HFF Secures $110 Million Refinancing for 7-Building Office Portfolio in the Dallas Area

  HFF Secures $110 Million Refinancing for 7-Building Office Portfolio in the
  Dallas Area

Business Wire

DALLAS -- July 19, 2017

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured a
$110 million refinancing for a seven-building office portfolio totaling
801,153 square feet in the North Dallas-area communities of Plano and
Carrollton, Texas.

Representing the Billingsley Company, HFF secured a three-year, floating-rate,
non-recourse loan with two one-year extension options through Ares Commercial
Real Estate Corporation (NYSE: ACRE). Proceeds of the loan will be used to
refinance the existing debt and fully stabilize the property.

The portfolio buildings are located at 4000, 4120, 4100, 6400, 6404, 6500 and
6504 International Parkway within the International Business Park, a 50-acre
office park located in Plano and Carrollton. The buildings are situated near
the northwest intersection of two of the most heavily trafficked highways in
the Dallas-Fort Worth area, The Dallas North Tollway and President George Bush
Turnpike. Completed between 1997 and 2001, the two- and three-story buildings
are 87 percent leased. The portfolio features 24-hour security, on-site
management and maintenance, a health club, café, gas grills for corporate and
campus events and an abundance of green spaces.

The HFF debt placement team representing the borrower was led by senior
managing director Trey Morsbach and senior director Jim Curtin.

About Billingsley Company

Billingsley Company is a land development and property management company
headquartered in Dallas, Texas. Billingsley develops and holds a variety of
properties, from office, industrial and flex to retail and multi-family homes,
as well as build to suit opportunities. Learn more at
http://billingsleyco.com.

About Ares Commercial Real Estate Corporation

Ares Commercial Real Estate Corporation (“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, ACRE provides a broad offering of flexible and reliable financing
solutions for commercial real estate owners and operators. ACRE 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. ACRE
elected and qualified to be taxed as a real estate investment trust and is
externally managed by a subsidiary of Ares Management, L.P. (NYSE:ARES), a
publicly traded, leading global alternative asset manager with approximately
$100 billion of assets under management ("AUM") as of March 31, 2017. For more
information, please visit www.arescre.com.

About HFF

Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”),
HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are
owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24
offices and are a leading provider of commercial real estate and capital
markets services to the global commercial real estate industry. HFF, together
with its affiliates, offers clients a fully integrated capital markets
platform including debt placement, investment sales, equity placement, funds
marketing, M&A and corporate advisory, loan sales and loan servicing. For more
information please visit hfflp.com or follow HFF on Twitter @HFF.

View source version on businesswire.com:
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Contact:

HFF
Trey Morsbach, (214) 265-0880
HFF Senior Managing Director
tmorsbach@hfflp.com
or
Jim Curtin, (214) 265-0880
HFF Senior Director
jcurtin@hfflp.com
or
Kristen Murphy, (617) 338-0990
HFF Director, Public Relations
krmurphy@hfflp.com
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