Ares Commercial Real Estate Corporation Enhances Capital Markets Capabilities

NEW YORK–(BUSINESS WIRE)–Ares Commercial Real Estate Corporation (NYSE:ACRE) announced today that
Sumit Sasidharan has been appointed as Managing Director and Head of
Real Estate Debt Capital Markets at its external manager, a subsidiary
of Ares Management, L.P. (NYSE:ARES). Based in New York, Mr. Sasidharan
will manage and oversee liquidity and financing opportunities within
Ares’ Real Estate Debt platform, including through ACRE and other
managed funds. The firm’s real estate debt team directly originates and
invests in a wide range of financing opportunities for middle-market
owners and operators of U.S. commercial real estate and manages
approximately $3.0 billion in assets as of June 30, 2017. Mr. Sasidharan
will assume the responsibilities of Precilla Torres, who will remain at
Ares and take on a new role managing funds that invest in a variety of
real estate securities, including commercial mortgage-backed securities.

“Sumit is an industry veteran who brings more than 20 years of
commercial real estate debt experience, which further enhances the
capabilities of our experienced team,” said Jamie Henderson, Partner in
the Ares Real Estate Group and Co-Head of Real Estate Debt as well as
President and Chief Investment Officer of ACRE. “I look forward to
working with Sumit to further expand our sources of efficient capital to
support the growth of our platform.”

Prior to joining Ares, Mr. Sasidharan served as Managing Director of the
Annaly Commercial Real Estate Group. During his six years at Annaly, he
had wide ranging responsibilities covering the investment, financing and
management of the firm’s real estate activities. Most recently, Mr.
Sasidharan was the Head of Capital Markets and Operations, where he
served on the investment credit committee, overseeing loan pricing and
structuring, whole loan financing and broad capital markets initiatives
covering note syndication, sales, CMBS trading and CRE CLO
securitization. Previously, Mr. Sasidharan held senior positions at
CWCapital Investments, where he managed leveraged debt funds and other
structured CRE products. He started his real estate career at Fitch
Ratings where he analyzed CMBS new issuance and contributed to the
group’s policy formation on structured products. Mr. Sasidharan holds a
B.A. in Public Policy from the University of Chicago.

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, L.P. For more information, please visit www.arescre.com.
The contents of such website are not, and should not be deemed to be,
incorporated by reference herein.

About Ares Management, L.P.

Ares Management, L.P. is a publicly traded, leading global alternative
asset manager with approximately $104 billion of assets under management
as of June 30, 2017 and more than 15 offices in the United States,
Europe, Asia and Australia. Since its inception in 1997, Ares has
adhered to a disciplined investment philosophy that focuses on
delivering strong risk-adjusted investment returns throughout market
cycles. Ares believes each of its three distinct but complementary
investment groups in Credit, Private Equity and Real Estate is a market
leader based on assets under management and investment performance. Ares
was built upon the fundamental principle that each group benefits from
being part of the greater whole. For more information, visit www.aresmgmt.com.

Forward Looking Statements

Statements included herein may constitute “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of
1995, which relate to future events or future performance or financial
condition. These statements are not guarantees of future performance,
condition or results and involve a number of risks and uncertainties.
Actual results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those described
from time to time in each of Ares Management’s and Ares Commercial Real
Estate Corporation’s filings with the Securities and Exchange
Commission. Neither Ares Management nor Ares Commercial Real Estate
Corporation undertakes any duty to update any forward-looking statements
made herein.

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