secwatch.observer — SEC 8-K summary
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Issuer:     Ares Commercial Real Estate Corp (ACRE)
CIK:        0001529377
Form:       8-K
Filed at:   2026-09-22T20:32:16+00:00
Accession:  0001628280-26-063051
Event type: other_material
Sentiment:  neutral
Materiality: 0.62
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529377/000162828026063051/0001628280-26-063051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529377/000162828026063051/acre-20260918.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-063051

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