Ares Commercial Real Estate Corporation Appoints David Roth as President
July 26 2019 - 6:45AM
Business Wire
Ares Commercial Real Estate Corporation (NYSE: ACRE) announced
today that it has appointed David Roth as the Company’s President,
effective July 22, 2019.
Mr. Roth currently serves as Partner and Head of U.S. Real
Estate Private Equity, is a member of the Ares Global Real Estate
Investment Committee and also serves as a member of the Management
Committee of Ares Management Corporation (NYSE: ARES), whose
subsidiary is the external manager of ACRE. Mr. Roth has over 30
years of experience investing and managing commercial real estate
investments and executing on strategic platform acquisitions and
other merger activities. Prior to joining Ares in 2019, Mr. Roth
was a Senior Managing Director in the Real Estate Group at
Blackstone. Previously, he was a Principal in the Acquisitions
Group at Walton Street, a Senior V.P. and Chief Investment Officer
- Europe at Security Capital Group and an Associate at Wachtell
Lipton Rosen & Katz.
“We are excited to have David join ACRE as an executive, and we
look forward to his many contributions in the years ahead,” said
Bill Benjamin, Chairman of the ACRE Board of Directors. “David’s
appointment as President is a continuation of our strategy to
enhance the collaboration and synergistic benefits ACRE receives
from the broader real estate platform at Ares.”
“David and I have been working together since he joined Ares
earlier this year, and this appointment to President reflects the
strong contributions he has already made to ACRE,” said Jamie
Henderson, Chief Executive Officer of ACRE. “I look forward to
working with David in his new role.”
“Having worked with Jamie and Ares’ talented real estate debt
team, I have seen firsthand the great potential that lies ahead as
we seek to maximize our synergies,” added Mr. Roth. “I look forward
to contributing to ACRE’s strong growth prospects in the years
ahead.”
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. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190726005078/en/
Investor Relations: Ares Commercial Real Estate
Corporation Carl Drake or Veronica Mendiola Mayer (888)-818-5298
iracre@aresmgmt.com Media Relations: Mendel Communications
Bill Mendel, 212-397-1030 bill@mendelcommunications.com
Ares Commercial Real Est... (NYSE:ACRE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ares Commercial Real Est... (NYSE:ACRE)
Historical Stock Chart
From Apr 2023 to Apr 2024