– USA, NY – Ares Commercial Real Estate Corporation (NYSE: ACRE) today announced the appointment of Rebecca Parekh to its Board of Directors, effective immediately, expanding the Board from seven to eight members, including six independent directors.
“Rebecca is an accomplished leader with considerable experience in business strategy, management, organizational development and transformation and corporate finance,” said Board Chairmam, Bill Benjamin.
“On behalf of the management team, we are very pleased to have Rebecca join our Board. 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,” said CEO, Bryan Donohoe.
About Rebecca Parekh
Rebecca Parekh is the Co-Founder and CEO of The Well, a series of wellness facilities. Previously, she served as the COO for Deepak Chopra Radical Well-Being, LLC. Before 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 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, 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 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: https://www.arescre.com/
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