LOS ANGELES--(BUSINESS WIRE)--Ares Management LLC announced today the appointment of John Jardine as a Senior Partner in Ares Management’s Real Estate Group, where he will be responsible for loan production for Ares Commercial Real Estate Corporation (NYSE:ACRE) and the Real Estate Group’s other lending activities.
“As we continue to build momentum in creating a best-in-class real estate finance business and, in particular, a more consistent and greater flow of investment activity for ACRE, we are thrilled to have John join our team. He brings tremendous industry experience and relationships to Ares as well as deep capital markets knowledge,” said Todd Schuster, Senior Partner in Ares’ Real Estate Group and Co-CEO of ACRE. “John will be a valuable Partner to me as we work to raise capital, create compelling products for our clients, and enhance ACRE’s balance sheet.”
“The opportunity to join Todd and help build the Ares Real Estate Group is very attractive to me,” said Mr. Jardine. “I look forward to enhancing the ACRE platform as well as providing world-class products to our sponsors and the level of service they have come to know in working with the broader real estate team.”
Mr. Jardine is a seasoned real estate professional and has an extensive background in loan production, capital markets, asset management and development. He spent 22 years at TIAA-CREF, where he negotiated and closed numerous multi-million dollar transactions and was the portfolio manager of a multi-billion dollar position in commercial real estate. He led the formation of TIAA Realty, Inc., a $2 billion private office and industrial real estate investment trust, as well as Teachers Properties, Inc., a taxable development and disposition subsidiary. Most recently prior to joining Ares, Mr. Jardine served as Managing Director at C-III Asset Management, where he was responsible for large loan asset management as well as portfolio oversight of collateralized debt obligations. Prior to that, he was Managing Director at ZAIS Group, where he was responsible for strategic commercial real estate initiatives.
About Ares Management LLC
Ares Management LLC is a global alternative asset manager and SEC registered investment adviser with approximately $68 billion of committed capital under management and 700 employees as of September 30, 2013. Ares is headquartered in Los Angeles with professionals located across the United States, Europe and Asia and invests across the capital structure – from senior debt to common equity. Ares’ investment activities are managed by dedicated teams in its Capital Markets, Private Debt, Private Equity and Real Estate investment platforms. Ares Management was built upon the fundamental principle that each platform benefits from being part of the greater whole. This multi-asset class synergy provides its professionals with insights into industry trends, access to significant deal flow and the ability to assess relative value.
For additional information, visit www.aresmgmt.com.