8-K
filed January 13, 2023, 6:59 PM ET
ticker ZARE
CIK 0001327978
leadership
confidence high
sentiment neutral
materiality 0.70
Ares REIT appoints new Chair and Co-President; NAV per share declines to $8.8235
Ares Real Estate Income Trust Inc.
- James R. Mulvihill departs as Chair; David A. Roth appointed as new Chair.
- Rajat Dhanda steps down as Co-President; Jay W. Glaubach appointed as Co-President and director.
- Gregory M. Moran resigns as CIO; duties assumed by Co-President Glaubach.
- December 2022 NAV per share $8.8235, down from $8.8660 in November.
- Portfolio 95.9% leased with 90 properties; residential rent increases averaged 13.1%/11.6%.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
James R. Mulvihill departed as Chair of the Board at Ares Real Estate Income Trust Inc..
- Action
- leaving
- Role
- Chair of the Board
Exact text from the filing
James R. Mulvihill informing Ares Management Corporation (“Ares Management”) and the Company that, having successfully transitioned the Black Creek Group business sold to Ares Management in 2021, he is leaving to pursue other opportunities.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Rajat Dhanda departed as Partner, Co-President at Ares Real Estate Income Trust Inc..
- Action
- stepped down
- Role
- Partner, Co-President
Exact text from the filing
Mr. Rajat Dhanda, informed the Company that although he will continue as a member of the Board of the Company and as Partner, Global Head of Ares Wealth Management Solutions, he will step down as Partner, Co-President of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jay W. Glaubach was appointed as director at Ares Real Estate Income Trust Inc..
- Action
- appointed
- Role
- director
Exact text from the filing
the Board appointed Jay W. Glaubach as a director effective January 10, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jay W. Glaubach was appointed as Partner, Co-President at Ares Real Estate Income Trust Inc..
- Action
- appointed
- Role
- Partner, Co-President
Exact text from the filing
the Board appointed Mr. Glaubach as Partner, Co-President of the Company effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David A. Roth was appointed as Chair of the Board at Ares Real Estate Income Trust Inc..
- Action
- appointed
- Role
- Chair of the Board
Exact text from the filing
the board of directors (the “Board”) of Ares Real Estate Income Trust Inc. (referred to herein as the “Company,” “we,” “our,” or “us”) appointed David A. Roth as Chair of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gregory M. Moran resigned as Chief Investment Officer at Ares Real Estate Income Trust Inc..
- Action
- resigned
- Role
- Chief Investment Officer
Exact text from the filing
Gregory M. Moran informed the Company that, in order to pursue other opportunities, he resigned as Chief Investment Officer effective immediately.
View on SEC.gov
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