It has been over a year since I updated readers on commercial mREIT, Ares Commercial Real Estate (NYSE:ACRE). I decided that since I was including a detailed updated in the upcoming edition of the Forbes Real Estate Investor that I needed to take a closer look at ACRE.
As you may recall, I have written extensively on the commercial mREIT sector, having authored articles on Ladder Commercial (LADR), Blackstone Mortgage(BXMT), Starwood Property Trust (STWD), Apollo Commercial (ARI), Hannon Armstrong (HASI), Granite Pointe (GPMT), and TPG RE Finance Trust, Inc.(TRTX).
Similar to these commercial mortgage REITs, ACRE is a specialty finance company that is primarily focused on directly originating, managing and servicing a diversified portfolio of commercial real estate debt-related investments for its own account. ACRE is smaller than many of the peers, as illustrated below:
