Ares Commercial Real Estate (ACRE) gains 0.06% to Close at $15.86 on September 3

Equities Staff  |

Ares Commercial Real Estate Corp (NYSE: ACRE), a New York, New York, company, gained to close at $15.86 Friday after gaining $0.01 (0.06%) on volume of 265,577 shares. The stock ranged from a high of $15.90 to a low of $15.76 while Ares Commercial Real Estate’s market cap now stands at $745,448,881.

About Ares Commercial Real Estate Corp

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.

Visit Ares Commercial Real Estate Corp’s profile for more information.

About The New York Stock Exchange

The New York Stock Exchange is the world’s largest stock exchange by market value at over $26 trillion. It is also the leader for initial public offerings, with $82 billion raised in 2020, including six of the seven largest technology deals. 63% of SPAC proceeds in 2020 were raised on the NYSE, including the six largest transactions.

To get more information on Ares Commercial Real Estate Corp and to follow the company’s latest updates, you can visit the company’s profile page here: Ares Commercial Real Estate Corp’s Profile. For more news on the financial markets be sure to visit Equities News. Also, don’t forget to sign-up for the Daily Fix to receive the best stories to your inbox 5 days a week.

Sources: Chart is provided by TradingView based on 15-minute-delayed prices. All other data is provided by IEX Cloud as of 8:05 pm ET on the day of publication.

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