Ares Real Estate Income Trust Inc. Enters Material Agreement

TL;DR

Ares REIT just signed a big deal, filing an 8-K on it.

AI Summary

On April 30, 2024, Ares Real Estate Income Trust Inc. entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this event. The company was formerly known as Black Creek Diversified Property Fund Inc. before a name change on September 1, 2017.

Why It Matters

This filing indicates a significant new agreement for Ares Real Estate Income Trust Inc., which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new risks and opportunities that may affect the company's financial health and stock performance.

Key Players & Entities

• Ares Real Estate Income Trust Inc. (company) — Registrant
• April 30, 2024 (date) — Date of earliest event reported
• Black Creek Diversified Property Fund Inc. (company) — Former company name
• September 1, 2017 (date) — Date of former company name change

FAQ

Filing Documents

• are-20240430x8k.htm (8-K) — 38KB
• are-20240430xex10d1.htm (EX-10.1) — 271KB
• 0001327978-24-000055.txt ( ) — 559KB
• are-20240430.xsd (EX-101.SCH) — 5KB
• are-20240430_def.xml (EX-101.DEF) — 3KB
• are-20240430_lab.xml (EX-101.LAB) — 6KB
• are-20240430_pre.xml (EX-101.PRE) — 10KB
• are-20240430x8k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Amended and Restated Advisory Agreement (2024) Renewal of Advisory Agreement Ares Real Estate Income Trust Inc. (referred to herein as the "Company," "we," "our," or "us"), AREIT Operating Partnership LP, the Company's operating partnership (the "Operating Partnership") and Ares Commercial Real Estate Management LLC, the Company's advisor (the "Advisor"), previously entered into that certain Second Amended and Restated Advisory Agreement (2023), effective as of June 3, 2023 (the "2023 Advisory Agreement"). The term of the 2023 Advisory Agreement continued through April 30, 2024, subject to an unlimited number of successive one-year renewals. The Company, the Operating Partnership and the Advisor renewed the 2023 Advisory Agreement on substantially the same terms through April 30, 2025, by entering into the Amended and Restated Advisory Agreement (2024) (the "2024 Advisory Agreement"), effective as of April 30, 2024. In addition to the renewal, the 2024 Advisory Agreement amends the 2023 Advisory Agreement by clarifying that the property accounting services provided by the Advisor do not include financial systems and software and consultants related thereto, and that the Advisor may be reimbursed for expenses related to such financial systems and software and consultants related thereto. The foregoing description is qualified in its entirety by reference to the full text of the 2023 Advisory Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1* Amended and Restated Advisory Agreement (2024), dated as of April 30, 2024, by and among Ares Real Estate Income Trust Inc., AREIT Operating Partnership LP and Ares Commercial Real Estate Management LLC . 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. May 3, 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