# Ares Commercial Real Estate Management LLC

> 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.

- CRD: 159050
- Filed as: ARES COMMERCIAL REAL ESTATE MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Los Angeles, CA
- Filing period: October 2026
- Form ADV filing dated: August 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/159050
- AdvisorCensus page: https://advisorcensus.com/firm/ares-commercial-real-estate-management-llc-los-angeles-ca-159050

## Quick answers

**How is Ares Commercial Real Estate Management LLC compensated?**
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.

**Where is Ares Commercial Real Estate Management LLC located?**
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).

**Is Ares Commercial Real Estate Management LLC registered with the SEC or a state?**
Ares Commercial Real Estate Management LLC is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 159050.

**How much does Ares Commercial Real Estate Management LLC manage?**
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).

**How have Ares Commercial Real Estate Management LLC's assets and staff changed since 2021?**
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.

**What types of clients does Ares Commercial Real Estate Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (10).

**Which custodians does Ares Commercial Real Estate Management LLC use?**
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.

**Does Ares Commercial Real Estate Management LLC report any disciplinary disclosures?**
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

**What changed in Ares Commercial Real Estate Management LLC's recent Form ADV filings?**
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.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Wells Fargo Bank N.A.

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.

### Regulatory assets under management (Item 5.F)
- Total: $32,483,242,395
- Discretionary: $29,587,770,555
- Non-discretionary: $2,895,471,840

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 10 | $31,768,366,395 |
| Insurance companies | Fewer than 5 | $714,876,000 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2011 (14 years)
- Employees: 412 total, 245 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, CT, DE, FL, GA, IL, MD, NC, NJ, NY, TX, VA, WA
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): 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?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/159050

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Atlanta, GA
- Bellevue, WA
- Chicago, IL
- Dallas, TX
- Denver, CO
- East Rutherford, NJ
- London
- Miami Beach, FL
- Mumbai
- New York, NY
- Newport Beach, CA
- West Hartford, CT

### Websites listed on Form ADV (Item 1.I)
- arescre.com
- aresfoundation.org
- aresfoundationreport.aresmgmt.com
- aresmgmt.com
- arespublicfunds.com
- areswms.com
- marq.jp
- marqlogistics.com
- Instagram @ares_mgmt
- Instagram @marqlogistics
- LinkedIn @ares-management
- LinkedIn @marq-log
- LinkedIn @michael-arougheti
- X @Ares_Management
- X @marqlogistics
- YouTube @ares_management
- YouTube @marqlogistics

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $4,437,488,211 | 39 | March 31, 2021 |
| October 2022 | $19,282,513,604 | 328 | March 31, 2022 |
| October 2023 | $26,452,966,597 | 353 | March 31, 2023 |
| October 2024 | $26,497,690,869 | 435 | August 27, 2024 |
| October 2025 | $27,141,856,440 | 455 | May 30, 2025 |
| October 2026 | $32,483,242,395 | 412 | August 26, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Ares Commercial Real Estate Management LLC (CRD 159050): Form ADV filing data as of October 2026.