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March 17, 2014
08:04 EDTACREAres Commercial Real Estate reports Q4 core EPS 15c, consensus 20c
Reports Q4 revenue $14.5M, may not compare to consensus $8.72M.
News For ACRE From The Last 14 Days
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January 13, 2015
08:07 EDTACREAres Commercial reports Q4 origination and portfolio activity
Ares Commercial Real Estate Corporation announced Q4 origination and portfolio activity. ACRE’s Principal Lending segment originated $73M in senior loans and through a joint venture managed by an affiliate of ACRE, participated in a $170M preferred equity investment in an entity whose assets are comprised of multifamily, student housing medical office and self-storage properties. ACRE invested $89M in the joint venture, representing a majority stake. The remainder of the joint venture is owned by a well-known institutional investor whose minority investment allowed ACRE to enhance its portfolio diversification and further optimize its availability of capital. In addition, ACRE Capital LLC, ACRE’s wholly-owned Mortgage Banking subsidiary, originated $313M of new loans during the fourth quarter of 2014. At year-end 2014, ACRE’s Principal Lending portfolio, excluding non-controlling interests, totaled approximately $1.4B in outstanding principal with 83% of the portfolio comprised of senior loans and 89% paying floating rates of interest based on LIBOR, in both cases as measured by period end outstanding principal balances.

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