Overview
- IndustryReal Estate Investment Trusts1
- HeadquartersDenver, Colorado1
- Incorporated inMD3
- Business address1200 17Th Street, Suite 2900, Denver, Co 802023
- Filer categoryNon-accelerated filer3
- Legal formCorporation
- Kind of organizationReal estate investment trust1
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Ares Industrial Real Estate Income Trust Inc. is a Maryland corporation formed on August 12, 2014. As used herein, the terms “Ares Industrial Real Estate Income Trust,” “AIREIT,” the “Company,” “we,” “our,” or “us” refer to Ares Industrial Real Estate Income Trust Inc. and its consolidated subsidiaries, except where otherwise indicated.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
77.0%Operating margin2
-21.1%Net margin2
12.6%Revenue growth, 20252
-8.1%Return on equity2
3.06×Debt to equity2
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$592.3M
Out of $592.3M in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Dividends paid30¢$110.8M
- Share buybacks70¢$258.1M
Out of $98.8M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.2
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.5M6 | $40.4M7 | $79.4M8 | $177.1M9 | $392.0M10 | $470.1M2 | $525.9M2 | $592.3M2 |
| Operating expenses | $277.3M9 | $586.9M10 | $505.3M2 | $501.5M2 | $527.7M2 | |||
| Operating income | $297.7M10 | $358.5M2 | $402.6M2 | $456.4M2 | ||||
| Interest | $2.2M6 | $9.1M7 | $13.0M8 | $30.5M9 | $150.8M9 | $190.4M9 | ||
| Net income | -$4.2M6 | -$22.4M7 | -$30.1M8 | -$75.3M9 | -$308.1M10 | -$204.7M2 | -$111.1M2 | -$124.8M2 |
| Earnings per share | -$0.607 | -$0.278 | -$0.379 | -$1.0410 | -$0.672 | -$0.402 | -$0.462 | |
| Earnings per share (diluted) | -$0.607 | -$0.278 | -$0.379 | -$1.0410 | -$0.672 | -$0.402 | -$0.462 | |
| Shares (weighted, basic) | 201.2M shares9 | 295.7M shares10 | 303.7M shares2 | 276.2M shares2 | 273.7M shares2 | |||
| Shares (weighted, diluted) | 202.5M shares9 | 300.2M shares10 | 312.1M shares2 | 318.9M shares2 | 357.5M shares2 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash | $19.0M7 | $51.2M8 | $232.4M9 | $216.8M10 | $79.5M2 | $14.3M2 | $25.1M2 | $63.0M2 |
| Total assets | $323.5M14 | $938.8M6 | $1.9B7 | $5.2B8 | $7.2B9 | $7.3B10 | $7.6B2 | $7.8B2 |
| Long-term debt | $117.8M14 | $460.2M6 | $579.2M7 | $2.2B8 | $2.8B9 | $3.4B10 | $4.2B2 | $4.7B2 |
| Total liabilities | $151.7M14 | $531.6M6 | $701.0M7 | $3.0B8 | $4.6B9 | $5.4B10 | $5.5B2 | $5.6B2 |
| Retained earnings | -$297.6M8 | -$739.5M9 | -$1.1B10 | -$1.4B2 | -$1.6B2 | |||
| Shareholders’ equity | $171.8M14 | $406.5M6 | $1.2B7 | $2.2B8 | $2.6B9 | $1.8B10 | $1.6B2 | $1.5B2 |
| Shares outstanding |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $3.2M6 | $6.5M7 | $15.6M8 | $62.6M9 | $101.6M10 | $2.0M2 | $66.1M2 | $98.8M2 |
| Depreciation and amortization | $112.2M9 | $266.0M10 | $294.1M2 | $291.9M2 | $305.0M2 | |||
| Cash from investing | -$3.2B9 | -$2.1B10 | -$452.5M2 | -$568.8M2 | -$559.7M2 | |||
| Dividends paid | $1.4M6 | $6.3M7 | $19.1M8 | $37.3M9 | $57.9M10 | $68.2M2 | $85.4M2 | $110.8M2 |
| Share buybacks | $603.0K6 | $2.3M7 | $4.9M8 | $25.1M9 | $213.4M10 | $652.8M2 | $421.1M2 | $258.1M2 |
| Cash from financing | $3.2B9 | $1.8B10 | $385.4M2 | $516.5M2 | $508.4M2 | |||
| Dividend per share | $0.556 | $0.557 | $0.558 | $0.559 | $0.5510 | $0.572 | $0.602 | $0.6113 |
Compare ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc. with another company
Corporate structure
ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc. sits at the top of its group. 334 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
- ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc. Denver, Colorado
- AIREIT 1 North Avenue DC LLC Subsidiary · Delaware, United States
- AIREIT 101 Corporate IC LLC Subsidiary · Delaware, United States
