Ares Commercial Real Estate Corp (ACRE) Form 8-K — Sep 22, 2026
Ares Commercial Real Estate completed the sale of a multi-building office property in North Carolina for $64 million in cash on September 18, 2026. The property came to ACRE via a deed in lieu of foreclosure in September 2024 and had been classified as held for sale since Q1 2026, so the sale resolves a legacy distressed office exposure.
Key figures
- Total Assets
- 1824006000
- Cash Position
- 79466000
- Deal Value Usd
- 64000000
- Shares Outstanding
- 55481113
- Foreclosure date
- 2024-09-19
- Held for sale since
- Q1 2026
- Pro forma equity gain usd
- 8633000
- Reo held for sale carrying value usd
- 53934000
AI analysis
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