CRE N Illinois

Chicago's Ares Commercial Real Estate Corp. to buy multi-family lender Alliant Capital

In another big commercial move, Chicago-based Ares Commercial Real Estate Corp. will buy multi-family lender Alliant Capital. The sale will cost $62.8 million.

In another big commercial move, Chicago-based Ares Commercial Real Estate Corp. will buy multi-family lender Alliant Capital. The sale will cost $62.8 million.

Ares announced that it would turn Alliant Capital into a wholly-owned taxable REIT subsidiary.

As of March31, Alliant Capital boasted a servicing portfolio of about $3.9 billion in multi-family loans.