- AIREIT 1201 Logistics Way LLC Subsidiary · Delaware, United States
- AIREIT 2024 P1 LLC Subsidiary · Delaware, United States
- AIREIT 2024 P2 LLC Subsidiary · Delaware, United States
- AIREIT 2025 P1 LLC Subsidiary · Delaware, United States
- AIREIT 2025 P2 LLC Subsidiary · Delaware, United States
- AIREIT 350 Logistics Center LLC Subsidiary · Delaware, United States
- AIREIT 4 Studebaker CC GP LLC Subsidiary · Delaware, United States
- AIREIT 4 Studebaker CC LP Subsidiary · Delaware, United States
- AIREIT Acquisitions LLC Subsidiary · Delaware, United States
- AIREIT Addison DC II LLC Subsidiary · Delaware, United States
- AIREIT Aurora DC II LLC Subsidiary · Delaware, United States
- AIREIT Baymeadow CC LLC Subsidiary · Delaware, United States
- AIREIT Beltway Logistics Center LLC Subsidiary · Delaware, United States
- AIREIT Benchmark DC LLC Subsidiary · Delaware, United States
- AIREIT Big Eddy CC LLC Subsidiary · Delaware, United States
- AIREIT Bluff Road LC LLC Subsidiary · Delaware, United States
- AIREIT Bolingbrook LC I LLC Subsidiary · Delaware, United States
- AIREIT Bolingbrook LC II LLC Subsidiary · Delaware, United States
- AIREIT Brittmoore IC GP LLC Subsidiary · Delaware, United States
- AIREIT Brittmoore IC LP Subsidiary · Delaware, United States
- AIREIT Buckeye IC II LLC Subsidiary · Delaware, United States
- AIREIT Cameron BC LLC Subsidiary · Delaware, United States
- AIREIT Cedardale LC LLC Subsidiary · Delaware, United States
- and 308 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $6.9B2 Dec 31, 2025 | $6.7B2 Dec 31, 2024 | +1.7% |
| Real estate investments, at cost | $8.2B2 Dec 31, 2025 | $7.8B2 Dec 31, 2024 | +5.4% |
| Real estate properties | 2692 Dec 31, 2025 | 2552 Dec 31, 2024 | +5.5% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $63.0M2 Dec 31, 2025 | $25.1M2 Dec 31, 2024 | +150.7% |
| Debt securities available for sale | $102.6M2 Dec 31, 2025 | $139.4M2 Dec 31, 2024 | −26.4% |
| Debt securities held to maturity | $591.3M2 Dec 31, 2025 | $388.7M2 Dec 31, 2024 | +52.1% |
| Stakes in other companies (equity method) | $19.6M2 Dec 31, 2025 | $23.5M2 Dec 31, 2024 | −16.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, gross | $591.4M2 Dec 31, 2025 | $535.2M2 Dec 31, 2024 | +10.5% |
Properties, in its own words
As of December 31, 2025, we directly owned and managed a real estate portfolio that included 269 industrial buildings totaling approximately 57.4 million square feet located in 31 markets throughout the U.S., with 440 customers, and was 90.7% occupied (91.3% leased) with a weighted-average remaining lease term (based on square feet) of approximately 3.8 years. The occupied rate reflects the square footage with a paying customer in place. The leased rate includes the occupied square footage and additional square footage with leases in place that have not yet commenced. Industrial market fundamentals remain favorable and we continue to evaluate acquisition opportunities within the industrial market to effectively execute our business strategy. As of December 31, 2025, our real estate portfolio included:
•268 industrial buildings totaling approximately 57.3 million square feet comprised our operating portfolio, which includes stabilized properties, and was 90.8% occupied (91.4% leased) with a weighted-average remaining lease term (based on square feet) of approximately 3.8 years; and
The rest of Item 2
•One industrial building totaling approximately 0.1 million square feet comprised our value-add portfolio, which includes buildings acquired with the intention to reposition or redevelop, or buildings recently completed which have not yet reached stabilization. We generally consider a building to be stabilized on the earlier to occur of the first anniversary of a building’s shell completion or a building achieving 90% occupancy.
