Ares Commercial Real Estate Corp Sells NC Office Property for $64M

What Happened
Ares Commercial Real Estate Corporation (the “Company”) announced it completed the sale of a multi‑building office property in North Carolina for a cash purchase price of $64.0 million on September 18, 2026. The sale was completed by a wholly‑owned subsidiary to an unaffiliated buyer. The Company had previously taken legal title to the property via a deed in lieu of foreclosure on September 19, 2024 and had classified the asset as held for sale beginning with the quarter ended March 31, 2026.

Key Details

• Sale date: September 18, 2026; cash purchase price: $64,000,000.
• Property history: acquired by deed in lieu of foreclosure on September 19, 2024; classified as held for sale starting with the quarter ended March 31, 2026.
• Transaction party: sold to an unaffiliated buyer by a wholly‑owned subsidiary of the Company.
• Financial reporting: the company filed unaudited pro forma consolidated balance sheet and statements of operations (Exhibit 99.1) reflecting the transaction.

Why It Matters
This transaction removes a previously non‑performing or distressed real estate asset from Ares Commercial Real Estate’s portfolio and converts it into cash proceeds, which may affect liquidity and portfolio composition. The filing includes pro forma financial information so investors can see how the sale would be reflected in the Company’s consolidated balance sheet and results of operations for the applicable periods.