Ares Industrial REIT NAV per share $12.8643; Scott Recknor retiring June 6

ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.

Scott Recknor, Head of Asset Management, retires effective June 6, 2025; will assist transition until then.
NAV per Fund Interest $12.8643 as of March 31, up from $12.8484 in February; Aggregate Fund NAV $4.38B.
Portfolio 94.8% occupied (95.3% leased) across 255 buildings, 54.7M sq ft; weighted-average lease term 3.8 years.
Leverage ratio 45.6%, weighted-average interest rate 4.75%; Q1 gross proceeds $128.6M, redemptions $75.5M.
Monthly distribution maintained at $0.05 per share for March 2025.

item 5.02 item 8.01 item 9.01

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Departed

Scott Recknor

Head of Asset Management

ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.

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

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 INDUSTRIAL REAL ESTATE INCOME TRUST Inc..

Action: retired
Role: Head of Asset Management

Exact text from the filing

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

View on SEC.gov

Source: SEC EDGAR

accession 0001625941-25-000015

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