Ares Real Estate Income Trust Inc.
Data through 2026-07-01 · latest filing 8-K filed 2026-07-17
Sponsored by Ares. REIT structure focused on private real estate.
REITPrivate Real Estate
Data through 2026-07-01 · latest filing 8-K filed 2026-07-17
Sponsored by Ares. REIT structure focused on private real estate.
REITPrivate Real Estate
Quarterly report (Form 10-Q) · filed 2026-05-13 · period 2026-03-31
charter net assets = us-gaap:Assets 7,480,613,000 - us-gaap:Liabilities 5,821,581,000 = 1,659,032,000
Method Matched text template against the filing
Open the filing on SEC.gov · Full observation history
Current report (Form 8-K) · filed 2026-06-15 · period 2026-05-31
8-K NAV-per-Fund-Interest table (Ares family; transaction price equals NAV/share and all displayed class/total values agree within $0.03) — canonical class (Class I) headline; stored 8-K NAV table names Class I-R and contains the exact NAV
“equal to such share class’s NAV per share as of May 31, 2026 ... NAV Per Fund Interest $ 8.1908 $ 8.1908 $ 8.1908 $ 8.1908 $ 8.1908 $ 8.1908 $ 8.1908 $ 8.1908 $ 8.1908 $ 8.1908 $ 8.1908 ”
Method Matched text template against the filing
Open the filing on SEC.gov · Full observation history
Current findings ordered by severity. Each observation remains traceable to its filed source.
Most recent (2026-05-29): on October 17, 2025 as described below. The Securities purchased by Perigee SPV are subject to a three-year lock-up from the Purchase Date. On or after the expiration of the lock-up (such date, the “Liquidity Date”), Perigee SPV may request that the Company redeem Securities pursuant to the Company’s share redemption program (as amended from time to time, the “SRP”) (but only during the last month of any calendar quarter) provided that such requests will be subordinate to requests from all other common stockholders who have properly submitted a redemption request for such month in accordance with the SRP. In the event that the Securities are held by a non-affiliate of the Advisor, or if the Advisor is no longer the external advisor to the Company, then the redemption terms specified within this paragraph (other than the three-year lock-up) shall terminate and be of no further force or effect and instead, on or after the Liquidity Date, Perigee SPV may request to have additional Securities redeemed by the Company pursuant to the SRP pari passu with all other stockholders of the Company. Furthermore, on or after the Liquidity Date, Perigee SPV may require the Company to repurchase on a monthly basis, at a price per share equal to the most recently determined NAV per share as of the repurchase date, up to $2,500,000 of Securities per quarter, with such repurchase not subject to the terms of, nor eligible for redemption under, the SRP; provided that the timing of such requests, and the timing of the satisfaction of such requests, shall match the timing of the SRP. Any of such amounts not requested for redemption during a quarter will not roll forward to the next quarter. In addition, at any time after the Purchase Date if the shares of the Company’s common stock owned by Perigee SPV, together with any shares of the Company’s common stock owned by Apogee SPV and Perigee SPV’s other affiliates, were to represent 25% or more of the Company’s outstanding shares of common stock (such percentage referred to herein as the “ Interest”), then (a) Perigee SPV may require the Company to repurchase an amount of shares of common stock from Perigee SPV and/or its affiliates as may be necessary to cause the Interest to be equal to 24.99%, at a price per share equal to the most recently determined NAV per share as of the repurchase date and (b) the Company may require Perigee SPV to submit for repurchase an amount of shares of common stock from Perigee SPV and/or its affiliates as may be necessary to cause the Interest to be equal to 24.99%, at a price per share equal to the most recently determined NAV per share as of the repurchase date. Any redemptions described in clauses (a) and (b) of this paragraph will not be subject to the terms of, nor eligible for redemption under, the SRP. The Subscription Agreement also provides that upon delivery of a written notice to the Company, Perigee SPV may, from time to time, require the Company to exchange Class B Common Shares then held by Perigee SPV for Class I-PR Common Shares on a one-for-one basis and in an amount that, after giving effect to such exchange, Perigee SPV, together with certain affiliated and other parties as specified in the Subscription Agreement, would collectively beneficially own no more than 4.90% (or such other percentage as determined by Perigee SPV pursuant to the terms of the Subscription Agreement) of the number of shares of the Company’s voting common stock outstanding immediately after giving effect to such conversion (the “Maximum Percentage”). To the extent an exchange results in Perigee SPV, together with such affiliated and other parties specified in the Subscription Agreement, beneficially owning an amount in excess of the Maximum Percentage then in effect, such exchange shall be null and void and treated as if never made. Any Class I-PR Common Shares obtained as a result of the exchange of Class B Common Shares described in this paragraph will generally be subject to the same rights and restrictions described in the Subscription Agreement with respect to Class B Common Shares initially purchased pursuant to the Subscription Agreement. As described within the Subscription Agreement, Perigee SPV intends, as collateral securing an issuance of debt by Perigee SPV pursuant to an indenture, to grant a security interest in the Securities in favor of a collateral agent for the benefit of the holders of such debt (collectively, the “Perigee Lender”).
