CHICAGO--(BUSINESS WIRE)--
Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today
that it has declared a cash dividend of $0.06 per common share for the
quarter ending September 30, 2012. The dividend is payable on October
11, 2012 to stockholders of record at the close of business on October
2, 2012.
“Our opportunity set continues to be strong, and we are on track to
successfully convert a portion of our pipeline into new investments,”
said John Bartling, Chief Executive Officer of Ares Commercial Real
Estate Corporation. “We continue to be encouraged by the quality and
number of loan opportunities that we are actively sourcing and reviewing
through our national direct origination platform.”
About Ares Commercial Real Estate Corporation
Ares Commercial Real Estate Corporation 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
with approximately $54 billion in committed capital under management as
of June 30, 2012. For more information, please visit our website at arescre.com.
Forward-Looking Statements
Statements included herein may constitute “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of
1995, which relate to future events or our future performance or
financial condition. These statements are not guarantees of future
performance, condition or results and involve a number of risks and
uncertainties. Actual results may differ materially from those in the
forward-looking statements as a result of a number of factors, including
those described from time to time in our filings with the Securities and
Exchange Commission. Ares Commercial Real Estate Corporation undertakes
no duty to update any forward-looking statements made herein.
Ares Commercial Real Estate Corporation
Carl Drake, 404-814-5204
[email protected]
Source: Ares Commercial Real Estate Corporation