Ares Commercial Real Estate is a specialty finance firm organized as a real estate investment trust (REIT) that focuses on financings such as acquisitions, recapitalizations and restructurings. The firm provides services designed to meet the financing needs of the middle-market commercial real estate which they generally define as assets with values of $15-250 million. It also selectively considers third-party-led senior and subordinated debt financings, senior mortgage loans, mezzanine loans, review portfolio purchases and the purchase of stressed and discounted debt positions.