NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE:ACRE), today announced the launch of an underwritten public offering of 4,000,000 shares of common stock. The Company expects to grant to the underwriters of the offering an option to purchase up to 600,000 additional shares of common stock.

The Company intends to use all of the net proceeds from the offering for general corporate purposes, including repaying indebtedness and investing in mortgage loans and other target assets and investments consistent with its investment strategies and investment guidelines and funding commitments on existing mortgage loans.

Wells Fargo Securities, Citigroup and Morgan Stanley are acting as the joint book running managers for the offering, and JMP Securities and Raymond James are acting as co-managers for the offering.

ABOUT ARES COMMERCIAL REAL ESTATE CORPORATION

Ares Commercial Real Estate Corporation is a specialty finance company primarily engaged in originating and investing in commercial real estate loans and related investments. Through its national direct origination platform, the Company provides a broad offering of flexible and reliable financing solutions for commercial real estate owners and operators. The Company originates senior mortgage loans, as well as subordinate financings, mezzanine debt and preferred equity, with an emphasis on providing value added financing on a variety of properties located in liquid markets across the United States. Ares Commercial Real Estate Corporation elected and qualified to be taxed as a real estate investment trust and is externally managed by a subsidiary of Ares Management Corporation.