---
schema_version: "secwatch.filing_event.v1"
accession: "0001625941-24-000094"
form_type: "8-K"
ticker: null
cik: "0001625941"
company_name: "ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc."
filed_at: "2024-11-15T23:59:59+00:00"
generated_at: "2026-05-29T23:48:06.149347+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001625941-24-000094
- form_type: 8-K
- cik: 0001625941
- company_name: ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.
- filed_at: 2024-11-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1625941/000162594124000094/0001625941-24-000094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1625941/000162594124000094/aire-20241031x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001625941-24-000094
- JSON: https://secwatch.observer/filing/0001625941-24-000094.json
- Plain text: https://secwatch.observer/filing/0001625941-24-000094.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1625941/000162594124000094/0001625941-24-000094-index.htm

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