 NEW YORK--BUSINESS WIRE--Ares Commercial Real Estate Corporation the Company NYSE:ACRE, a specialty finance company engaged in originating and investing in commercial real estate assets, reported generally accepted accounting principles GAAP net income of 14.4 million or 0.43 per diluted common share and Distributable Earnings1 of 13.7 million or 0.41 per diluted common share for the fourth quarter of 2020. The Company reported GAAP net income of 21.8 million or 0.66 per dil 