{
  "crd_number": 159050,
  "slug": "ares-commercial-real-estate-management-llc-los-angeles-ca-159050",
  "primary_business_name": "ARES COMMERCIAL REAL ESTATE MANAGEMENT LLC",
  "legal_name": "ARES COMMERCIAL REAL ESTATE MANAGEMENT LLC",
  "dbas": [],
  "city": "Los Angeles",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "31080",
  "metro": {
    "cbsa_code": "31080",
    "common_name": "Los Angeles",
    "msa_name": "Los Angeles-Long Beach-Anaheim, CA",
    "path": "/advisors/ca/los-angeles"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2011-11-14",
  "years_registered": 14,
  "period": "2026-10-01",
  "filing_date": "2026-08-26",
  "carried_forward": false,
  "raum_total": 32483242395.0,
  "raum_discretionary": 29587770555.0,
  "raum_non_discretionary": 2895471840.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 412,
  "advisory_employees": 245,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "insurance_companies": {
      "raum": 714876000.0,
      "count": null,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 31768366395.0,
      "count": 10
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 3,
  "states_registered": [
    "CA",
    "CO",
    "CT",
    "DE",
    "FL",
    "GA",
    "IL",
    "MD",
    "NC",
    "NJ",
    "NY",
    "TX",
    "VA",
    "WA"
  ],
  "websites": [
    "https://arescre.com",
    "https://aresfoundation.org",
    "https://aresfoundationreport.aresmgmt.com",
    "https://aresmgmt.com",
    "https://arespublicfunds.com",
    "https://areswms.com",
    "https://instagram.com/ares_mgmt",
    "https://instagram.com/marqlogistics",
    "https://linkedin.com/company/ares-management",
    "https://linkedin.com/company/marq-log",
    "https://linkedin.com/in/michael-arougheti",
    "https://marq.jp",
    "https://marqlogistics.com",
    "https://twitter.com/@Ares_Management",
    "https://x.com/marqlogistics",
    "https://youtube.com/@ares_management",
    "https://youtube.com/@marqlogistics"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/159050",
  "disclosure_items": [
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    }
  ],
  "city_as_filed": "LOS ANGELES",
  "url": "https://advisorcensus.com/firm/ares-commercial-real-estate-management-llc-los-angeles-ca-159050",
  "display_name": "Ares Commercial Real Estate Management LLC",
  "summary": "Ares Commercial Real Estate Management LLC is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2011, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 26, 2026.",
  "citation": "AdvisorCensus. Ares Commercial Real Estate Management LLC (CRD 159050): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Ares Commercial Real Estate Management LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Ares Commercial Real Estate Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Ares Commercial Real Estate Management LLC located?",
      "a": "Ares Commercial Real Estate Management LLC's principal office is in Los Angeles, CA, according to its Form ADV; the September 2026 filing also lists 12 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Ares Commercial Real Estate Management LLC registered with the SEC or a state?",
      "a": "Ares Commercial Real Estate Management LLC is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 159050."
    },
    {
      "q": "How much does Ares Commercial Real Estate Management LLC manage?",
      "a": "Ares Commercial Real Estate Management LLC reports $32,483,242,395 in regulatory assets under management in its Form ADV filing dated August 26, 2026 (91% discretionary)."
    },
    {
      "q": "How have Ares Commercial Real Estate Management LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Ares Commercial Real Estate Management LLC: Regulatory assets under management: $4,437,488,211 in the October 2021 data and $32,483,242,395 in the October 2026 data, up 632%. Total employees: 39 in October 2021 and 412 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Ares Commercial Real Estate Management LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (10)."
    },
    {
      "q": "Which custodians does Ares Commercial Real Estate Management LLC use?",
      "a": "Ares Commercial Real Estate Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Wells Fargo Bank N.A. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Ares Commercial Real Estate Management LLC report any disciplinary disclosures?",
      "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/159050"
    },
    {
      "q": "What changed in Ares Commercial Real Estate Management LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 243 to 245. Regulatory assets under management went from $27,141,856,440 to $32,483,242,395 (+20%). Added an office in London. Added an office in Miami Beach, FL. No longer lists an office in Austin, TX. No longer lists an office in Charlotte, NC. No longer lists an office in El Segundo, CA. No longer lists an office in Los Angeles, CA. Registered or notice-filed in FL."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 4437488211.0,
      "total_employees": 39,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 19282513604.0,
      "total_employees": 328,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 26452966597.0,
      "total_employees": 353,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 26497690869.0,
      "total_employees": 435,
      "filing_date": "2024-08-27"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 27141856440.0,
      "total_employees": 455,
      "filing_date": "2025-05-30"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 32483242395.0,
      "total_employees": 412,
      "filing_date": "2026-08-26"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 243 to 245.",
        "Regulatory assets under management went from $27,141,856,440 to $32,483,242,395 (+20%).",
        "Added an office in London.",
        "Added an office in Miami Beach, FL.",
        "No longer lists an office in Austin, TX.",
        "No longer lists an office in Charlotte, NC.",
        "No longer lists an office in El Segundo, CA.",
        "No longer lists an office in Los Angeles, CA.",
        "Registered or notice-filed in FL."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Wells Fargo Bank N.A.",
      "name_as_filed": "WELLS FARGO BANK N.A.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/ares-commercial-real-estate-management-llc-los-angeles-ca-159050.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 10,
      "fewer_than_5": false,
      "raum": 31768366395.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": 714876000.0
    }
  ],
  "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/159050",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}