63% of the outstanding common stock.

How did the Fentress-related entities acquire their ACRES Commercial Realty (ACR) shares?

Their positions arose from a merger in which ACRES Capital Corp. was combined with a company subsidiary. Each ACC common share was converted into 2.61882 ACRES common shares, and an aggregate of 1,880,666 ACRES shares were issued to the reporting holders in connection with this transaction.

What share count for ACRES Commercial Realty (ACR) underlies the reported ownership percentages?

The reported ownership percentages use a base of 13,452,489 ACRES Commercial Realty common shares outstanding. This outstanding share figure comes from the company’s Form 8-K dated August 6, 2026, and is referenced in the beneficial ownership calculations for each reporting person.

What roles do Andrew and Wendy Fentress have in relation to ACRES Commercial Realty (ACR)?

Andrew Fentress serves as Chairman of the Board and Managing Director - Capital Markets of ACRES Commercial Realty. Wendy Fentress is his spouse and the controlling member of Priority One Productions LLC, a holding company for their investments that also holds ACRES shares.

Which entities are included in the joint beneficial ownership disclosure for ACRES Commercial Realty (ACR)?

The disclosure is made jointly by Andrew Fentress, ESD Capital, LLC, Priority One Productions LLC, and Wendy Fentress. They state that making a joint statement does not constitute an admission that they form a group under the Securities Exchange Act.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

ACRES Commercial Realty Corp.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

00489Q102

(CUSIP Number)

Jaclyn Jesberger
ACRES Commercial Realty Corp., 390 RXR Plaza
Uniondale, NY, 11556
(516) 535-0015

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/06/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 00489Q102

1

Name of reporting person

Andrew Fentress

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,029,855.00
8	Shared Voting Power 44,799.00
9	Sole Dispositive Power 1,029,855.00
10	Shared Dispositive Power 44,799.00

11

Aggregate amount beneficially owned by each reporting person

1,074,654.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.99 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

The calculation of the foregoing percentage is based on 13,452,489 shares of Common Stock outstanding, as reported in the periodic report on Form 8-K of ACRES Commercial Realty Corp. as filed with the Securities and Exchange Commission on August 6, 2026.

SCHEDULE 13D

CUSIP Number(s): 00489Q102

1

Name of reporting person

ESD Capital, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 988,453.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 988,453.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

988,453.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.35 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The calculation of the foregoing percentage is based on 13,452,489 shares of Common Stock outstanding, as reported in the periodic report on Form 8-K of ACRES Commercial Realty Corp. as filed with the Securities and Exchange Commission on August 6, 2026.

SCHEDULE 13D

CUSIP Number(s): 00489Q102

1

Name of reporting person

Priority One Productions LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 892,213.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 892,213.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

892,213.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.63 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The calculation of the foregoing percentage is based on 13,452,489 shares of Common Stock outstanding, as reported in the periodic report on Form 8-K of ACRES Commercial Realty Corp. as filed with the Securities and Exchange Commission on August 6, 2026.

SCHEDULE 13D

CUSIP Number(s): 00489Q102

1

Name of reporting person

Wendy Fentress

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 892,213.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 892,213.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

892,213.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.63 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

