Ares Commercial Real Estate

Ares Commercial Real Estate Corporation (“ACRE”) is a specialty finance company organized as a real estate investment trust (“REIT”). Our common stock is publicly traded on the New York Stock Exchange under the ticker symbol “ACRE”. ACRE is managed by Ares Commercial Real Estate Management LLC (“ACREM”), a subsidiary of Ares Management, L.P. (“Ares”), a publicly traded, leading global alternative asset manager with offices located across the U.S., Europe and Asia/Australia. As of June 30, 2016, Ares had approximately $95 billion of assets under management ("AUM"). ACREM is able to leverage the power of the Ares investment platform to obtain incremental deal flow and market intelligence from Ares’ broader resources, relationships, and significant capital markets and research experience. ACRE provides one-stop solutions designed to meet the distinct and underserved financing needs of middle-market commercial real estate, which we generally define as assets with values of $15-250 million. Our flexibility, structuring experience and self-origination capabilities enable us to invest across the capital structure in an effort to meet the full spectrum of our clients’ financing needs. As a patient investor with permanent capital, we offer flexible solutions with a view toward increasing the certainty of execution for our clients. We actively monitor and manage our investments from origination to payment or maturity, which allows us the ability to accurately assess and manage the risk in our portfolio, build and maintain strong relationships with borrowers and their sponsors, control costs and ensure operational control over our investments. Our life of loan philosophy and active asset management capabilities are enhanced by ACREM's S&P-rated special servicer, Ares Commercial Real Estate Servicer LLC. ACREM is led by partners, managing directors as well as investment committee members that have approximately 30 years of relevant middle-market commercial real estate lending and finance experience.
Company Growth (employees)
Type
Public
HQ
New York, US
Founded
1997
Size (employees)
930 (est)
Ares Commercial Real Estate was founded in 1997 and is headquartered in New York, US

Key People/Management at Ares Commercial Real Estate

David Sachs

David Sachs

Partner
Steven Wolf

Steven Wolf

Partner
Howard Huang

Howard Huang

Partner
Frank Sullivan

Frank Sullivan

Managing Director
Precilla Torres

Precilla Torres

Managing Director
Robert Rosen

Robert Rosen

Chairman of the Board
Kirk Sykes

Kirk Sykes

Director
William Browning

William Browning

Director
James Skinner

James Skinner

Director
Caroline Blakely

Caroline Blakely

Director
Rand April

Rand April

Director
Mark Salgado

Mark Salgado

Principal
John Stilmar

John Stilmar

Principal
Michael Weiner

Michael Weiner

Vice President and General Counsel
Tae-Sik Yoon

Tae-Sik Yoon

Chief Financial Officer and Treasurer
Michael Arougheti

Michael Arougheti

Director; Co-Founder, Chief Executive Officer and President of Ares; Partner of Ares Credit Group
Bill Benjamin

Bill Benjamin

Partner, Head of Real Estate Group
Joshua Bloomstein

Joshua Bloomstein

Vice President and Assistant Secretary

Ares Commercial Real Estate Office Locations

Ares Commercial Real Estate has an office in New York
New York, US (HQ)
245 Park Ave
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Ares Commercial Real Estate Financials and Metrics

Ares Commercial Real Estate Financials

Ares Commercial Real Estate's revenue was reported to be $45.1 m in FY, 2016
USD

Net income (Q3, 2017)

24.2 m

Market capitalization (22-Dec-2017)

381.6 m

Cash (30-Sep-2017)

28.2 m
Ares Commercial Real Estate's current market capitalization is $381.6 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

38.6 m65.1 m85.4 m45.1 m

Revenue growth, %

69%31%(47%)

General and administrative expense

2.8 m

Operating expense total

2.8 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

13.1 m15.4 m19.2 m15 m18.4 m22.1 m23.9 m15 m

Sales and marketing expense

2.3 m4 m4.5 m4.7 m4.6 m5.4 m5.9 m4.3 m

General and administrative expense

994 k2.2 m2.6 m2.4 m1.8 m1.6 m1.7 m1.8 m686 k690 k642 k640 k

Operating expense total

10.1 m11.4 m12.5 m12.1 m9.8 m10.1 m11 m9.3 m3.2 m3.9 m3.8 m3.7 m3.6 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

20.1 m16.6 m9 m47.3 m

Accounts Receivable

364.1 m

Total Assets

1.2 b1.9 b1.4 b1.4 b

Accounts Payable

68.5 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

12.6 m30.4 m20.2 m11.4 m9 m8.1 m10.4 m6.2 m5.3 m41.8 m44.4 m5.7 m28.2 m

Total Assets

839.8 m1.3 b1.4 b1.4 b1.6 b1.5 b1.5 b1.4 b1.3 b1.6 b1.4 b1.7 b1.6 b

Dividends Payable

7.1 m7.1 m7.2 m7.2 m7.1 m7.2 m7.2 m7.4 m7.4 m7.4 m7.7 m7.7 m

Total Liabilities

429.2 m853.8 m1 b1 b1.1 b1.1 b1 b968.1 m877.8 m1.1 b1 b1.2 b1.2 b
    USDFY, 2013FY, 2014FY, 2015FY, 2016

    Net Income

    (163 k)24.6 m43.3 m44.9 m

    Depreciation and Amortization

    160 k219 k167 k

    Accounts Payable

    123 k

    Cash From Operating Activities

    418 k(222.9 m)275.5 m8.5 m
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Net Income

    11.2 m4.8 m11.4 m15.5 m9.3 m20.6 m32.3 m6.4 m36.1 m6.5 m13.2 m24.2 m

    Depreciation and Amortization

    9 k29 k62 k98 k54 k109 k164 k55 k112 k167 k

    Accounts Payable

    4.1 m

    Cash From Operating Activities

    5.3 m7.7 m(42.3 m)(13.1 m)125.6 m223 m204.6 m17.8 m33.4 m185 k6.2 m13 m23.9 m
      Y, 2017

      Financial Leverage

      3.8 x
      Show all financial metrics

      Ares Commercial Real Estate Market Value History

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      Ares Commercial Real Estate Company Life and Culture

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