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Barings Real Estate Advisers, known as ,has closed its acquisitionof Ares Commercial Real EstateCorp. mortgage banking subsidiary ACRE Capital Holdings LLC.
The ACRE Capital platform will be renamed to BaringsMultifamily Capital and will operate as a subsidiary of Barings Real EstateAdvisers.
Barings Multifamily Capital will be managed by JamieHenderson, head of structured real estate investments at Barings Real EstateAdvisers.