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CHICAGO-Ares Commercial Real Estate Corp. has selected one of its directors, Todd Schuster, to serve as co-CEO, effective June 1. The founder and CEO of CW Financial Services has also been named a senior partner in the real estate group of Ares Management LLC.

Schuster’s co-CEO, John Bartling Jr., says in a release that Schuster brings “a wealth of experience in building a large and diversified real estate platform and has been able to set strategic direction for several organizations. He has significantly contributed to ACRE as an outside board member, and we asked him to join us to make the most use of his expertise and experience as we expand the platform both organically and through acquisitions.”

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