CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenue:
Interest income from loans held for investment	$ 114,784	$ 118,284	$ 97,541
Interest expense	(62,583)	(63,002)	(51,193)
Net interest margin	52,201	55,282	46,348
Revenue from real estate owned	25,058	0	0
Total revenue	77,259	55,282	46,348
Expenses:
Management and incentive fees to affiliate	7,363	7,418	6,569
Professional fees	2,194	1,945	1,674
General and administrative expenses	4,188	3,307	2,828
General and administrative expenses reimbursed to affiliate	3,026	3,570	3,899
Expenses from real estate owned	22,982	0	0
Total expenses	39,753	16,240	14,970
Early extinguishment of debt costs	0	0	(768)
Income before income taxes	37,506	39,042	30,610
Income tax expense, including excise tax	515	446	178
Net income attributable to ACRE	36,991	38,596	30,432
Less: Net income attributable to non-controlling interests	0	0	(25)
Net income attributable to common stockholders	$ 36,991	$ 38,596	$ 30,407
Earnings per common share:
Basic earnings per common share (in dollars per share)	$ 1.29	$ 1.35	$ 1.07
Diluted earnings per common share (in dollars per share)	$ 1.28	$ 1.35	$ 1.07
Weighted average number of common shares outstanding:
Basic weighted average shares of common stock outstanding (in shares)	28,609,282	28,529,439	28,478,237
Diluted weighted average shares of common stock outstanding (in shares)	28,846,641	28,656,660	28,550,945