Ares Commercial Real Estate Corporation (NYSE:ACRE) is a specialty
finance company primarily engaged in principal lending and mortgage banking of commercial
real estate ("CRE") investments. Through its national direct origination platform,
Ares Commercial Real Estate Corporation provides a broad offering of flexible financing
solutions for commercial real estate owners and operators. Through ACRE Capital,
its mortgage banking business, it originates and services multifamily residential
mortgage loans, senior housing and healthcare facilities by utilizing the platforms
of Fannie Mae and other governmental agencies. Ares Commercial Real Estate Corporation
elected and qualified 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
with approximately $74 billion in assets under management ("AUM")(1)
as of December 31, 2013.
(1) AUM refers to the assets of the funds, alternative asset companies and other entities and accounts that are managed or co-managed by Ares Management. It also includes funds managed by Ivy Hill Asset Management, L.P., a wholly owned portfolio company of ARCC, and a registered investment adviser. It includes drawn and undrawn amounts, including certain amounts that are subject to regulatory leverage restrictions and/or borrowing base restrictions. AUM amounts are as of December 31, 2013 and are unaudited. Certain amounts are preliminary and remain subject to change, and differences may arise due to rounding.
|3/17/2014||Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full Year 2013 Results|
|3/14/2014||Ares Commercial Real Estate Corporation Closes New $50 Million Facility|
|3/07/2014||Ares Commercial Real Estate Corporation Schedules Earnings Release for the Fourth Quarter and Full Year 2013|