Ares Commercial Real Estate Corporation announced that William Benjamin, Head of the Ares Real Estate Group, has been appointed as a Director and Chairman of the Board of Directors. Robert Rosen has decided to step down from his position as a Director and Chairman of the Board. Mr. Rosen has served as a Director since ACRE’s initial public offering in 2012, Chairman since 2014 and previously served as interim Co-Chief Executive Officer from 2015 to 2017. Mr. Benjamin is a Partner and Head of Ares Real Estate Group and a member of the Management Committee of Ares Management, L.P. The initial term of Mr. Benjamin as a Class II Director will expire at the 2020 annual meeting of stockholders of the company.