Financing terms set the fund's cost of leverage and its dry powder. Amendments also reveal what lenders currently think of the collateral: improving spreads and rising commitments signal lender confidence; shrinking availability or margin increases signal the opposite. This fund logged 22 of these in the covered window; the cadence itself is part of the signal.
22 occurrence(s) of this event type stored; earlier instances are on the Fired Flags tab.
Source: https://www.sec.gov/Archives/edgar/data/1327978/000162828026040694/are-20260529.htm | Item 1.01
On April 7, 2026, Brian P. Mathis, a member of the board of directors (the “Board”) of the Company, notified the Company of his decision to step down from his position on the Board, which resignation became effective on that day. Mr. Mathis’s decision to resign was not the result of any disagreement with management, the Company or its operations, policies or practices. In connection with Mr. Mathis’s departure from the Board, the Board appointed Bry
Key-person changes at externally managed funds are one of the few governance signals these structures emit. A single departure is usually routine; a pattern (or a departure near other stress signals) is not.
Occurrence event; see the filing text for terms vs the prior arrangement.
Source: https://www.sec.gov/Archives/edgar/data/1327978/000162828026024093/are-20260401.htm | Item 5.02
below and other immaterial changes. A copy of Amended OP Agreement is filed as exhibit 10.2 hereto. Item 3.02 Unregistered Sales of Equity Securities. The information set forth in Item 1.01 relating to the Subscription Agreement is incorporated by reference herein. Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On October 14, 2025, in connection with the Subscription Agreement, the Company filed Articles of Amendment (the “Articles of Amendment”) to its charter with the Maryland State Department of Assessments and Taxation (the “SDAT”) to increase the numbe
Governance documents changed. Usually technical; occasionally it moves a shareholder protection, so the specific provision is worth a read.
Occurrence event; see the filing text for terms vs the prior arrangement.
Source: https://www.sec.gov/Archives/edgar/data/1327978/000132797825000071/are-20250930x8k.htm | Item 5.03
The fund leaned harder on leverage: 67% -> 73% of its allowed leverage in use in one period (period ended 2025-09-30). (Rule C22: Leverage creep: headroom down >= 5 percentage points in one period; Notify.)
The fund leaned meaningfully harder on its leverage in a single period. Even far from the ceiling, the direction and speed of travel matter; creep compounds quietly.
33.04 -> 26.85 (down 18.7% vs prior period); trailing 4-period average 33.92; same period prior year 42.92; breach persisted 2 consecutive periods (escalated per the two-stage ladder); comparison interval: ~3 months (2025-06-30 -> 2025-09-30; this fund's series is observed at that frequency, so 'month over month' rules compare consecutive observations)
Source: derived: (ceiling 300.0% of net assets - leverage 219.5%, denominator = charter net assets (total assets - total liabilities) 1,178,309,000) / ceiling * 100
As previously reported in the Current Report on Form 8-K filed by Ares Real Estate Income Trust Inc. (2025-04-07)
On April 3, 2025, Rajat Dhanda and Daniel J. (2025-04-03)
Net flows deteriorated to $-40.9M from $-44.0M (period ended 2024-09-30).
