Ares Commercial Real Estate Corporation Announces Executive Changes
April 27, 2017 at 04:15 pm EDT
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Ares Management, L.P. and Ares Commercial Real Estate Corporation announced that Jamie Henderson will join Ares as a Partner in the Ares Real Estate Group, and will join John Jardine as Co-Head of Real Estate Debt, where they will both oversee originations, underwriting, portfolio management, and business development. In addition, the Board of Directors of ACRE appointed Mr. Henderson as President and Chief Investment Officer of ACRE. Mr. Jardine will remain as Co-Chief Executive Officer and Robert L. Rosen will remain as Interim Co-Chief Executive Officer of ACRE. Mr. Henderson brings more than 15 years in commercial and residential real estate with an extensive background across originations, portfolio management and capital raising. Prior to joining Ares, he held a variety of leadership roles at Barings Real Estate Advisors, and its predecessor companies Cornerstone Real Estate Advisors and Babson Capital Management. In addition, on April 25, 2017, John H. Bryant notified the company that he would not stand for reelection as a director of the company when his current term expires at the company’s 2017 Annual Meeting of Stockholders to be held on June 7, 2017 due to demands on his time from other professional commitments. Mr. Bryant has served on the Board since April 2012.
Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate (CRE) loans and related investments. The Company operates through its segment, which is primarily focused on directly originating and managing a diversified portfolio of CRE debt-related investments for the Companyâs own account. The Companyâs target investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investments, including commercial mortgage-backed securities. These investments are generally held for investment and are secured, directly or indirectly, by office, multifamily, retail, industrial, lodging, self-storage, student housing, residential, and other commercial real estate properties, or by ownership interests therein. The Companyâs portfolio is externally managed by Ares Commercial Real Estate Management LLC (the Manager).