Ares CRE sells NC office property for $64M cash; net proceeds est. $61.9M

Ares Commercial Real Estate Corp

Sold multi-building NC office property for $64M cash to unaffiliated buyer on Sept 18, 2026.
Property acquired via deed-in-lieu foreclosure Sept 19, 2024; held for sale since Q1 2026.
Estimated net cash proceeds ~$61.9M after costs/prorations; REO carrying value was $53.9M.
Pro forma gain adds $8.6M to equity; FY25 pro forma net loss narrows to $804K from $902K.
Pro forma 1H26 net loss widens to $8.2M from $5.2M due to removed property revenue/expenses.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.