---
schema_version: "secwatch.filing_event.v1"
accession: "0001327978-23-000096"
form_type: "8-K"
ticker: "ZARE"
cik: "0001327978"
company_name: "Ares Real Estate Income Trust Inc."
filed_at: "2023-06-05T23:59:59+00:00"
generated_at: "2026-06-14T07:11:57.722199+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Ares Real Estate Income Trust launches student housing JV with Timberline; fully satisfied May redemptions

## Summary
- Entered into Student Housing Investment Arrangement via JV with Timberline Real Estate Ventures to create a Product Specialist.
- Company retains sole authority over investment decisions; Specialist paid market-rate fees for sourcing, management, and construction.
- Fully satisfied all stockholder redemption requests in May 2023; experienced net inflows through May 31, 2023.
- Amended Advisory Agreement and OP Agreement to permit separate fees for Product Specialists without affecting advisor compensation.

## SEC filing metadata
- accession: 0001327978-23-000096
- form_type: 8-K
- ticker: ZARE
- cik: 0001327978
- company_name: Ares Real Estate Income Trust Inc.
- filed_at: 2023-06-05T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327978/000132797823000096/0001327978-23-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327978/000132797823000096/are-20230603x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001327978-23-000096
- JSON: https://secwatch.observer/filing/0001327978-23-000096.json
- Plain text: https://secwatch.observer/filing/0001327978-23-000096.txt

## Key facts
- Material Agreements
  Ares Real Estate Income Trust Inc. amended Second Amended and Restated Advisory Agreement (2023) with Ares Commercial Real Estate Management LLC valued at Amendment to provide that fees and expense reimbursements paid to Product Specialists are not subjec (effective 2023-06-03).
  - Action: amendment
  - Counterparty: Ares Commercial Real Estate Management LLC
  - Value: Amendment to provide that fees and expense reimbursements paid to Product Specialists are not subjec
  - Effective: 2023-06-03
  source text: On June 3, 2023, the Company, the Operating Partnership and the Advisor amended and restated the 2023 Advisory Agreement by entering into the Second Amended and Restated Advisory Agreement (2023) (the “Amended Advisory Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327978/000132797823000096/0001327978-23-000096-index.htm
- Material Agreements
  Ares Real Estate Income Trust Inc. amended Twelfth Amended and Restated Limited Partnership Agreement with AREIT Incentive Fee LP valued at Authorizes issuance of profits interests in multiple series via award letters and other immaterial c (effective 2023-06-03).
  - Action: amendment
  - Agreement: collaboration
  - Counterparty: AREIT Incentive Fee LP
  - Value: Authorizes issuance of profits interests in multiple series via award letters and other immaterial c
  - Effective: 2023-06-03
  source text: On June 3, 2023, we and AREIT Incentive Fee LP, an affiliate of our Advisor, replaced the then-current limited partnership agreement of the Operating Partnership by entering into a Twelfth Amended and Restated Limited Partnership Agreement (the “Amended OP Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327978/000132797823000096/0001327978-23-000096-index.htm

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