Ares Commercial Real Estate Corporation (NYSE:ACRE) is a mortgage REIT that offers a hefty dividend yield of 14% at current prices. While high income yields are attractive, other factors have to be considered as well. In this report, we'll look at whether Ares Commercial Real Estate is a good investment. Ares Commercial Real Estate Corporation is a mortgage real estate investment trust ('mREIT') that is primarily focused on commercial real estate loans and related investments. These loans are originated by Ares Commercial Real Estate and the company also invests in them, holding a portfolio of CRE loans.