Ares Management has secured an early investment for its latest open-ended real estate debt fund from a familiar source..

"During the current market disruption, we will continue to evaluate our liquidity and cash flow needs each quarter when determining shareholder dividends. For more information, please visit Statements included herein or on the webcast / conference call 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 Company’s future performance or financial condition.

These statements are not guaranteeing of future performance, condition or results and involve a number of risks and uncertainties. also interested.

Ares Real Estate Debt.

"We also further enhanced our liquidity by recently selling or partly monetizing five loans totaling $238 million in outstanding principal balance. As well as private debt, Ares invests in real estate and private equity. "On June 19, 2020, the Company declared a cash dividend of $0.33 per common share for the second quarter of 2020. ""Our portfolio continues to perform well with 100% of our loans held for investment making their contractual debt service payments through the July 2020 payment date," said Tae-Sik Yoon, Chief Financial Officer of ACRE. ""Our loans continue to perform well with approximately 96% of our portfolio as measured by outstanding principal balance successfully making May and June 2020 debt service payments," said Tae-Sik Yoon, Chief Financial Officer of ACRE.

Ares Commercial Real Estate Corporation elected and qualified to be taxed as a real estate investment trust and is externally managed by a subsidiary of Ares Management Corporation. The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial results prepared in accordance with GAAP.

Ares Commercial Real Estate Corporation ("ACRE" or the "Company") (NYSE:ACRE) declared a second quarter 2020 cash dividend of $0.33 per common share. "When evaluating our second quarter dividend, we considered several factors, including further improving our liquidity position from anticipated loan sales, our second quarter core earnings from operations outlook, and projected future cash flows," said Bryan Donohoe, Chief Executive Officer of ACRE. Also is the whole real estate team based in NY or do they have some people in the LA headquarters too?

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Announces Second Quarter 2020 ResultsJ.C. The second quarter 2020 dividend was paid on July 15, 2020 to common stockholders of record as of June 30, 2020.The Company issued a presentation of its second quarter 2020 results, which can be viewed at On Thursday, August 6, 2020, the Company invites all interested persons to attend its webcast/conference call at 12:00 p.m. (Eastern Time) to discuss its second quarter 2020 financial results.All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of the Company’s website at Ares Commercial Real Estate Corporation is a specialty finance company primarily engaged in originating and investing in commercial real estate loans and related investments. Core Earnings is an adjusted non-GAAP measure that helps the Company evaluate its financial performance excluding the effects of certain transactions and GAAP adjustments that it believes are not necessarily indicative of its current loan origination portfolio and operations. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including the returns on current and future investments, rates of repayments and prepayments on the Company’s mortgage loans, availability of investment opportunities, the Company’s ability to originate additional investments and completion of pending investments, the availability of capital, the availability and cost of financing, market trends and conditions in the Company’s industry and the general economy, the level of lending and borrowing spreads and interest rates, commercial real estate loan volumes, the impact of the COVID-19 pandemic and the pandemic's impact on the U.S. and global economy, and the risks described from time to time in the Company’s filings with the Securities and Exchange Commission (the "SEC"), including, but not limited to, the risk factors described in Part I, Item 1A. Any forward-looking statement, including any contained herein, speaks only as of the time of this press release and Ares Commercial Real Estate Corporation undertakes no duty to update any forward-looking statements made herein or on the webcast/conference call.


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