Subject to certain dealers’ right to retain selling commissions and dealer manager fees directly from investors, as described in such dealers’ selected dealer agreements, the... (2024-08-02)
Net flows deteriorated to $-44.0M from $-21.9M (period ended 2024-06-30).
As previously reported in our Current Report on Form 8-K filed with the Securities and Exchange Commission on June 5, 2024, on May 30, 2024, Ms. (2024-06-05)
NAV per share ($7.61) is 1.3% below its trailing four-observation average ($7.71) as of 2024-05-31.
On May 30, 2024, Ms. (2024-05-30)
NAV per share ($7.68) is 1.6% below its trailing four-observation average ($7.80) as of 2024-04-30.
NAV per share ($7.70) is 2.4% below its trailing four-observation average ($7.89) as of 2024-03-31.
On December 6, 2023, the board of directors of Ares Real Estate Income Trust Inc. (2023-12-06)
Net flows deteriorated to $-32.6M from $-21.7M (period ended 2023-09-30).
NAV per share ($8.25) is 1.3% below its trailing four-observation average ($8.36) as of 2023-08-31.
On March 2, 2023, the Board of Directors of Ares Real Estate Income Trust Inc. (2023-03-02)
On January 10, 2023, the board of directors (the “Board”) of Ares Real Estate Income Trust Inc. (2023-01-10)
On April 5, 2022, Joshua J. (2022-04-05)
Articles of Amendment Effective November 30, 2021, we amended our charter by filing Articles of Amendment to change our name from “Black Creek Diversified Property Fund Inc.” to... (2021-12-03)
On September 8, 2021, the board of directors (the “Board”) of Black Creek Diversified Property Fund Inc. (2021-09-08)
Effective March 31, 2019, the board of directors of Black Creek Diversified Property Fund Inc. (2020-04-01)
We are sad to report the unfortunate passing of a leader on our board of directors, Richard Kincaid. (2020-03-25)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (2019-12-10)
Proposal 3 put to shareholder vote: Amendments To The Company’S Charter W. (2019-04-12)
On January 1, 2019, Black Creek Diversified Property Fund Inc. (2019-01-01)
On October 11, 2018, the board of directors of Black Creek Diversified Property Fund Inc. (2018-10-11)
On May 3, 2018, Gary M. (2018-05-03)
On March 20, 2018, the board of directors of Black Creek Diversified Property Fund Inc. (2018-03-20)
On October 13, 2017, our board of directors appointed Gary M. (2017-10-13)
The fund leaned harder on leverage: 73% -> 79% of its allowed leverage in use in one period (period ended 2017-09-30).
Articles of Amendment (Share Classes) On September 1, 2017, the Articles of Amendment attached as Exhibit A to the Proxy Statement and submitted for consideration as Proposal No. (2017-09-01)
On September 1, 2017, our board of directors appointed Scott W. (2017-09-01)
The fund leaned harder on leverage: 65% -> 73% of its allowed leverage in use in one period (period ended 2017-06-30).
Proposal 3 put to shareholder vote: Amendment Of Our Charter To Restructure Our Share Classes B. (2017-06-07)
On April 11, the board of directors of Dividend Capital Diversified Property Fund Inc. (2017-04-13)
The fund leaned harder on leverage: 50% -> 56% of its allowed leverage in use in one period (period ended 2016-09-30).
