Company Overview Ares Commercial Real Estate Corporation (NYSE:ACRE) ("Ares CRE") is a specialty finance company that operates both as a principal lender and a mortgage banker with respect to loans collateralized by multifamily and senior-living properties. The firm's principal lending business is primarily focused on directly originating, managing and servicing a diversified portfolio of commercial real estate investments, and the mortgage banking division (managed through a subsidiary) originates, sells and services multifamily and senior-living related loans under programs offered by the government and government-sponsored entities ("GSEs"). The firm is classified as a REIT, and its financial statements consolidate the company's various variable interest entities ("VIEs"). Ares CRE is an externally managed subsidiary of Ares Management, L.P. (NYSE:ARES), an alternative asset manager with +$160B of AUM. The company is divided into two divisions: principal lending and mortgage banking. The principal...
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