---
schema_version: "secwatch.filing_event.v1"
accession: "0001327978-25-000018"
form_type: "8-K"
ticker: "ZARE"
cik: "0001327978"
company_name: "Ares Real Estate Income Trust Inc."
filed_at: "2025-04-15T23:59:59+00:00"
generated_at: "2026-05-23T14:19:24.636471+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001327978-25-000018
- form_type: 8-K
- ticker: ZARE
- cik: 0001327978
- company_name: Ares Real Estate Income Trust Inc.
- filed_at: 2025-04-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327978/000132797825000018/0001327978-25-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327978/000132797825000018/are-20250331x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001327978-25-000018
- JSON: https://secwatch.observer/filing/0001327978-25-000018.json
- Plain text: https://secwatch.observer/filing/0001327978-25-000018.txt

## Key facts
- Executive change
  Scott Recknor retired as Head of Asset Management at Ares Real Estate Income Trust Inc..
  - Action: retired
  - Role: Head of Asset Management
  source text: on April 1, 2025, Scott Recknor, the Company’s Head of Asset Management, notified the Company of his decision to retire.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327978/000132797825000018/0001327978-25-000018-index.htm

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