Ares Commercial Real Estate Corporation Appoints Rebecca Parekh to its Board of Directors
16 Décembre 2021 - 10:30PM
Business Wire
Ares Commercial Real Estate Corporation announced today that it
has appointed Rebecca Parekh to its Board of Directors, effective
immediately. Ms. Parekh’s appointment expands the Board from seven
to eight members, including six independent board members.
Ms. Parekh is the Co-Founder and Chief Executive Officer of The
Well, a series of wellness facilities. Previously, she served as
the Chief Operating Officer for Deepak Chopra Radical Well-Being,
LLC. Prior to that, Ms. Parekh spent ten years at Deutsche Bank
Securities, Inc., focused primarily on structured credit where she
held various positions, including Head of the U.S. Private
Institutional Client Group and Head of Cross Product Sales. In
addition, Ms. Parekh served on the Steering Committee of the Bank’s
Women’s Network.
“Rebecca is an accomplished leader with considerable experience
in business strategy, management, organizational development and
transformation and corporate finance,” said Bill Benjamin, Chairman
of the Board of Directors of Ares Commercial Real Estate
Corporation.
“On behalf of the management team, we are very pleased to have
Rebecca join our Board,” said Bryan Donohoe, Chief Executive
Officer of Ares Commercial Real Estate Corporation. “Rebecca joins
us at an exciting time as origination activity has reached record
levels. I am confident in her ability to represent our long-term
interests and those of our stockholders as we continue to grow as a
public company and execute on our strategic initiatives to enhance
stockholder value.”
Ms. Parekh is also an active leader in the community serving as
an Advisor to the Tufts Friedman School of Nutrition
Entrepreneurship Program. She was the Co-Founder and Executive
Director of the Global Foundation for Eating Disorders (GFED), a
non-profit organization dedicated to funding medical research to
advance cutting edge treatment in the field. She also sits on the
board of several social impact companies and non-profit
foundations. Ms. Parekh holds a bachelor’s degree in Biological
Anthropology from the University of Michigan.
About Ares Commercial Real Estate Corporation
Ares Commercial Real Estate Corporation (NYSE: ACRE) 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20211216006027/en/
Media: Mendel Communications Bill Mendel, 212-397-1030
bill@mendelcommunications.com
Ares Management Corporation Brittany Cash, 212-301-0347
bcash@aresmgmt.com
Investor Relations: Ares Commercial Real Estate
Corporation Carl Drake or Veronica Mayer 888-818-5298
iracre@aresmgmt.com
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