Ares Commercial Real Estate Management Llc
- Regulatory AUM
- $32.5B
- Discretionary
- $29.6B
- Clients
- 10
- Avg AUM / client
- $3.2B
- Accounts
- 11
- Employees
- 412
AUM over time
Annual snapshots from Form ADV filings · as of May 29, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 10 | $31.8B | 97.8% |
| Insurance companies | Fewer than 5 clients | $715M | 2.2% |
Private funds (3)
Reported in Form ADV Section 7.B.(1), filing of Aug 2024 · $6.4B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Ares Real Estate Enhanced Income Fund, L.P. | Hedge Fund | Delaware | $4.7B | 50 |
| Ares Real Estate Secured Income Fund, L.P. | Real Estate Fund | Delaware | $1.0B | 30 |
| Cal Ares Real Estate Debt Partners, Llc | Real Estate Fund | Delaware | $697M | 2 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Operating Engineers' Local 324 Pension Fund Joint Board Of Trustees Operating Engineers Local 324 | 2024 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Ressler, Antony, Peter | Executive Chairman | Jan 2002 (25y) | ≈ 2.64% – 25% via Ares Owners Holdings, L.P. | |
| Arougheti, Michael, J (Mi Only) | Chief Executive Officer And President | Jul 2011 (15y) | Less than 5% | |
| Sagati Aghili, Naseem, Sera | General Counsel And Corporate Secretary | Jan 2020 (7y) | Less than 5% | |
| Yoon, Taesik | Vice President, Chief Financial Officer And Treasurer | Aug 2021 (5y) | Less than 5% | |
| Roll, Penelope, Facemire | Chief Compliance Officer | Mar 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Ares Management Llc | Sole Member | Jul 2011 | A | 75% or more |
| Ares Holdings, L.P. | Limited Partner | Dec 2010 | B | ≈ 42.19% – 100% via Ares Management Holdings L.P. |
| Ares Management Holdings L.P. | Member | Dec 2010 | B | ≈ 56.25% – 100% via Ares Management Llc |
| Ares Management Corporation | Member | Mar 2021 | B | ≈ 15.82% – 75% via Ares Holdco Llc |
| Ares Holdco Llc | General Partner | Jul 2016 | B | ≈ 21.09% – 75% via Ares Holdings, L.P. |
| Ares Owners Holdings, L.P. | Limited Partner | May 2007 | B | ≈ 10.55% – 50% via Ares Holdings, L.P. |
| Ares Partners Holdco Llc | General Partner | May 2014 | B | GP / trustee / elected manager of Ares Owners Holdings, L.P. (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Ressler, Antony, Peter: 25% – 50% of Ares Owners Holdings, L.P. × 25% – 50% of Ares Holdings, L.P. × 75% – 100% of Ares Management Holdings L.P. × 75% – 100% of Ares Management Llc × 75% – 100% direct ≈ 2.64% – 25% of the firm
- Ares Holdings, L.P.: 75% – 100% of Ares Management Holdings L.P. × 75% – 100% of Ares Management Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Ares Management Holdings L.P.: 75% – 100% of Ares Management Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Ares Management Corporation: 75% – 100% of Ares Holdco Llc × 50% – 75% of Ares Holdings, L.P. × 75% – 100% of Ares Management Holdings L.P. × 75% – 100% of Ares Management Llc × 75% – 100% direct ≈ 15.82% – 75% of the firm
- Ares Holdco Llc: 50% – 75% of Ares Holdings, L.P. × 75% – 100% of Ares Management Holdings L.P. × 75% – 100% of Ares Management Llc × 75% – 100% direct ≈ 21.09% – 75% of the firm
- Ares Owners Holdings, L.P.: 25% – 50% of Ares Holdings, L.P. × 75% – 100% of Ares Management Holdings L.P. × 75% – 100% of Ares Management Llc × 75% – 100% direct ≈ 10.55% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (3, $6.4B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Ares Real Estate Enhanced Income Fund, L.P. | Hedge Fund | $4.7B | $5.0M | 50 |
| Ares Real Estate Secured Income Fund, L.P. | Real Estate Fund | $1.0B | $5.0M | 30 |
| Cal Ares Real Estate Debt Partners, Llc | Real Estate Fund | $697M | $0 | 2 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Operating Engineers' Local 324 Pension Fund | Joint Board Of Trustees Operating Engineers Local 324 | 8,819 | $1.9B | 05/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/29/2026 | 18.4 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Wells Fargo $715M (2% of AUM) May 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 29, 2026.
View current Form ADV (SEC/IAPD) ↗