LOS ANGELES--(BUSINESS WIRE)--
Ares Management, L.P. (NYSE:ARES) and Ares Commercial Real Estate
Corporation (NYSE:ACRE) announced today that Jamie Henderson will join
Ares as a Partner in the Ares Real Estate Group, and will join John
Jardine as Co-Head of Real Estate Debt, where they will both oversee
originations, underwriting, portfolio management, and business
development.
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In addition, the Board of Directors of ACRE, the mortgage real estate
investment trust (REIT) managed by a subsidiary of Ares, appointed Mr.
Henderson as President and Chief Investment Officer of ACRE. Mr. Jardine
will remain as Co-Chief Executive Officer and Robert L. Rosen will
remain as Interim Co-Chief Executive Officer of ACRE.
Mr. Henderson brings more than 15 years in commercial and residential
real estate with an extensive background across originations, portfolio
management and capital raising. Prior to joining Ares, he held a variety
of leadership roles at Barings Real Estate Advisors, a global advisory
firm, and its predecessor companies Cornerstone Real Estate Advisors and
Babson Capital Management. Most recently, he was Head of Structured Real
Estate Investments at Barings, where he oversaw a leading high yield
real estate debt investment platform with teams in the U.S. and Europe.
Mr. Henderson also led the development, launch and/or investment of
various high yield debt investment vehicles. Mr. Henderson was Chairman
of Barings’ Structured Real Estate Investment Committees in the U.S. and
Europe, a member of Barings’ Direct Equity and Real Estate Securities
Investment Committees, had a leading role in Barings’ real estate
private equity activities, and had direct oversight of a 100-person
specialty finance company focused on multifamily lending. Prior to
joining Barings and its affiliates Cornerstone and Babson Capital in
2005, he was a partner at a private equity real estate firm that owned
and operated over 25,000 apartments, which was focused on the
acquisition and repositioning of distressed multifamily assets. Prior to
that, he served as Vice President of Development at Oldcastle/CRH, where
he focused on the acquisition, repositioning and operation of mid-market
operating companies. He served for six years as an officer in the United
States Navy after graduating from the United States Naval Academy. He
also holds an MBA from Duke University’s Fuqua School of Business.
“Jamie has been well known to us in the value-added real estate lending
market for many years, and we are excited to be adding such a
high-caliber and successful business leader to our team,” said Bill
Benjamin, Partner and Head of the Ares Real Estate Group. “He will be
instrumental in the continued expansion of our real estate debt team,
where we will look to his experience and expertise in further building
out our platform. Jamie will be a valuable partner to Rob Rosen and John
Jardine for ACRE as well as the rest of the Ares Real Estate Group as we
continue to build scale and seek to increase our share in a market with
enormous opportunity for Ares and its investors.”
“Jamie brings significant business-building and management experience
across all important aspects of commercial real estate investing, and we
look forward to his many contributions,” said Messrs. Rosen and Jardine,
Co-CEOs of ACRE. “He has experience in building a successful
alternatives business and proven abilities in attracting significant
assets under management. Jamie has a deep knowledge base of our lending
markets and a successful investment track record, which make him well
suited to enhance ACRE’s future growth potential.”
“Joining ACRE and the Ares Real Estate Group in these important
leadership roles was attractive to me because of the strength of Ares
Management, and the significant growth opportunities I envision for both
ACRE and the Ares real estate debt platform,” said Mr. Henderson. “I’m
looking forward to working in partnership with John to further develop
the Ares Real Estate Debt business and with Rob and John and the rest of
the ACRE team as we seek to prudently expand shareholder value.”
About Ares Management, L.P.
Ares Management, L.P. is a publicly traded, leading global alternative
asset manager with approximately $99 billion of assets under management
as of December 31, 2016, including approximately $3.6 billion of AUM pro
forma for Ares Capital Corporation’s acquisition of American Capital,
Ltd., which closed on January 3, 2017, and more than 15 offices in the
United States, Europe and Asia. Since its inception in 1997, Ares has
adhered to a disciplined investment philosophy that focuses on
delivering strong risk-adjusted investment returns throughout market
cycles. Ares believes each of its three distinct but complementary
investment groups in Credit, Private Equity and Real Estate is a market
leader based on assets under management and investment performance. Ares
was built upon the fundamental principle that each group benefits from
being part of the greater whole. For more information, visit www.aresmgmt.com.
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 www.arescre.com.
The contents of such website are not, and should not be deemed to be,
incorporated by reference herein.
Forward Looking Statements
Statements included herein may constitute “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of
1995, which relate to future events or future performance or financial
condition. These statements are not guarantees of future performance,
condition or results and involve a number of risks and uncertainties.
Actual results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those described
from time to time in each of Ares Management’s and Ares Commercial Real
Estate Corporation’s filings with the Securities and Exchange
Commission. Neither Ares Management nor Ares Commercial Real Estate
Corporation undertakes any duty to update any forward-looking statements
made herein.
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Media:
Mendel Communications
Bill Mendel, 212-397-1030
[email protected]
or
Investors:
Ares
Management, L.P.
Carl Drake, 800-340-6497
[email protected]
or
Ares
Commercial Real Estate Corporation
Carl Drake or John Stilmar
888-818-5298
[email protected]
Source: Ares Management, L.P.
