secwatch.observer — SEC 8-K summary
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Issuer:     ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc. (—)
CIK:        0001625941
Form:       8-K
Filed at:   2025-04-15T23:59:59+00:00
Accession:  0001625941-25-000015
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1625941/000162594125000015/0001625941-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1625941/000162594125000015/aire-20250331x8k.htm
  HTML page:      https://secwatch.observer/filing/0001625941-25-000015

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