ARES COMMERCIAL REAL ESTATE CORPORATION (NYSE:ACRE) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
its first>quarter 2017>dividend and announcing its
financial results for the quarter and year>ended December 31,
2016. The text of the press release is included as Exhibit 99.1
to this Form 8-K.
99.1 hereto, is being furnished and shall not be deemed filed for
purposes of Section 18 of the Securities Exchange Act of 1934 and
shall not be deemed incorporated by reference into any filing
made under the Securities Act of 1933, except as expressly set
forth by specific reference in such filing.
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Exhibit Number
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Description
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99.1
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Press Release, dated March 7, 2017
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About ARES COMMERCIAL REAL ESTATE CORPORATION (NYSE:ACRE)
Ares Commercial Real Estate Corporation is a specialty finance company. The Company is focused on directly originating, managing and servicing a portfolio of commercial real estate (CRE) debt-related investments for its own account. It operates in two segments: principal lending and mortgage banking. Its target investments include senior loans, bridge loans, subordinated debt, preferred equity and other CRE investments. The Company is also engaged in the mortgage banking business through its subsidiary, ACRE Capital LLC (ACRE Capital). Its Principal Lending Business includes all business activities of the Company, which represents investments in real estate related loans and securities that are held for investment. In mortgage banking business, the Company directly originates long-term senior loans collateralized by multifamily and senior-living properties, and sells them to third parties pursuant to programs overseen by government agencies and government-sponsored enterprises. ARES COMMERCIAL REAL ESTATE CORPORATION (NYSE:ACRE) Recent Trading Information
ARES COMMERCIAL REAL ESTATE CORPORATION (NYSE:ACRE) closed its last trading session down -0.08 at 13.36 with 136,106 shares trading hands.