Ares Real Estate Income Trust March NAV $7.6647 (+0.45% MoM); portfolio 94.2% leased; Head of Asset Management retiring

Ares Real Estate Income Trust Inc.

NAV per share rose to $7.6647 at March 31, 2025, up 0.45% from $7.6303 in February.
Portfolio 94.2% leased across 124 properties; commercial rent growth 33.1% cash / 50.3% GAAP on trailing 12 months.
Acquired $30.4M (1 industrial, 2 self-storage), sold $27.6M industrial; Q1 gross proceeds $315.8M.
Leverage ratio 36.3%, weighted-average borrowing rate 4.85%; monthly distribution $0.03333/share for March.
Head of Asset Management Scott Recknor to retire effective June 6, 2025, will assist transition.

item 5.02 item 8.01 item 9.01

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Departed

Scott Recknor

Head of Asset Management

ZARE · Ares Real Estate Income Trust Inc.

Effective: 2025-06-06
Filed: April 15, 2025, 7:59 PM ET

on April 1, 2025, Scott Recknor, the Company’s Head of Asset Management, notified the Company of his decision to retire.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Scott Recknor retired as Head of Asset Management at Ares Real Estate Income Trust Inc..

Action: retired
Role: Head of Asset Management

Exact text from the filing

on April 1, 2025, Scott Recknor, the Company’s Head of Asset Management, notified the Company of his decision to retire.

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Ares Real Estate Income Trust Inc. filing history →

Source: SEC EDGAR

accession 0001327978-25-000018

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