Co-Chairman Merriman to retire Feb 2025; Oct NAV per share $12.66, up from $12.62

ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.

Dwight L. Merriman III to retire as Co-Chairman and director effective Feb 1, 2025; not due to disagreement.
NAV per Fund Interest Oct 31: $12.6558, up 0.26% from Sep 30 $12.6234.
Aggregate Fund NAV $4.042B; portfolio 92.7% occupied, 94.9% leased, 54.3M sq ft in 30 markets.
Oct redemptions $20.3M redeemed in full; QTD gross proceeds $19.8M, including DRIP and DST sales.
Monthly distribution $0.05 per share authorized for Oct 2024, paid to record holders Oct 31.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Dwight L. Merriman III

Co-Chairman and Director

ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.

Effective: 2025-02-01
Filed: November 15, 2024, 6:59 PM ET

On November 13, 2024, Dwight L. Merriman III, Co-Chairman and a member of the board of directors (the “Board”) of Ares Industrial Real Estate Income Trust Inc. (referred to herein as the “Company,” “we,” “our,” or “us”), notified the Company of his decision to retire from Ares Management Corporation and his position on the Board, effective as of February 1, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Dwight L. Merriman III retired as Co-Chairman and Director at ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc..

Action: retired
Role: Co-Chairman and Director

Exact text from the filing

On November 13, 2024, Dwight L. Merriman III, Co-Chairman and a member of the board of directors (the “Board”) of Ares Industrial Real Estate Income Trust Inc. (referred to herein as the “Company,” “we,” “our,” or “us”), notified the Company of his decision to retire from Ares Management Corporation and his position on the Board, effective as of February 1, 2025.

View on SEC.gov

Source: SEC EDGAR

accession 0001625941-24-000094

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.