Ares Real Estate Income Trust Files 8-K

TL;DR

Ares REIT filed an 8-K on Feb 29, 2024, mostly standard disclosures.

AI Summary

Ares Real Estate Income Trust Inc. filed an 8-K on March 15, 2024, reporting events as of February 29, 2024. The filing includes financial statements and exhibits, with no specific dollar amounts or new material events detailed in the provided text.

Why It Matters

This filing provides updated information and exhibits for Ares Real Estate Income Trust Inc., which is important for investors to stay informed about the company's regulatory disclosures.

Risk Assessment

Risk Level: low — The filing is a routine 8-K with no immediate negative or positive financial impact indicated in the provided text.

Key Players & Entities

• Ares Real Estate Income Trust Inc. (company) — Registrant
• February 29, 2024 (date) — Earliest event reported date
• March 15, 2024 (date) — Date of report
• Black Creek Diversified Property Fund Inc. (company) — Former company name
• Dividend Capital Diversified Property Fund Inc. (company) — Former company name
• Dividend Capital Total Realty Trust Inc. (company) — Former company name

FAQ

Key Financial Figures

• $65.0 million — ry 29, 2024, we estimated approximately $65.0 million of ongoing distribution fees were poten
• $128.9 m — raised gross proceeds of approximately $128.9 million, including proceeds from our dist
• $9.8 million — nd the sale of DST Interests (including $9.8 million of DST Interests financed by DST Progra
• $37.0 million — 24 and March 1, 2024, respectively, was $37.0 million. During February 2024, we issued 9.0 mi
• $72.0 million — r DST Interests for a net investment of $72.0 million. Forward-Looking Statements This Cur

Filing Documents

• are-20240229x8k.htm (8-K) — 206KB
• are-20240229xex99d1.htm (EX-99.1) — 8KB
• 0001327978-24-000031.txt ( ) — 439KB
• are-20240229.xsd (EX-101.SCH) — 5KB
• are-20240229_def.xml (EX-101.DEF) — 3KB
• are-20240229_lab.xml (EX-101.LAB) — 6KB
• are-20240229_pre.xml (EX-101.PRE) — 10KB
• are-20240229x8k_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. Ares Real Estate Income Trust Inc. (referred to herein as the "Company," "we," "our," or "us") is filing this Current Report on Form 8-K in order to disclose the most recent transaction price and net asset value ("NAV") per share, as determined in accordance with the Company's valuation procedures, for each of our classes of common stock and to provide an update on our assets. Most Recent Transaction Price and Net Asset Value Per Share April 1, 2024 Transaction Price The transaction price for each share class of our common stock for subscriptions accepted (and distribution reinvestment plan issuances) as of April 1, 2024 (and redemptions as of March 31, 2024) is as follows: Share Class Transaction Price (per share) Class T $ 7.8437 Class S 7.8437 Class D 7.8437 Class I 7.8437 Class E 7.8437 The transaction price for each of our share classes is equal to such class's NAV per share as of February 29, 2024. A calculation of the NAV per share is set forth below. The purchase price of our common stock for each share class equals the transaction price of such class, plus applicable upfront selling commissions and dealer manager fees. February 29, 2024 NAV Per Share Our board of directors, including a majority of our independent directors, has adopted valuation procedures, as amended from time to time, that contain a comprehensive set of methodologies to be used in connection with the calculation of our NAV. Our most recent NAV per share for each share class, which is updated as of the last calendar day of each month, is posted on our website at areswmsresources.com/investment-solutions/AREIT and is also available on our toll-free, automated telephone line at (888) 310-9352. With the approval of our board of directors, including a majority of our independent directors, we have engaged Altus Group U.S. Inc., a third-party valuation firm, to serve as our independent valuation advisor ("Altus Group" or the "Independent Va

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K includes certain statements that are intended to be deemed "forward-looking statements" within the meaning of, and to be covered by the safe harbor provisions contained in, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are generally identifiable by the use of the words "may," "will," "should," "expect," "anticipate," "estimate," "believe," "intend," "project," "continue," or other similar words or terms and include, without limitation, statements regarding the estimates and assumptions used in the calculation of our NAV per Fund Interest. These statements are based on certain assumptions and analyses made in light of our experience and our perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate. Such statements are subject to a number of assumptions, risks and uncertainties that may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Among the factors that may cause results to vary are the negative impact of increased inflation, changes in interest rates, the conflict between Russia and Ukraine, and/or the ongoing conflict in the Middle East on our financial condition and results of operations being more significant than expected, general economic and business (particularly real estate and capital market) conditions being less favorable than expected, the business opportunities that may be presented to and pursued by us, changes in laws or regulations (including changes to laws governing the taxation of real estate investment trusts ("REITs")), risk of acquisitions, availability and creditworthiness of prospect

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1* Consent of Altus Group U.S. Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Filed herewith.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Ares Real Estate Income Trust Inc. March 15, 2024 By: /s/ TAYLOR M. PAUL Taylor M. Paul Managing Director, Chief Financial Officer and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR