# EDGAR Filing Document

**Accession Number:** 0002081264
**File Stem:** 0001140361-25-030649
**Filing Date:** 2025-8
**Character Count:** 14661
**Document Hash:** 6db692f8ce4169aea236c0b042536534
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-030649.hdr.sgml**: 20250812

**ACCESSION NUMBER**: 0001140361-25-030649

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250812

**DATE AS OF CHANGE**: 20250812

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ACRES Commercial Realty Corp.
- **CENTRAL INDEX KEY:** 0001332551
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 202287134
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-81623
- **FILM NUMBER:** 251208560

**BUSINESS ADDRESS:**
- **STREET 1:** 390 RXR PLAZA
- **CITY:** UNIONDALE
- **STATE:** NY
- **ZIP:** 11556
- **BUSINESS PHONE:** 516-535-0015

**MAIL ADDRESS:**
- **STREET 1:** 390 RXR PLAZA
- **CITY:** UNIONDALE
- **STATE:** NY
- **ZIP:** 11556

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Exantas Capital Corp.
- **DATE OF NAME CHANGE:** 20180525

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Resource Capital Corp.
- **DATE OF NAME CHANGE:** 20050708
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OCM XAN Holdings PT, LLC
- **CENTRAL INDEX KEY:** 0002081264

**ORGANIZATION NAME:**
- **EIN:** 843822792
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**BUSINESS ADDRESS:**
- **STREET 1:** C/O OAKTREE CAPITAL MANAGEMENT, L.P.
- **STREET 2:** 333 S GRAND AVENUE, 28TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 323-830-6300

**MAIL ADDRESS:**
- **STREET 1:** C/O OAKTREE CAPITAL MANAGEMENT, L.P.
- **STREET 2:** 333 S GRAND AVENUE, 28TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

## Exhibit 99.1

------

EXHIBIT A

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with each of the Reporting Persons (as such term is defined in the Schedule 13G referred to below) by OCM XAN Holdings PT, LLC, a Delaware corporation, on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock, par value $0.001 per share, of ACRES Therapeutics AP, a Delaware corporation, and that this agreement may be included as an exhibit to such joint filing.

---

| | | |
|:---|:---|:---|
| Dated: August 12, 2025 |  |  |
|  | **OCM XAN Holdings PT, LLC** | **OCM XAN Holdings PT, LLC** |
|  | By: | Oaktree Capital Holdings, LLC |
|  | Its: | Sole Managing Member |
|  | By:  | Oaktree Capital Group Holdings GP, LLC |
|  | Its: | Indirect Owner |
|  | By: | **/s/** Henry Orren |

---

Name: Henry Orren <br> Title: Authorized Signatory

---

| | |
|:---|:---|
| **OAKTREE CAPITAL HOLDING, LLC** | **OAKTREE CAPITAL HOLDING, LLC** |
| By: | **/s/** Brian Price |

---

Name: Brian Price <br> Title: Authorized Signatory <br>

---

| | |
|:---|:---|
| **OAKTREE CAPITAL GROUP HOLDINGS GP, LLC** | **OAKTREE CAPITAL GROUP HOLDINGS GP, LLC** |
| By: | **/s/** Brian Price |

---

Name: Brian Price <br> Title: Authorized Signatory

------

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** ACRES Commercial Realty Corp.

**Title of Class of Securities:** Common Stock, $0.001 par value per share

**CUSIP Number:** 00489Q102

**Date of Event Which Requires Filing of this Statement:** 06/30/2025

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

- [ ] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [x] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>OCM XAN Holdings PT, LLC | Names of Reporting Persons<br>OCM XAN Holdings PT, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>391380 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>391380 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>391380 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>391380 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>5.27% | Percent of Class Represented by Amount in Row (9)<br>5.27% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 7,426,314 shares of common stock ("Common Stock") outstanding as of August 4, 2025, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission ("SEC") on August 5, 2025.

---

| 1. | Names of Reporting Persons<br>Oaktree Capital Holdings, LLC | Names of Reporting Persons<br>Oaktree Capital Holdings, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>391380 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>391380 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>391380 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>391380 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>5.27% | Percent of Class Represented by Amount in Row (9)<br>5.27% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 7,426,314 shares of Common Stock outstanding as of August 4, 2025, as reported in the Issuer's Form 10-Q filed with the SEC) on August 5, 2025.

---

| 1. | Names of Reporting Persons<br>Oaktree Capital Group Holdings GP, LLC | Names of Reporting Persons<br>Oaktree Capital Group Holdings GP, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>391380 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>391380 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>391380 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>391380 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>5.27% | Percent of Class Represented by Amount in Row (9)<br>5.27% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

**Comment for Type of Reporting Person:** The reported percentage is calculated based on 7,426,314 shares of Common Stock outstanding as of August 4, 2025, as reported in the Issuer's Form 10-Q filed with the SEC) on August 5, 2025.

---

**Item 1(a). Name of Issuer:**
ACRES Commercial Realty Corp.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
865 Merrick Avenue, Suite 200 S, Westbury, New York, 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, in its capacity as the direct owner of 391,380 shares of Common Stock; 
(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.

**Item 2(b). Address of Principal Business Office:**
The principal business address of each of the Reporting Persons is 333 S. Grand Avenue, 28th Floor, Los Angeles, CA 90071.

**Item 2(c). Citizenship:**
See responses to row 4 on each cover page.

**Item 2(d). Title of Class of Securities:**
Common Stock, $0.001 par value per share

**Item 2(e). CUSIP Number:**
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.
OCM XAN Holdings holds an aggregate of 391,380 Common Stock constituting approximately 5.27% of the total issued and outstanding shares of Common Stock and has the sole power to vote and dispose of such shares of Common Stock.
OCH, in its capacity as the indirect manager OCM XAN Holdings, has the ability to direct voting and disposition of, and therefore may be deemed to beneficially own the shares of Common Stock directly held by OCM XAN Holdings.
OCGH, in its capacity as the indirect owner of the class B units of OCH has the ability to appoint and remove certain directors of OCH and, as such, may indirectly control the decisions of OCH regarding the vote and disposition of securities held by Fund Xb Holdings; therefore, OCGH may be deemed to beneficially own reported securities.
The filing of this statement shall not be deemed an admission by any of the Reporting Persons, of beneficial ownership of the reported securities for purposes of Section 13(d) or Section 13(g) or for any other purpose.

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

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. Certification:**

—

### 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**

**Date:** 08/12/2025

**By:** /s/ Henry Orren

**Name & Title:** Henry Orren/Authorized Signatory

**Oaktree Capital Holdings, LLC**

**Date:** 08/12/2025

**By:** /s/ Brian Price

**Name & Title:** Brian Price/Authorized Signatory

**Oaktree Capital Group Holdings GP, LLC**

**Date:** 08/12/2025

**By:** /s/ Brian Price

**Name & Title:** Brian Price/Authorized Signatory