other material
confidence high
sentiment neutral
materiality 0.40
Ares Real Estate NAV per share up 0.17% to $7.5083; board approves mortgage origination program up to $200M
Ares Real Estate Income Trust Inc.
- NAV per Fund Interest $7.5083 as of Oct 31, up from $7.4957 on Sep 30.
- Aggregate Fund NAV $2.359B; total Fund Interests outstanding 314.2M.
- Portfolio: 108 properties, 21.2M sq ft, 93.8% leased; leverage ratio 35.9%.
- October gross proceeds $51.5M; redemptions $15.2M paid in full.
- Board approved Origination Program on Nov 15 to originate/sell mortgage loans up to $200M.