Ares Commercial Real Estate Corporation Announces Management Changes, Effective from December 5, 2019
November 08, 2019 at 04:30 pm IST
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Ares Commercial Real Estate Corporation announced that its Board of Directors has appointed Bryan Donohoe as Chief Executive Officer, effective December 5, 2019. Mr. Donohoe will join ACRE's senior management team alongside its President, David Roth, Chief Financial Officer, Tae-Sik Yoon and Head of Originations, John Gerber.
Mr. Donohoe succeeds Jamie Henderson who will be stepping down as Chief Executive Officer and Chief Investment Officer on December 5, 2019. Mr. Henderson will remain with Ares Management until the end of 2019 and he will continue as a Board Director of ACRE. Mr. Henderson plans to pursue another opportunity that affords him more time with his family. Most recently, Mr. Donohoe was a Managing Director for Commercial Real Estate Debt in AllianceBernstein's Real Estate Investment Group.
Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate (CRE) loans and related investments. The Company operates through its segment, which is primarily focused on directly originating and managing a diversified portfolio of CRE debt-related investments for the Companyâs own account. The Companyâs target investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investments, including commercial mortgage-backed securities. These investments are generally held for investment and are secured, directly or indirectly, by office, multifamily, retail, industrial, lodging, self-storage, student housing, residential, and other commercial real estate properties, or by ownership interests therein. The Companyâs portfolio is externally managed by Ares Commercial Real Estate Management LLC (the Manager).
ARES COMMERCIAL REAL ESTATE CORPORATION 
