Short answer
Ares Commercial Real Estate Corp (ACRE) filed an 8-K current report with the SEC on September 22, 2026 reporting Item 2.01 (Completion of Acquisition or Disposition of Assets), Item EX-99.1 (Exhibit EX-99.1). $64 million cash sale of North Carolina multi-building office property completed September 18, 2026.
Ares Commercial Real Estate Corp 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.01 · Completion of Acquisition or Disposition of Assets
- $64 million cash sale of North Carolina multi-building office property completed September 18, 2026
- Disposition by wholly owned subsidiary to unaffiliated buyer
- Property acquired through deed in lieu of foreclosure on September 19, 2024
- Held-for-sale classification began in quarter ended March 31, 2026
- Converts a foreclosed real estate asset into cash and reduces office-property exposure
Item EX-99.1 · Exhibit EX-99.1
- North Carolina office property sold for $64 million cash on September 18, 2026 after deed-in-lieu foreclosure ownership
- Estimated net proceeds increase cash by $61.9 million and eliminate $53.9 million of real estate held for sale
- Pro forma stockholders’ equity rises $8.6 million to $497.9 million, indicating proceeds exceed the property’s carrying value
- Property removal reduces six-month 2026 revenue by $5.3 million and net income by $3.0 million, worsening loss to $8.2 million
- Annual 2025 pro forma impact modestly improves net loss by $0.1 million to $0.8 million and removes $9.4 million revenue”】【
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other Ares Commercial Real Estate Corp 8-K filings
Get the next ACRE 8-K as it lands
Follow ACRE for push alerts, or ask the research agent what this filing means.