Investor Presentaiton

Fully Integrated Investment Committee Includes Leadership of Debt and Equity Strategies Bill Benjamin⭑* Partner, Head of Ares Real Estate Group 35 years of experience Bryan Donohoe* Partner, Head of U.S. Debt, CEO of ACRE 21 years of experience Tae-Sik Yoon* Partner, CFO of Ares Real Estate Group, CFO of ACRE 28 years of experience David Roth* Partner, Head of U.S. Equity, President of ACRE 37 years of experience JB Gerber* Partner, Head of Real Estate Debt Origination 16 years of experience Kevin Cahill Partner, Portfolio Manager, Europe Equity 17 years of experience Jay Glaubach Partner, Portfolio Manager, U.S. Equity 23 years of experience Andrew Holm Partner, Portfolio Manager, U.S. Equity 16 years of experience Howard Huang* Partner, Portfolio Manager U.S. 32 years of experience Wilson Lamont Partner, Co-Head of Europe Equity 21 years of experience John Ruane Partner, Co-Head of Europe Equity 21 years of experience David Sachs* Partner, Strategy and Relationship Mgmt. Group 40 years of experience Sumit Sasidharan* Managing Director, Head of Capital Markets, Real Estate Debt 24 years of experience Julie Solomon Partner, Head of Product Management and Investor Relations, Real Estate 22 years of experience *Serves on the Real Estate Debt Investment Subcommittee that reviews deals under a certain threshold. 14 ARES COMMERCIAL REAL ESTATE CORPORATION

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