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Ares Commercial Real Estate Corporation
ACRE announced today
that it has entered into a definitive agreement to acquire EF&A Funding,
L.L.C, d/b/a Alliant Capital LLC from The Alliant Company, LLC and
Alliant, Inc., for approximately $62.8 million through a combination of
cash and stock. Under the terms of the transaction, Alliant Capital LLC
is expected to become a wholly owned taxable REIT subsidiary of ACRE.
Alliant Capital, Ltd., which on a national scale provides tax credit
equity for the financing and development of affordable housing, is not
included in the acquisition and will remain a part of The Alliant
Company.
With approximately 90 employees located across 15 offices throughout the
U.S., Alliant Capital LLC is
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