Oaktree entities report 0% ACRES Commercial (NYSE: ACR) ownership

Rhea-AI Filing Summary

ACRES Commercial Realty Corp. received an amended Schedule 13G/A from former significant holders XAN Holdings PT, LLC and related Oaktree entities. The filing states that each reporting person now beneficially owns 0 shares of ACRES common stock and represents 0% of the outstanding class as of 12/31/2025. They report no sole or shared voting power and no sole or shared power to dispose of any shares. The amendment confirms that these institutional holders now own 5 percent or less of ACRES’ common stock.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

ACRES Commercial Realty Corp.

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

00489Q102

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 00489Q102

1

Names of Reporting Persons

OCM XAN Holdings PT, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. 00489Q102

1

Names of Reporting Persons

Oaktree Capital Holdings, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 00489Q102

1

Names of Reporting Persons

Oaktree Capital Group Holdings GP, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ACRES Commercial Realty Corp.
(b)	Address of issuer's principal executive offices: 865 Merrick Avenue, Suite 200 S, Westbury, NY, 11590
Item 2.
(a)	Name of person filing: This Schedule 13G/A is filed jointly by each of the following persons (collectively, the "Reporting Persons"): (1) OCM XAN Holdings PT, LLC ("OCM XAN Holdings"), Delaware limited partnership; (2) Oaktree Capital Holdings, LLC ("OCH"), in its capacity as the indirect manager of OCM Xan Holdings; and (3) Oaktree Capital Group Holdings GP, LLC ("OCGH"), a Delaware limited liability company, in its capacity as the indirect owner of the class B units of OCH.
(b)	Address or principal business office or, if none, residence: The principal business address of each of the Reporting Persons is 333 S. Grand Avenue, 28th Floor, Los Angeles, CA 90071.
(c)	Citizenship: See responses to row 4 on each cover page.
(d)	Title of class of securities: Common Stock, $0.001 par value per share
(e)	CUSIP No.: 00489Q102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See responses to row 9 on each cover page.
(b)	Percent of class: See responses to row 11 on each cover page.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See responses to row 5 on each cover page.
	(ii) Shared power to vote or to direct the vote: See responses to row 6 on each cover page.
	(iii) Sole power to dispose or to direct the disposition of: See responses to row 7 on each cover page.
	(iv) Shared power to dispose or to direct the disposition of: See responses to row 8 on each cover page.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

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.

OCM XAN Holdings PT, LLC

Signature:	/s/ Henry Orren
Name/Title:	Henry Orren/Authorized Signatory
Date:	01/21/2026

Oaktree Capital Holdings, LLC

Signature:	/s/ Brian Price
Name/Title:	Brian Price/Authorized Signatory
Date:	01/21/2026

Oaktree Capital Group Holdings GP, LLC

Signature:	/s/ Brian Price
Name/Title:	Brian Price/Authorized Signatory
Date:	01/21/2026

FAQ

What does the Schedule 13G/A filed for ACR disclose?

The Schedule 13G/A shows that XAN Holdings PT, LLC and related Oaktree entities now report 0 shares of ACRES Commercial Realty common stock, representing 0% of the class.

Who are the reporting persons in the ACRES (ACR) Schedule 13G/A?

The reporting persons are XAN Holdings PT, LLC, Oaktree Capital Holdings, LLC, and Oaktree Capital Group Holdings GP, LLC, all organized in Delaware.

How much of ACRES Commercial Realty (ACR) does Oaktree now own?

According to the filing, the Oaktree-related reporting persons collectively have an aggregate beneficial ownership of 0 shares, or 0% of ACRES’ common stock.

Do the reporting persons have any voting power over ACR shares?

The filing reports 0 sole voting power and 0 shared voting power for each reporting person, indicating no voting authority over ACRES shares.

Why is Item 5 ‘Ownership of 5 Percent or Less’ checked for ACR?

Item 5 indicates the reporting persons’ beneficial ownership is now 5 percent or less of ACRES’ common stock, consistent with the disclosed 0% stake.

What class of securities is covered in this ACRES (ACR) Schedule 13G/A?

The Schedule 13G/A covers Common Stock of ACRES Commercial Realty Corp., with a par value of $0.001 per share and CUSIP 00489Q102.

When is the ownership information in the ACR 13G/A effective?

The ownership information is stated as of 12/31/2025, the date of the event requiring the filing of this Schedule 13G/A amendment.