X0306 4 2013-12-23 1 0001529377 Ares Commercial Real Estate Corp ACRE 0001525554 ARES INVESTMENTS HOLDINGS LLC 2000 AVENUE OF THE STARS 12TH FLOOR LOS ANGELES CA 90067 0 0 1 0 0001525555 ARES INVESTMENTS LLC 2000 AVENUE OF THE STARS 12TH FLOOR LOS ANGELES CA 90067 0 0 1 0 0001259042 ARES PARTNERS MANAGEMENT CO LLC 2000 AVENUE OF THE STARS 12TH FLOOR LOS ANGELES CA 90067 0 0 1 0 Common Stock 2013-12-23 4 J 0 2000000 0 D 0 D As a result of pro rata in kind distributions made by the Reporting Persons (as defined below) to their respective members for no additional consideration as described in the statement on Schedule 13D jointly filed by the Reporting Persons with the U.S. Securities and Exchange Commission on December 24, 2013, the Reporting Persons no longer own any shares of common stock of the Issuer ("Common Stock"). This Form 4 is being filed jointly by (i) Ares Investments Holdings LLC ("AIH"), (ii) Ares Investments LLC and (iii) Ares Partners Management Company LLC (collectively, the "Reporting Persons") in respect of shares of Common Stock that were held directly by AIH. /s/ Michael D. Weiner, Authorized Signatory, for ARES PARTNERS MANAGEMENT COMPANY LLC 2013-12-24 /s/ Michael D. Weiner, Authorized Signatory, for ARES INVESTMENTS HOLDINGS LLC 2013-12-24 /s/ Michael D. Weiner, Authorized Signatory, for ARES INVESTMENTS LLC 2013-12-24