Ares Commercial Real Estate Corporation (“ACRE”) (NYSE:ACRE) is a specialty finance company primarily engaged in originating and investing in commercial real estate loans and related investments. Through its national direct origination platform, ACRE provides a broad offering of flexible financing solutions for commercial real estate owners and operators. ACRE elected and qualified to be taxed as a real estate investment trust and is externally managed by a subsidiary of Ares Management Corporation, a publicly traded, leading global alternative investment manager with approximately $419 billion(1) of assets under management as of December 31, 2023.
1. As of December 31, 2023. AUM amounts include funds managed by Ivy Hill Asset Management, LP., a wholly owned portfolio company of Ares Capital Corporation and registered investment adviser.