Additionally, as of December 31, 2025, we owned and managed one industrial building under construction totaling approximately 0.1 million square feet. Unless otherwise noted, this building is excluded from the presentation of our portfolio data herein.
As of December 31, 2025, we owned and managed one industrial building totaling approximately 0.7 million square feet and three buildings that were in the pre-construction phase totaling approximately 1.0 million square feet through our 8.0% minority ownership interest in the BTC II B Partnership. Unless otherwise noted, these buildings are excluded from the presentation of our portfolio data herein.
We have used, and intend to continue to use, the net proceeds from our offerings primarily to make investments in real estate assets. We may use the net proceeds from our offerings to make other real estate-related investments and debt investments and to pay distributions. The number and type of properties we may acquire and debt and other investments we may make will depend upon real estate market conditions, the amount of proceeds we raise in our offerings, and other circumstances existing at the time we make our investments.
Unless otherwise indicated, the term “property” as used herein refers to one or more buildings in the same market that were acquired by us in the same transaction.
Building Types. Our industrial buildings consist primarily of warehouse distribution facilities suitable for single or multiple customers. The following table summarizes our portfolio by building type as of December 31, 2025:
Building Type · Description · Percent of Rentable Square Feet
Bulk distribution · Building size of 150,000 to over 1 million square feet, single or multi-customer · 78.3
Light industrial · Building size of less than 150,000 square feet, single or multi-customer · 21.6
Flex industrial · Includes assembly or research and development, primarily multi-customer · 0.1
100.0
Portfolio Overview and Market Diversification. As of December 31, 2025, the average effective annual rent of our total real estate portfolio (calculated by dividing total annualized base rent, which includes the impact of any contractual tenant concessions (cash basis), by total occupied square footage) was approximately $7.93 per square foot. The following table summarizes certain operating metrics of our portfolio by market as of December 31, 2025:
Number of · Rentable · Occupied · Leased
($ and square feet in thousands) · Buildings · Square Feet · Rate (1) · Rate (1) · Annualized Base Rent (2)
Operating Properties:
Atlanta · 19 · 3,949 · 88.8 · 90.1 · 26,075 · 6.3
Austin · 6 · 562 · 76.3 · 76.3 · 4,408 · 1.1
Bay Area · 3 · 845 · 100.0 · 100.0 · 10,706 · 2.6
Boston · 4 · 606 · 100.0 · 100.0 · 5,836 · 1.4
Central Florida · 11 · 2,195 · 89.6 · 89.6 · 15,465 · 3.7
Central Valley · 9 · 2,280 · 86.6 · 86.6 · 14,351 · 3.5