The calculation of the foregoing percentage is based on 13,452,489 shares of Common Stock outstanding, as reported in the periodic report on Form 8-K of ACRES Commercial Realty Corp. as filed with the Securities and Exchange Commission on August 6, 2026.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: ACRES Commercial Realty Corp.
(c)	Address of Issuer's Principal Executive Offices: 390 RXR Plaza, Uniondale, NEW YORK , 11556.
Item 2.	Identity and Background
(a)	This Schedule 13D is being filed by (i) Andrew Fentress, (ii) ESD Capital, LLC, a Delaware limited liability company, (iii) Priority One Productions LLC, a New York limited liability company, and (iv) Wendy Fentress. Mr. Fentress is the sole member of ESD Capital, LLC. Ms. Fentress is the controlling member of Priority One Productions LLC. Although the Reporting Persons are making this joint filing, neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Reporting Persons that a group exists within the meaning of the Exchange Act of 1934, as amended.
(b)	The principal business address of each reporting person is: 390 RXR Plaza, Uniondale, NY 11556.
(c)	The principal occupation of Mr. Fentress is to serve as Chairman of the Board and Managing Director - Capital Markets of the issuer. Ms. Fentress is the spouse of Mr. Fentress. The principal businesses of ESD Capital, LLC and Priority One Productions LLC are to serve as holding companies for Mr. Fentress and Ms. Fentress' investments.
(d)	Not applicable
(e)	Not applicable
(f)	Andrew Fentress - United States of America ESD Capital, LLC - Delaware Priority One Productions LLC - New York Wendy Fentress - United States of America
Item 3.	Source and Amount of Funds or Other Consideration
	On April 29, 2026, ACRES Commercial Realty Corp. (the "Company") and ACRES Holdings Sub LLC ("Merger Sub"), a subsidiary of the Company, on the one hand, and ACRES Capital Corp ("ACC") and ACRES Capital, LLC, a subsidiary of ACC and the external manager of the Company (the "Manager"), on the other hand, entered into an Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which ACC will be merged with and into Merger Sub, with Merger Sub surviving as a wholly-owned subsidiary of the Company (the "Merger"). The Merger was completed pursuant to the terms of the Merger Agreement on August 6, 2026 (the "Effective Time"). At the Effective Time, each outstanding share of common stock, $0.0001 par value per share, of ACC ("ACC Common Stock") was converted into 2.61882 shares of common stock, $0.001 par value per share, of the Company (the "ACR Common Stock"). As a result of the reporting persons' ownership of the Manager and allocations of ACR Common Stock, an aggregate of 1,880,666 shares of ACR Common Stock were issued to the Reporting Persons in connection with the Merger.
Item 4.	Purpose of Transaction
	(a) See Item 3 for a discussion of the Merger. (b) See Item 3 for a discussion of the Merger. (c) Not applicable (d) Not applicable (e) Not applicable (f) Not applicable (g) Not applicable (h) Not applicable (i) Not applicable (j) Not applicable
Item 5.	Interest in Securities of the Issuer
(a)	Andrew Fentress Amount beneficially owned: 1,074,654 Percentage: 7.99% ESD Capital, LLC Amount beneficially owned: 988,453 Percentage: 7.35% Priority One Productions LLC Amount beneficially owned: 892,213 Percentage: 6.63% Wendy Fentress Amount beneficially owned: 892,213 Percentage: 6.63% The calculation of the foregoing percentage is based on 13,452,489 shares of Common Stock outstanding, as reported in the periodic report on Form 8-K of ACRES Commercial Realty Corp. as filed with the Securities and Exchange Commission on August 6, 2026.
(b)	Andrew Fentress Number of shares to which the Reporting Person has: i. Sole power to vote or to direct the vote: 1,029,855 ii. Shared power to vote or to direct the vote: 44,799 iii. Sole power to dispose or to direct the disposition of: 1,029,855 iv. Shared power to dispose or to direct the disposition of: 44,799 ESD Capital, LLC Number of shares to which the Reporting Person has: i. Sole power to vote or to direct the vote: 988,453 ii. Shared power to vote or to direct the vote: 0 iii. Sole power to dispose or to direct the disposition of: 988,453 iv. Shared power to dispose or to direct the disposition of: 0 Priority One Productions LLC Number of shares to which the Reporting Person has: i. Sole power to vote or to direct the vote: 892,213 ii. Shared power to vote or to direct the vote: 0 iii. Sole power to dispose or to direct the disposition of: 892,213 iv. Shared power to dispose or to direct the disposition of: 0 Wendy Fentress Number of shares to which the Reporting Person has: i. Sole power to vote or to direct the vote: 892,213 ii. Shared power to vote or to direct the vote: 0 iii. Sole power to dispose or to direct the disposition of: 892,213 iv. Shared power to dispose or to direct the disposition of: 0
(c)	Not applicable
(d)	Not applicable
(e)	Not applicable
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Not applicable.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 10.1 - Agreement and Plan of Merger, dated April 29, 2026, by and among ACRES Commercial Realty Corp. ACRES Holdings Sub LLC, ACRES Capital Corp and ACRES Capital, LLC (incorporated by reference to Exhibit 2.1 to the Company's Current Report on Form 8-K (File No. 001-32733) filed with the SEC on April 30, 2026). Exhibit 99.1 - Joint Filing Agreement

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Andrew Fentress

Signature:	/s/ Andrew Fentress
Name/Title:	Andrew Fentress
Date:	08/06/2026

ESD Capital, LLC

Signature:	/s/ Andrew Fentress
Name/Title:	Andrew Fentress, its sole member
Date:	08/06/2026

Priority One Productions LLC

Signature:	/s/ Wendy Fentress
Name/Title:	Wendy Fentress, its controlling member
Date:	08/06/2026

Wendy Fentress

Signature:	/s/ Wendy Fentress
Name/Title:	Wendy Fentress
Date:	08/06/2026