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Ares Commercial Real Estate Corporation Announces Fourth Quarter Activity

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CHICAGO--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (NYSE:ACRE) announced fourth quarter origination and portfolio activity. ACRE’s Principal Lending segment originated $73 million in senior loans and through a joint venture managed by an affiliate of ACRE, participated in a $170 million preferred equity investment in an entity whose assets are comprised of multifamily, student housing medical office and self-storage properties. ACRE invested $89 million in the joint venture, repr

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