Charlotte · 1 · 210 · 100.0 · 100.0 · 1,149 · 0.3
Chicago · 26 · 5,373 · 96.1 · 96.1 · 30,310 · 7.4
Cincinnati · 2 · 705 · 100.0 · 100.0 · 3,890 · 0.9
Columbus · 4 · 996 · 100.0 · 100.0 · 6,078 · 1.5
Dallas · 18 · 5,973 · 100.0 · 100.0 · 36,048 · 8.7
D.C. / Baltimore · 11 · 1,196 · 95.4 · 96.8 · 12,030 · 2.9
Denver · 2 · 252 · 100.0 · 100.0 · 1,579 · 0.4
Houston · 13 · 2,707 · 100.0 · 100.0 · 17,395 · 4.2
Indianapolis · 5 · 2,591 · 85.3 · 85.3 · 10,611 · 2.6
Las Vegas · 7 · 1,118 · 60.8 · 60.8 · 9,288 · 2.2
Louisville · 5 · 1,579 · 100.0 · 100.0 · 7,270 · 1.8
Memphis · 10 · 3,598 · 93.6 · 93.6 · 15,877 · 3.8
Nashville · 3 · 1,254 · 36.5 · 36.5 · 2,868 · 0.7
New Jersey · 17 · 3,526 · 90.8 · 98.1 · 34,031 · 8.2
Pennsylvania · 16 · 2,937 · 68.8 · 69.5 · 17,171 · 4.2
Phoenix · 6 · 654 · 100.0 · 100.0 · 5,908 · 1.4
Portland · 3 · 716 · 71.6 · 71.6 · 4,803 · 1.2
Reno · 6 · 1,422 · 100.0 · 100.0 · 9,804 · 2.4
Salt Lake City · 5 · 1,003 · 95.2 · 95.2 · 7,926 · 1.9
San Antonio · 1 · 96 · 100.0 · 100.0 · 810 · 0.2
San Diego · 7 · 694 · 83.7 · 83.7 · 7,736 · 1.9
Savannah · 2 · 519 · 100.0 · 100.0 · 3,092 · 0.7
Seattle · 14 · 2,395 · 95.0 · 95.8 · 23,643 · 5.7
South Florida · 13 · 2,317 · 93.6 · 93.6 · 24,894 · 6.0
Southern California · 19 · 3,006 · 93.6 · 93.6 · 41,544 · 10.1
Total operating · 268 · 57,274 · 90.8 · 91.4 · 412,596 · 99.9
Value-Add Properties:
Houston · 1 · 129 · 62.8 · 62.8 · 517 · 0.1
Total value-add properties · 1 · 129 · 62.8 · 62.8 · 517 · 0.1
Item 2 of the 10-K filed Mar 6, 2026.5
Leadership
Who has led ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc., and when. Pick a name to see everywhere that person has worked.
Chair
Chief financial officer
20202025
- ChairEvan Zucker Mar 5, 2019 to Jan 31, 202215
- PresidentRajat Dhanda Feb 2, 2023 to Feb 2, 202316
- PresidentDavid M. Fazekas Feb 17, 2023 to Dec 30, 202417
- Chief financial officerTaylor M. Paul Nov 19, 2025 to now18
- Chief financial officerScott Seager Aug 14, 2020 to Mar 28, 202319
Board members and other officers (14)
- OfficerJoshua J. Widoff Mar 5, 2019 to Feb 2, 202320
- OfficerRajat Dhanda Mar 5, 2019 to May 3, 202121
- OfficerScott W. Recknor Mar 5, 2019 to now22
- OfficerThomas G. McGonagle Mar 5, 2019 to Mar 5, 201923
- Board memberScott W. Lang Apr 9, 2026 to now24
- Board memberMartin A. Edmondson Apr 11, 2025 to now25
- Board memberDavid M. Fazekas Dec 30, 2024 to Dec 30, 202426
- Board memberRajat Dhanda Feb 2, 2023 to Feb 2, 202316
- Board memberWilliam Stephen Benjamin Feb 17, 2023 to Apr 3, 202327
- Board memberDawanna Williams Aug 18, 2023 to now28
- Board memberCharles B. Duke Mar 5, 2019 to now29
- Board memberJohn S. Hagestad Mar 5, 2019 to now30
- Board memberMarshall M. Burton Mar 5, 2019 to now31
- Board memberStanley A. Moore Mar 5, 2019 to now32
Named in SEC Form D filings
People the company listed in its private-offering notices.
