Ares Commercial Real Estate Corporation Announces Launch of Common Share Offering


NEW YORK–(COMMERCIAL THREAD) – Ares Commercial Real Estate Corporation (the “Company”) (NYSE: ACRE), today announced the launch of a binding takeover bid for 6,500,000 common shares. The Company expects to grant the underwriters of the offer an option to purchase up to 975,000 additional common shares.

The Company intends to use all of the net proceeds of the offering for general corporate purposes, including investing in mortgages and other target assets and investments consistent with its investment strategies. and its investment guidelines, financing commitments on existing mortgages and debt repayment.

Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC and BofA Securities, Inc. are joint book managers for the offering, and JMP Securities LLC, Keefe, Bruyette & Woods, Inc. and Raymond James & Associates, Inc. are jointly responsible for the offer.

A registration statement on Form S-3 relating to these securities has been filed with the Securities and Exchange Commission and has been declared effective. The offer may only be made by means of a preliminary prospectus supplement and the accompanying prospectus. A copy of the preliminary prospectus supplement and accompanying prospectus relating to the offering can be obtained free of charge by visiting the Securities and Exchange Commission website at or by contacting: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 30 Hudson Yards, 500 West 33rd Street – 14th Floor, New York, NY 10001 or by phone at 1-800-326-5897 or by email at cmclientsupport @ wellsfargo. com; or BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn .: Prospectus Department or by email at

This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor an offer, solicitation or sale of such securities in any jurisdiction in which such an offer, solicitation or sale is illegal. Nothing in this press release constitutes an offer to sell or the solicitation of an offer to buy any securities of the Company or of an investment fund managed by the Company or its affiliates.


Ares Commercial Real Estate Corporation is a specialized finance company primarily engaged in creating and investing in commercial real estate loans and related investments. Through its national direct origination platform, the Company offers a wide range of flexible and reliable financing solutions to owners and operators of commercial buildings. The Company provides senior mortgages, as well as subordinated finance, mezzanine debt and preferred stocks, with an emphasis on value-added financing on a variety of properties located in liquid markets across the states. -United. Ares Commercial Real Estate Corporation elected and qualified to be taxed as a real estate investment trust and is managed externally by a subsidiary of Ares Management Corporation.


Statements included in this document may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. , which relate to future events or the future performance or financial condition of the Company. These statements do not constitute guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Actual results may differ materially from those of forward-looking statements due to a number of factors, including current and future investment returns, repayment rates and prepayments of the Company’s mortgages, availability of business opportunities investment, the Company’s ability to initiate additional investments and completion of pending investments, availability of capital, availability and cost of funding, trends and market conditions in the Company’s industry and the economy in general, the level of credit and loan lines and interest rates, commercial real estate lending volumes, the impact of the COVID-19 pandemic and the impact of the pandemic on the US and global economy, the Company’s ability to pay future dividends at historic levels or not at all, and the risks described from time to time in the Docs. Items filed by the Company with the Securities and Exchange Commission (the “SEC”), including, but not limited to, the risk factors described in Part I, Article 1A. Risk factors in the Company’s Annual Report on Form 10-K, filed with the SEC on February 18, 2021 and Part II, Section 1A. Risk factors in the Company’s Quarterly Report on Form 10-Q, filed with the SEC on May 4, 2021 and other documents that we file from time to time with the SEC. Any forward-looking statements, including those contained herein, speak only as of the date of this press release, and Ares Commercial Real Estate Corporation assumes no obligation to update any forward-looking statements made herein. The projections and forward-looking statements are based on good faith and reasonable assumptions of management, including the assumptions described in this document.


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