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Last Trade
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Last Trade:
$11.69
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Change:
-0.14 (-1.18%)
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Trade Time:
04:10 PM EST
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Market Cap:
$390.94M
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Description of Business
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The following description of the business of Ares Commercial Real Estate
Corporation ("ACRE") should be read in conjunction with the information included
elsewhere in this annual report on Form 10-K for the year ended December 31,
2019. We refer to ACRE together with our consolidated subsidiaries as "we,"
"us," "Company," or "our," unless we specifically state otherwise or the context
indicates otherwise. We refer to our manager, Ares Commercial Real Estate
Management LLC, as our "Manager" or "ACREM" and the parent company of our
Manager, Ares Management Corporation, together with its consolidated
subsidiaries, as "Ares Management."
GENERAL
We are a specialty finance company primarily engaged in originating and
investing in commercial real estate ("CRE") loans and related investments.
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