Ares Commercial Real Estate Prices 18M Share Offering at $13.50/Share

Ares Commercial Real Estate Corporation

(the “Company”) announced that it has priced a public offering of 18,000,000 shares of its common stock at a public offering price of $13.50 per share, raising gross proceeds of approximately $243,000,000. The closing of the transaction is subject to customary closing conditions and the shares are expected to be delivered on June 26, 2013. In connection with the offering, the Company has also granted the underwriters an option to purchase up to an additional 2,700,000 shares of common stock. The offering of the shares is being made under the Company's shelf registration statement, which was filed with, and declared effective by, the Securities and Exchange Commission.