Jamie Henderson Joins Ares Management, L.P. as Partner in the Ares Real Estate Group & Co-Head of Ares Real Estate Debt & is ...
April 27 2017 - 4:15PM
Business Wire
Ares Management, L.P. (NYSE:ARES) and Ares Commercial Real
Estate Corporation (NYSE:ACRE) announced today that Jamie Henderson
will join Ares as a Partner in the Ares Real Estate Group, and will
join John Jardine as Co-Head of Real Estate Debt, where they will
both oversee originations, underwriting, portfolio management, and
business development.
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In addition, the Board of Directors of ACRE, the mortgage real
estate investment trust (REIT) managed by a subsidiary of Ares,
appointed Mr. Henderson as President and Chief Investment Officer
of ACRE. Mr. Jardine will remain as Co-Chief Executive Officer and
Robert L. Rosen will remain as Interim Co-Chief Executive Officer
of ACRE.
Mr. Henderson brings more than 15 years in commercial and
residential real estate with an extensive background across
originations, portfolio management and capital raising. Prior to
joining Ares, he held a variety of leadership roles at Barings Real
Estate Advisors, a global advisory firm, and its predecessor
companies Cornerstone Real Estate Advisors and Babson Capital
Management. Most recently, he was Head of Structured Real Estate
Investments at Barings, where he oversaw a leading high yield real
estate debt investment platform with teams in the U.S. and Europe.
Mr. Henderson also led the development, launch and/or investment of
various high yield debt investment vehicles. Mr. Henderson was
Chairman of Barings’ Structured Real Estate Investment Committees
in the U.S. and Europe, a member of Barings’ Direct Equity and Real
Estate Securities Investment Committees, had a leading role in
Barings’ real estate private equity activities, and had direct
oversight of a 100-person specialty finance company focused on
multifamily lending. Prior to joining Barings and its affiliates
Cornerstone and Babson Capital in 2005, he was a partner at a
private equity real estate firm that owned and operated over 25,000
apartments, which was focused on the acquisition and repositioning
of distressed multifamily assets. Prior to that, he served as Vice
President of Development at Oldcastle/CRH, where he focused on the
acquisition, repositioning and operation of mid-market operating
companies. He served for six years as an officer in the United
States Navy after graduating from the United States Naval Academy.
He also holds an MBA from Duke University’s Fuqua School of
Business.
“Jamie has been well known to us in the value-added real estate
lending market for many years, and we are excited to be adding such
a high-caliber and successful business leader to our team,” said
Bill Benjamin, Partner and Head of the Ares Real Estate Group. “He
will be instrumental in the continued expansion of our real estate
debt team, where we will look to his experience and expertise in
further building out our platform. Jamie will be a valuable partner
to Rob Rosen and John Jardine for ACRE as well as the rest of the
Ares Real Estate Group as we continue to build scale and seek to
increase our share in a market with enormous opportunity for Ares
and its investors.”
“Jamie brings significant business-building and management
experience across all important aspects of commercial real estate
investing, and we look forward to his many contributions,” said
Messrs. Rosen and Jardine, Co-CEOs of ACRE. “He has experience in
building a successful alternatives business and proven abilities in
attracting significant assets under management. Jamie has a deep
knowledge base of our lending markets and a successful investment
track record, which make him well suited to enhance ACRE’s future
growth potential.”
“Joining ACRE and the Ares Real Estate Group in these important
leadership roles was attractive to me because of the strength of
Ares Management, and the significant growth opportunities I
envision for both ACRE and the Ares real estate debt platform,”
said Mr. Henderson. “I’m looking forward to working in partnership
with John to further develop the Ares Real Estate Debt business and
with Rob and John and the rest of the ACRE team as we seek to
prudently expand shareholder value.”
About Ares Management, L.P.
Ares Management, L.P. is a publicly traded, leading global
alternative asset manager with approximately $99 billion of assets
under management as of December 31, 2016, including approximately
$3.6 billion of AUM pro forma for Ares Capital Corporation’s
acquisition of American Capital, Ltd., which closed on January 3,
2017, and more than 15 offices in the United States, Europe and
Asia. Since its inception in 1997, Ares has adhered to a
disciplined investment philosophy that focuses on delivering strong
risk-adjusted investment returns throughout market cycles. Ares
believes each of its three distinct but complementary investment
groups in Credit, Private Equity and Real Estate is a market leader
based on assets under management and investment performance. Ares
was built upon the fundamental principle that each group benefits
from being part of the greater whole. For more information, visit
www.aresmgmt.com.
About Ares Commercial Real Estate Corporation
Ares Commercial Real Estate Corporation is a specialty finance
company primarily engaged in originating and investing in
commercial real estate loans and related investments. Through its
national direct origination platform, the Company provides a broad
offering of flexible and reliable financing solutions for
commercial real estate owners and operators. The Company originates
senior mortgage loans, as well as subordinate financings, mezzanine
debt and preferred equity, with an emphasis on providing value
added financing on a variety of properties located in liquid
markets across the United States. Ares Commercial Real Estate
Corporation elected and qualified to be taxed as a real estate
investment trust and is externally managed by a subsidiary of Ares
Management, L.P. For more information, please visit
www.arescre.com. The contents of such website are not, and should
not be deemed to be, incorporated by reference herein.
Forward Looking Statements
Statements included herein may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, which relate to future events or future
performance or financial condition. These statements are not
guarantees of future performance, condition or results and involve
a number of risks and uncertainties. Actual results may differ
materially from those in the forward-looking statements as a result
of a number of factors, including those described from time to time
in each of Ares Management’s and Ares Commercial Real Estate
Corporation’s filings with the Securities and Exchange Commission.
Neither Ares Management nor Ares Commercial Real Estate Corporation
undertakes any duty to update any forward-looking statements made
herein.
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version on businesswire.com: http://www.businesswire.com/news/home/20170427006626/en/
Media:Mendel CommunicationsBill Mendel,
212-397-1030bill@mendelcommunications.comorInvestors:Ares
Management, L.P.Carl Drake, 800-340-6497cdrake@aresmgmt.comorAres
Commercial Real Estate CorporationCarl Drake or John
Stilmar888-818-5298iracre@aresmgmt.com
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