---
schema_version: "secwatch.filing_event.v1"
accession: "0001327978-23-000009"
form_type: "8-K"
ticker: "ZARE"
cik: "0001327978"
company_name: "Ares Real Estate Income Trust Inc."
filed_at: "2023-01-13T23:59:59+00:00"
generated_at: "2026-06-20T15:12:44.957950+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ares REIT appoints new Chair and Co-President; NAV per share declines to $8.8235

## Summary
- 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%.

## SEC filing metadata
- accession: 0001327978-23-000009
- form_type: 8-K
- ticker: ZARE
- cik: 0001327978
- company_name: Ares Real Estate Income Trust Inc.
- filed_at: 2023-01-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327978/000132797823000009/0001327978-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327978/000132797823000009/are-20221231x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001327978-23-000009
- JSON: https://secwatch.observer/filing/0001327978-23-000009.json
- Plain text: https://secwatch.observer/filing/0001327978-23-000009.txt

## Key facts
- Executive change
  James R. Mulvihill departed as Chair of the Board at Ares Real Estate Income Trust Inc..
  - Action: leaving
  - Role: Chair of the Board
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327978/000132797823000009/0001327978-23-000009-index.htm
- Executive change
  Rajat Dhanda departed as Partner, Co-President at Ares Real Estate Income Trust Inc..
  - Action: stepped down
  - Role: Partner, Co-President
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327978/000132797823000009/0001327978-23-000009-index.htm
- Executive change
  Jay W. Glaubach was appointed as director at Ares Real Estate Income Trust Inc..
  - Action: appointed
  - Role: director
  source text: the Board appointed Jay W. Glaubach as a director effective January 10, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327978/000132797823000009/0001327978-23-000009-index.htm
- Executive change
  Jay W. Glaubach was appointed as Partner, Co-President at Ares Real Estate Income Trust Inc..
  - Action: appointed
  - Role: Partner, Co-President
  source text: the Board appointed Mr. Glaubach as Partner, Co-President of the Company effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327978/000132797823000009/0001327978-23-000009-index.htm
- Executive change
  David A. Roth was appointed as Chair of the Board at Ares Real Estate Income Trust Inc..
  - Action: appointed
  - Role: Chair of the Board
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327978/000132797823000009/0001327978-23-000009-index.htm
- Executive change
  Gregory M. Moran resigned as Chief Investment Officer at Ares Real Estate Income Trust Inc..
  - Action: resigned
  - Role: Chief Investment Officer
  source text: Gregory M. Moran informed the Company that, in order to pursue other opportunities, he resigned as Chief Investment Officer effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327978/000132797823000009/0001327978-23-000009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.