Market Overview

Ares Commercial Real Estate Corporation Appoints Edmond N. Moriarty, III to its Board of Directors


Rockefeller Capital Management and Former Morgan
Stanley Executive Brings Significant Real Estate Investment, Risk
Management and Capital Markets Experience to ACRE Board

Ares Commercial Real Estate Corporation (NYSE: ACRE) announced today
that it has appointed Edmond N. Moriarty, III to its Board of Directors
as an independent Class I Director, effective
immediately. Mr. Moriarty's appointment expands the Board from eight to
nine members, six of whom are independent.

Mr. Moriarty currently serves as the Chief Financial Officer and Head of
Risk for Rockefeller Capital Management and is a member of its Executive
Committee. Previously, Mr. Moriarty held various leadership positions at
Morgan Stanley, including as Head of Merchant Banking and Real Estate
Investing at Morgan Stanley Investment Management and as Chief Operating
Officer of Investment Management. He was also a member of Morgan
Stanley's Management Committee and Firm-Wide Risk Committee. Prior to
joining Morgan Stanley, Mr. Moriarty worked at Merrill Lynch from 1987
to 2008 in various roles, including Senior Vice President and Co-Chief
Risk Officer. Mr. Moriarty holds a bachelor's degree from Hamilton
College and an MBA from the Darden School at the University of Virginia.

"Ed brings extensive investment experience and risk management expertise
to our Board of Directors," said William Benjamin, Chairman of the Board
of Directors of ACRE. "In addition, his deep banking and capital markets
experience will also be of great value to the company as we continue to
focus on efficiently managing our capital to enhance our profitability
and generate value for our shareholders."

"On behalf of the management team and Board, I would like to welcome Ed
to ACRE," said Jamie Henderson, President and Chief Executive Officer of
ACRE. "He is joining us at an exciting time as we execute upon our
strategic initiatives to grow shareholder value. He brings extensive
real estate investing experience and market knowledge, which we expect
will be invaluable to our Board. We look forward to his many

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
The contents of such website are not, and should not be deemed to be,
incorporated by reference herein.

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