On June 23, 2016, the Company, the Operating Partnership and the Advisor entered into the Tenth Amended and Restated Advisory Agreement effective as of June 30, 2016 for a... (2016-06-23)
DCX will pay certain up-front fees and reimburse certain related expenses to the Dealer Manager with respect to capital raised through any such Private Placements. (2016-03-02)
On June 23, 2015, at the 2015 annual meeting of stockholders, the Company’s stockholders voted to approve the Second Amended and Restated Equity Incentive Plan (the “Amended... (2015-06-23)
Proposal 3 put to shareholder vote: Approval Of The Second Amended And Restated Equity Incentive Plan O. (2015-04-10)
On December 4, 2014, the Company’s board of directors authorized a quarterly distribution of $0.09 per share of common stock, subject to adjustment for class-specific expenses,... (2014-12-04)
Austin W. (2014-05-01)
Proposal 3 put to shareholder vote: Amendment Of The Company’S Charter To Eliminate The Company’S Ability To Redeem Securities Held By Stockholders Who Make A Non-Compliant Tend. (2014-04-11)
On March 20, 2014, the board of directors of Dividend Capital Diversified Property Fund Inc. (2014-03-20)
On December 5, 2013, the board of directors of Dividend Capital Diversified Property Fund Inc. (2013-12-05)
on September 30, 2013 pursuant to the terms of the Class E SRP. (2013-09-30)
On June 27, 2013, the board of directors of the Company appointed J. (2013-06-27)
Proposal 3 put to shareholder vote: Amendment Of The Company’S Charter To Clarify Information Regarding The Interests Of The Company’S Advisor In The Company And The Company’S O. (2013-04-29)
FFO covered only 98% of distributions in the period ended 2012-03-31; the gap was funded from capital or gains.
FFO was negative in the period ended 2011-12-31; distributions were funded entirely from capital, asset sales, or borrowings, not operations.
FFO covered only 94% of distributions in the period ended 2011-09-30; the gap was funded from capital or gains.
Net asset value, total return, capital flows, and distribution coverage across the filing record.
Pending. no cached SEC filing yielded a return with an exact window, basis label, and the audited class scope
Canonical class: Class I · basis: no qualifying monthly chain · qualifying history: 0 months.
Filed portfolio-health facts and position changes. Missing disclosures stay visibly missing.
Pending
Stated cap: 2% of net assets/month; 5% of net assets/quarter. The disclosed history shows no rationed period.
| Period | Requested | Filled | Cap used | Status |
|---|---|---|---|---|
| 2026-03-31 | Pending | 100% | Pending | filled |
| 2026-02-28 | Pending | 100% | Pending | filled |
| 2026-01-31 quarter | Pending | 100% | Pending | filled |
| 2025-09-30 | Pending | 100% | Pending | filled |
| 2025-08-31 | Pending | 100% | Pending | filled |
| 2025-07-31 | Pending | 100% | Pending | filled |
| 2025-06-30 | Pending | 100% | Pending | filled |
| 2025-05-31 | Pending | 100% | Pending | filled |
| 2025-04-30 | Pending | 100% | Pending | filled |
| 2025-03-31 | Pending | 100% | Pending | filled |
| 2025-02-28 | Pending | 100% | Pending | filled |
| 2025-01-31 quarter | Pending | 100% | Pending | filled |
| 2024-09-30 | Pending | 100% | Pending | filled |
| 2024-08-31 | Pending | 100% | Pending | filled |
| 2024-07-31 | Pending | 100% | Pending | filled |
| 2024-06-30 | Pending | 100% | Pending | filled |
| 2024-05-31 | Pending | 100% | Pending | filled |
| 2024-04-30 | Pending | 100% | Pending | filled |
| 2024-03-31 | Pending | 100% | Pending | filled |
| 2024-02-29 | Pending | 100% | Pending | filled |
| 2024-01-31 quarter | Pending | 100% | Pending | filled |
| 2023-09-30 | Pending | 100% | Pending | filled |
| 2023-08-31 | Pending | 100% | Pending | filled |
| 2023-07-31 | Pending | 100% | Pending | filled |
| 2023-06-30 | Pending | 100% | Pending | filled |
| 2023-05-31 | Pending | 100% | Pending | filled |
| 2023-04-30 | Pending | 100% | Pending | filled |
| 2023-03-31 | Pending | 100% | Pending | filled |
| 2023-02-28 | Pending | 100% | Pending | filled |
| 2023-01-31 quarter | Pending | 100% | Pending | filled |
| 2022-09-30 | Pending | 100% | Pending | filled |
| 2022-08-31 | Pending | 100% | Pending | filled |
| 2022-07-31 | Pending | 100% | Pending | filled |
| 2022-06-30 | Pending | 100% | Pending | filled |
| 2022-05-31 | Pending | 100% | Pending | filled |
| 2022-04-30 | Pending | 100% | Pending | filled |
| 2022-03-31 | Pending | 100% | Pending | filled |
| 2022-02-28 | Pending | 100% | Pending | filled |
| 2022-01-31 | Pending | 100% | Pending | filled |
Borrowings, unused capacity, and synthetic exposure are separated so unlike risks do not collapse into one ratio.
