Ares Commercial Real Estate Corporation (NYSE:ACRE) is a specialty finance company that originates, invests in and manages middle-market commercial real estate loans and other commercial real estate investments. Through its national direct origination platform, Ares Commercial Real Estate Corporation provides flexible financing solutions for middle- market borrowers. Ares Commercial Real Estate Corporation intends to elect to be taxed as a real estate investment trust and is externally managed by an affiliate of Ares Management LLC, a global alternative asset manager that had approximately $71 billion in committed capital under management as of December 31, 2013(1). More>>
(1) Committed Capital Under Management reflects rounding and includes unfunded commitments including all amounts available under debt facilities. Amounts are preliminary and unaudited as of December 31, 2013. Committed capital includes capital that may be made available by a joint venture to which an Ares-managed vehicle and GE Corporate Bank SAS are a party, and includes capital that may be committed for investment both directly by Ares Capital Corporation ("ARCC") as well as by certain financial services portfolio companies of ARCC. ARCC is only allowed to borrow amounts such that its asset coverage ratio (as defined in the Investment Company Act) equals at least 200% after such borrowing. Certain amounts subject to borrowing base restrictions.