Ares Commercial Real Estate: This 13.8% Yielder Has 95% Senior Loans (NYSE:ACRE)

The commercial real estate sector remains a good place to find some bargains. In this article, I’m focused on Ares Commercial Real Estate Corp. (ACRE), whose stock price has fallen by 40% since the start of the year. While risks still remain, I believe the market has overly-punished this commercial mortgage REIT. I evaluate what makes this an attractive investment at present; so let’s get started.

(Source: Company website)

A Look into Ares Commercial Real Estate

ACRE is a commercial mortgage REIT that is externally-managed by the well-renowned investment manager, Ares Management (ARES). Through this affiliation, ACRE is able to leverage the Ares investment platform to obtain incremental deal flow and market intelligence from Ares’ broader resources, relationships, and experience.

What I like about ACRE is its conservatively-minded focus on senior mortgage loans, which comprises 95% of ACRE’s portfolio. Its portfolio is also well-diversified geographically, with 40% of its loans

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Ares Commercial Real Estate: A 13.8% Yield With 95% Senior Loans (NYSE:ACRE)

The commercial real estate sector remains a good place to find some bargains. In this article, I’m focused on Ares Commercial Real Estate Corp. (ACRE), whose stock price has fallen by 40% since the start of the year. While risks still remain, I believe the market has overly-punished this commercial mortgage REIT. I evaluate what makes this an attractive investment at present; so let’s get started.

(Source: Company website)

A Look into Ares Commercial Real Estate

ACRE is a commercial mortgage REIT that is externally-managed by the well-renowned investment manager, Ares Management (ARES). Through this affiliation, ACRE is able to leverage the Ares investment platform to obtain incremental deal flow and market intelligence from Ares’ broader resources, relationships, and experience.

What I like about ACRE is its conservatively-minded focus on senior mortgage loans, which comprises 95% of ACRE’s portfolio. Its portfolio is also well-diversified geographically, with 40% of its loans

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State lifts curbs on indoor visits to senior homes, but urges caution

Despite an alarming surge in coronavirus cases, Gov. Tim Walz’s administration is rolling back a heart-wrenching policy that prevented families from visiting their loved ones in nursing homes and assisted-living facilities during the pandemic.

The Minnesota Department of Health issued new guidelines Monday that allow indoor visits at most senior homes that have not had new COVID-19 infections in the preceding two weeks and the infection rate in the surrounding county is no more than 10%. But the state recommends that long-term care facilities limit how many visitors a resident can have at one time, as well as the duration of indoor visits.

The guidance was issued in response to a new federal policy and significantly eases restrictions in place since March, when nursing homes and assisted-living complexes across the state shut down and barred family visits in an attempt to protect older residents who are particularly vulnerable to the

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FL Providing Rapid Coronavirus Tests To Senior Homes, Schools

TALLAHASSEE, FL — The State of Florida this week announced it is offering up hundreds of thousands of rapid tests for the coronavirus to senior living facilities, schools and state testing sites. The tests are said to return results in 15 minutes or less.

Gov. Ron DeSantis on Tuesday said the state will distribute some 400,000 BinaxNOW tests this week alone. The federal government has already provided the tests to about 800 nursing homes in Florida, and the state will provide tests to the remaining 3,200 facilities, he said.

All told, about 100,000 tests will go to long term care facilities, and another 180,000 will go to senior living communities.

Another 60,000 BinaxNOW tests will be provided to schools across the state. DeSantis said schools that utilize rapid testing will be able to avoid making students isolate unnecessarily.

“If a student is either sent to school sick or becomes sick

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Life inside senior care homes, after the coronavirus crucible

In the rooms, halls, and gathering spots of the Commonwealth’s senior care sites, the coronavirus took a particularly insidious hold in the spring and early summer. Rogerson House in Jamaica Plain had the state’s first known senior care fatality. At St. Chretienne Retirement Residence in Marlborough, 22 of 31 nuns contracted the coronavirus. Sickness spread and the residents were isolated from friends and family. Since those dark days, staff members have adjusted even the most basic of routines. Today, the way of life for residents has been transformed.

 Sisters Gloria Cote, 92, (left) and Jeanne Fregeau, 93, shared a laugh on the porch at St. Chretienne Retirement Residence. Both fell ill to COVID-19 during the April outbreak. Cote said, "I wasn't as sick as she was."  Fregeau said, " When I realized what it was I was afraid to die. Then I thought, 'the Lord will come and get me.' I worried about what would happen to Gloria. But I guess it wasn't time because he didn't come get me.''
Sisters Gloria Cote, 92, (left) and Jeanne Fregeau, 93, shared a laugh on the porch at St. Chretienne Retirement Residence. Both fell ill to COVID-19 during the April outbreak. Cote said, “I wasn’t as sick as she was.” Fregeau said, ” When I realized what it was I was afraid to die. Then I thought, ‘the Lord will come and get
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Xinyuan Real Estate Co., Ltd. Announces Issuance of US$300 million of 14.5% Senior Notes Due 2023

The MarketWatch News Department was not involved in the creation of this content.


BEIJING, Sept. 18, 2020 /PRNewswire via COMTEX/ —
BEIJING, Sept. 18, 2020 /PRNewswire/ — Xinyuan Real Estate Co., Ltd. (“Xinyuan” or “the Company”) (NYSE: XIN), an NYSE-listed real estate developer and property manager operating primarily in China and also in other countries, today announced the completion of its offering of US$300 million in aggregate principal amount of 14.5% senior notes due 2023 (the “Notes”).

The Notes are listed on the Singapore Exchange and were issued at the price of 100% plus accrued interest. The notes bear interest at a rate of 14.5% per annum.  

The Notes are guaranteed by certain of Xinyuan’s subsidiaries and secured by a pledge of the capital stock of certain of Xinyuan’s subsidiaries. Xinyuan intends to use the proceeds from the Notes offering to refinance certain offshore existing indebtedness and for general corporate

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Xinyuan Real Estate Co., Ltd. Announces Completion of Partial Repurchases of Senior Notes

Xinyuan Real Estate Co., Ltd. Announces Completion of Partial Repurchases of
Senior Notes

BEIJING, Sept. 24,  2020 (GLOBE  NEWSWIRE) --  Xinyuan Real  Estate Co.,  Ltd.
(“Xinyuan” or “the Company”) (NYSE: XIN), an NYSE-listed real estate developer
and property manager operating primarily in China and also in other countries,
today announced  that  the  Company  has completed  two  tranches  of  partial
repurchases  of  certain  senior  notes  listed  on  the  Singapore   Exchange
Securities Trading Limited (the “SGX-ST”).

The Company’s Senior Notes set forth in the tables below (the “Existing Senior
Notes”) are listed on the  Singapore Exchange Securities Trading Limited  (the
“SGX-ST”). The SGX-ST assumes no responsibility for the correctness of any  of
the statements made, opinions expressed or reports contained herein.

From March 3, 2020 to September 10, 2020

From March 3,  2020 through  September 10,  2020, the  Company made  on-market
repurchases of its 14.2% and 7.75%  senior notes in accordance with 
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