Unconsolidated joint ventures: $474,000,000 as of 2026-03-31. This is carrying value, not debt added to the fund.
A filed share-class breakdown and terms-based role descriptions. This is not an estimate of who owns the fund.
Not attributed 100.0%
| Class | Terms-based role description | Load | Servicing | Minimum | Assets |
|---|---|---|---|---|---|
| Class I | Pending | Pending | Pending | Pending | Pending |
Management fee: 1.10% of nav per year, current as of latest filed disclosure. Research only: not used in a fee distribution. SEC source 0001628280-26-025094.
| Class | Management | Incentive | Load | Servicing | Gross expenses | Net expenses |
|---|---|---|---|---|---|---|
| Class I | 1.10% | 12.5% of total return, 5% hurdle + high-water mark
*
performance participation allocation: 12.50% of annual total return amount after loss carryforward; 5.0% annual hurdle plus loss carryforward; catch-up is capped at 12.5%. SEC source 0001628280-26-015437 |
Pending | Pending | Pending | Pending |
| Fee component | Rate | Basis / class | Condition |
|---|---|---|---|
| Performance · performance participation allocation | 12.50% | annual total return amount after loss carryforward | 5.0% annual hurdle plus loss carryforward; catch-up is capped at 12.5%.* |
Filed terms and recent documents remain available without crowding the primary research flow.
| Term | Description | Value | Effective |
|---|---|---|---|
| advisory_fee_schedule | Pending | 1.1 pct_annual_of_nav | Pending |
| leverage_ceiling | Pending | 300.0 pct_of_net_assets | Pending |
| repurchase_program_terms | Share Redemption Program (Ares uses 'redemption', not 'repurchase' -- distinct vocabulary from the FS/Blackstone-family REITs): aggregate redemptions limited to 2% of aggregate NAV of all shares per calendar month (measured as of the last calendar day of the previous quarter) and 5% of aggregate NAV per calendar quarter. | 2.0 pct_of_aggregate_nav_per_month | Pending |
| Filed | Form | Accession |
|---|---|---|
| 2026-07-17 | 8-K | 0001628280-26-048631 |
| 2026-07-08 | 8-K | 0001628280-26-047625 |
| 2026-06-24 | DEFA14A | 0001628280-26-045278 |
| 2026-06-24 | 8-K | 0001628280-26-045271 |
| 2026-06-15 | 8-K | 0001628280-26-043191 |
| 2026-06-04 | 8-K | 0001628280-26-040694 |
| 2026-05-29 | DEFA14A | 0001628280-26-039072 |
| 2026-05-22 | 8-K | 0001628280-26-037604 |
| 2026-05-15 | 8-K | 0001628280-26-035470 |
| 2026-05-13 | 10-Q | 0001628280-26-034544 |
| 2026-05-06 | 8-K | 0001628280-26-031388 |
| 2026-04-16 | 8-K | 0001628280-26-025449 |
| 2026-04-14 | DEF 14A | 0001628280-26-025094 |
| 2026-04-14 | DEFA14A | 0001628280-26-025096 |
| 2026-04-14 | DEFA14A | 0001628280-26-025095 |