Ares Real Estate Income Trust Files 8-K

TL;DR

Ares REIT filed an 8-K on 4/30, mostly financial docs, no major news.

AI Summary

Ares Real Estate Income Trust Inc. filed an 8-K on May 16, 2024, reporting events as of April 30, 2024. The filing includes financial statements and exhibits, with no specific material events detailed in the provided text. The company was formerly known as Black Creek Diversified Property Fund Inc. and Dividend Capital Diversified Property Fund Inc.

Why It Matters

This filing provides an update on the company's financial status and exhibits, which are important for investors to assess the REIT's performance and holdings.

Risk Assessment

Risk Level: low — The filing is a routine 8-K with financial statements and exhibits, not indicating any immediate or significant risks.

Key Players & Entities

• Ares Real Estate Income Trust Inc. (company) — Registrant
• Black Creek Diversified Property Fund Inc. (company) — Former Company Name
• Dividend Capital Diversified Property Fund Inc. (company) — Former Company Name
• April 30, 2024 (date) — Date of earliest event reported
• May 16, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $66.5 million — il 30, 2024, we estimated approximately $66.5 million of ongoing distribution fees were poten
• $52.0 m — raised gross proceeds of approximately $52.0 million, including proceeds from our dist
• $0.4 million — nd the sale of DST Interests (including $0.4 million of DST Interests financed by DST Progra
• $20.7 million — re redeemed in full on May 1, 2024, was $20.7 million. During April 2024, we issued 11.3 mill
• $88.8 million — r DST Interests for a net investment of $88.8 million. Forward-Looking Statements This Cu

Filing Documents

• are-20240430x8k.htm (8-K) — 206KB
• are-20240430xex99d1.htm (EX-99.1) — 8KB
• 0001327978-24-000063.txt ( ) — 439KB
• 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 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 June 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 June 1, 2024 (and redemptions as of May 31, 2024) is as follows: Share Class Transaction Price (per share) Class T $ 7.6794 Class S 7.6794 Class D 7.6794 Class I 7.6794 Class E 7.6794 The transaction price for each of our share classes is equal to such class's NAV per share as of April 30, 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. April 30, 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 Valuation Ad

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. May 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