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Ares Commercial Real Estate sells North Carolina office portfolio for $64 million
ACREAres Commercial Real Estate Corp
Ares Commercial Real Estate Corporation completed the sale of a multi-building office property in North Carolina to an unaffiliated buyer on September 18, 2026, for $64 million in cash. The company acquired legal title via deed in lieu of foreclosure on September 19, 2024, and classified the asset as held for sale beginning with the quarter ended March 31, 2026. Pro forma financial statements indicate the transaction generated approximately $8.6 million in net proceeds after adjustments, increasing cash reserves while removing the property from the balance sheet. Ares Commercial Real Estate Corp operates in the commercial real estate investment and management industry.