Ares Management

(Ares Commercial Real Estate, Ares Commercial Real Estate Management, Ares Real Estate Income Trust, ACRE, AREEIF Lender)

aresmgmt.com

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Ares Management portfolio

$1,000,000* – industrial 100%; Brooklyn 100%, Manhattan 0%

6336th largest portfolio by dollar value

10,320 sqft – industrial 100%;

5214th largest by SF

456 residential units – Brooklyn 100%, Manhattan 0%

470th largest by residential units

0 foreclosures, 1 bankruptcy, 0 other court cases.

Notes

Website: “ACRE is externally managed by Ares Commercial Real Estate Management.”

Company Activity past 24 months:

Buyer company: 1 for $65 million

Borrower company: 1 for $185 million

Lender company: 3 for $615.8 million

Top Ten Associated Companies:

Wildflower Ltd. (2), Taconic Partners (2), AEW Capital Management (2), Stonehenge NYC (2), Hudson Companies (1), BEB Capital (1), Ofer Cohen (1), Tucker Reed (1), Vivian Liao (1), Wells Fargo (1)

Top Ten Associated People:

Andrew Zlotnick (2), Daniel J. Bradley (2), Lee J. Brodsky (1), Ofer Cohen (1), Tucker Reed (1), Ingrid Alfred (1), Louis V. Greco, Jr. (1), Susan O’Brien (1), Pietro Amato (1), Matthew A. Dicker (1)

Recent activity as company:

• Stonehenge NYC and A-Rod Corp. borrowed $43.5 million from Ares Management for 340 East 51st Street, Turtle Bay, Manhattan on January 08, 2025.

• Carlyle Group and Stonehenge NYC borrowed $232.3 million from Barings and Ares Commercial Real Estate for 235 West 48th Street, Midtown West, Manhattan on December 16, 2024.

• Brookfield Properties borrowed $340 million from Ares Management for 2401 3rd Avenue and N/A Commercial Street, Mott Haven, Bronx on May 08, 2024.

• Carlyle Group and Blumenfeld Development Group borrowed $84 million from Argentic Investment Management for 34-09 College Point Blvd and 62-05 30th Avenue, Flushing, Queens on December 11, 2023.

• Hudson Companies borrowed $28.2 million from Voya Investment Management for 94 North 3rd Street, 94 North 3rd Street, 94 North 3rd Street, 94 North 3rd Street, and 94 North 3rd Street, Williamsburg, Brooklyn on December 04, 2023.

• Douglaston Development and Ares Management borrowed $185 million from Wells Fargo, M&T Bank and BankUnited for 1045 Atlantic Avenue, Bedford Stuyvesant, Brooklyn on June 06, 2023.

• BEB Capital, Ofer Cohen, Tucker Reed and Vivian Liao sold 1045 Atlantic Avenue, Bedford Stuyvesant, Brooklyn for $65 million to Douglaston Development and Ares Management on June 06, 2023.

• Taconic Partners and Nuveen borrowed $78.8 million from Ares Commercial Real Estate for 309 East 94th Street and 324 East 95th Street, Yorkville, Manhattan on May 02, 2022.

• Second Development Services borrowed $23 million from Ares Management for 285 Schermerhorn Street, Boerum Hill, Brooklyn on April 26, 2022.

• Wildflower Ltd. and Meadow Partners borrowed $260 million from Silverstein Capital Partners for 35-15 19th Avenue, Ditmars Steinway, Queens on February 24, 2022.