{"schema_version":"secwatch.filing_event.v1","accession":"0001327978-25-000016","form_type":"8-K","ticker":"ZARE","cik":"0001327978","company_name":"Ares Real Estate Income Trust Inc.","filed_at":"2025-04-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.952708+00:00","generated_at":"2026-05-23T19:30:40.734957+00:00","sec_items":["3.02","5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Ares Real Estate Income Trust sells $10.6M shares, replaces two directors, approves equity plan","bullets":["Issued 1,394,850 Class I-PR shares for $10.6M in exempt offering on April 1, 2025.","Directors Rajat Dhanda and Daniel Sullivan resigned April 3, 2025; Andrew Holm and Paula Schaefer appointed.","Scott Recknor, Head of Asset Management, notified retirement; effective date not yet determined.","Board adopted Equity Incentive Plan authorizing up to 5.0M shares for awards to directors, officers, and consultants.","Paula Schaefer appointed as independent director and to audit and nominating committees."],"urls":{"canonical":"https://secwatch.observer/filing/0001327978-25-000016","json":"https://secwatch.observer/filing/0001327978-25-000016.json","markdown":"https://secwatch.observer/filing/0001327978-25-000016.md","text":"https://secwatch.observer/filing/0001327978-25-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1327978/000132797825000016/0001327978-25-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1327978/000132797825000016/are-20250401x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T19:30:40.734957+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a398e471dd","claim":"Andrew E. Holm was appointed as Director at Ares Real Estate Income Trust Inc..","evidence_excerpt":"the Board appointed Andrew E. Holm and Paula Schaefer to serve as directors, with Ms. Schaefer serving as an independent director, effective as of April 3, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1327978/000132797825000016/0001327978-25-000016-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"c905713411","claim":"Paula Schaefer was appointed as Director at Ares Real Estate Income Trust Inc..","evidence_excerpt":"the Board appointed Andrew E. Holm and Paula Schaefer to serve as directors, with Ms. Schaefer serving as an independent director, effective as of April 3, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1327978/000132797825000016/0001327978-25-000016-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"d16761c213","claim":"Daniel J. Sullivan resigned as Director at Ares Real Estate Income Trust Inc..","evidence_excerpt":"On April 3, 2025, Rajat Dhanda and Daniel J. Sullivan, each a member of the board of directors (the “Board”) of the Company, notified the Company of their decisions to step down from their positions on the Board, which resignations became effective on that day.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1327978/000132797825000016/0001327978-25-000016-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"f4c93f5713","claim":"Rajat Dhanda resigned as Director at Ares Real Estate Income Trust Inc..","evidence_excerpt":"On April 3, 2025, Rajat Dhanda and Daniel J. Sullivan, each a member of the board of directors (the “Board”) of the Company, notified the Company of their decisions to step down from their positions on the Board, which resignations became effective on that day.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1327978/000132797825000016/0001327978-25-000016-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}