Mark S. Fogel

President and Chief Executive Officer at Acres Commercial Realty Corp

Since July 31, 2020

Age

55 years

Tenure

Joined ACR as President and Chief Executive Officer on July 31, 2020, and also serves as a director of the company.

Also at Acres Commercial Realty Corp

ECB

Eldron C. Blackwell

Senior Vice President, Chief Financial Officer, and Treasurer

JAJ

Jaclyn A. Jesberger

Chief Legal Officer, Senior Vice President, and Secretary

LMK

Linda M. Kilpatrick

Vice President, Chief Accounting Officer, and Controller

About

Mark S. Fogel brings nearly 30 years of experience in commercial real estate finance. He began his career in June 1994 and went on to serve in key roles at General Growth Properties, Forest City Ratner, and Greenwich Group International, among others.

Over the years, his career progressed through significant leadership roles, including serving as Senior Vice President of Asset Management at a publicly traded mortgage REIT valued at $3.5 billion. His expertise was further solidified during his tenure at UC Funds and through the co-founding of ACRES Capital in 2012.

At ACR, he has been instrumental in spearheading strategic initiatives since he joined as President and Chief Executive Officer on July 31, 2020. His appointment, combined with his extensive background in asset management, capital raising, and navigating market challenges, has made him a pivotal part of ACR’s leadership team.

$ACR Performance Under Mark S. Fogel

Past Roles

Organization	Role	Date Range	Details
UC Funds	Head of Origination and Asset Management	Feb 2010 – Dec 2011	N/A
Arbor Realty Trust (NYSE: ABR)	Senior Vice President of Asset Management	Sep 2000 – Dec 2009	Oversaw asset management for a $3.5 billion portfolio
Greenwich Group International	Real Estate Investment Banking Group	Jun 1997 – Sep 2000	N/A
Forest City Ratner	Asset Management and Development Group	Jan 1996 – Jun 1997	N/A
General Growth Properties	Finance and Real Estate Property Manager	Jun 1994 – N/A	N/A

External Roles

Organization	Role	Date Range	Details
ACRES Capital	Co-founder, President & Chief Executive Officer	2012 – Present	Leads its executive management team

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Salary	$0	N/A	No salary; compensated through the Manager under the Management Agreement
Bonus	$0	N/A	No bonus; compensation is provided via the Manager receiving management fees and expense reimbursements
Stock Awards	0 shares	N/A	No stock awards provided for 2023
Other Compensation	$0	N/A	No additional fixed compensation; only potential future incentive awards may be granted

Performance Compensation

Data from FY 2023

No information available on performance compensation for 2023