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- AIREIT 1 North Avenue DC LLC Delaware4
- AIREIT 101 Corporate IC LLC Delaware4
- AIREIT 1201 Logistics Way LLC Delaware4
- AIREIT 2024 P1 LLC Delaware4
- AIREIT 2024 P2 LLC Delaware4
- AIREIT 2025 P1 LLC Delaware4
- AIREIT 2025 P2 LLC Delaware4
- AIREIT 350 Logistics Center LLC Delaware4
- AIREIT 4 Studebaker CC GP LLC Delaware4
- AIREIT 4 Studebaker CC LP Delaware4
- AIREIT Acquisitions LLC Delaware4
- AIREIT Addison DC II LLC Delaware4
- AIREIT Aurora DC II LLC Delaware4
- AIREIT Baymeadow CC LLC Delaware4
- AIREIT Beltway Logistics Center LLC Delaware4
- AIREIT Benchmark DC LLC Delaware4
- AIREIT Big Eddy CC LLC Delaware4
- AIREIT Bluff Road LC LLC Delaware4
- AIREIT Bolingbrook LC I LLC Delaware4
- AIREIT Bolingbrook LC II LLC Delaware4
- AIREIT Brittmoore IC GP LLC Delaware4
- AIREIT Brittmoore IC LP Delaware4
- AIREIT Buckeye IC II LLC Delaware4
- AIREIT Cameron BC LLC Delaware4
All 333 listed subsidiaries
- AIREIT Cedardale LC LLC Delaware4
- AIREIT Central Green IC I LLC Delaware4
- AIREIT Central Green IC II LLC Delaware4
- AIREIT Central Green IC III & IV LLC Delaware4
- AIREIT Clackamas IC LLC Delaware4
- AIREIT Coffee Creek CC LLC Delaware4
- AIREIT Commonwealth Logistics Center LLC Delaware4
- AIREIT County Line Corporate Park LLC Delaware4
- AIREIT Creekside I LLC Delaware4
- AIREIT Creekside II LLC Delaware4
- AIREIT Crossroads DC I LLC Delaware4
- AIREIT Crossroads DC II LLC Delaware4
- AIREIT Debt Investment Holdco LLC Delaware4
- AIREIT Debt Securities Holdco LLC Delaware4
- AIREIT Decatur DC LLC Delaware4
- AIREIT Eaglepoint LC LLC Delaware4
- AIREIT Eldorado BP LLC Delaware4
- AIREIT Elgin DC LLC Delaware4
- AIREIT Elgin Industrial Center LLC Delaware4
- AIREIT Enterprise IC LLC Delaware4
- AIREIT Esplanade DC LLC Delaware4
- AIREIT Executive Airport DC LLC Delaware4
- AIREIT Garland DC GP LLC Delaware4
- AIREIT Garland DC LP Delaware4
- AIREIT Gerwig DC LLC Delaware4
- AIREIT Grand Central West LLC Delaware4
- AIREIT Hebron Airpark Logistics Center LLC Delaware4
- AIREIT Heron DC LLC Delaware4
- AIREIT Hoagland DC LLC Delaware4
- AIREIT I-80 Logistics Center LLC Delaware4
- AIREIT Industry CC GP LLC Delaware4
- AIREIT Industry CC LP Delaware4
- AIREIT Innovation Corporate Park LLC Delaware4
- AIREIT JFK Logistics Center LLC Delaware4
- AIREIT Kelly Trade Center LLC Delaware4
- AIREIT LOC Lender LLC Delaware4
- AIREIT Lakewood Logistics Center II LLC Delaware4
- AIREIT Lender LLC Delaware4
- AIREIT Little York LC LLC Delaware4
- AIREIT Medley 104 IC LLC Delaware4
- AIREIT Medley IC LLC Delaware4
- AIREIT Memphis DC LLC Delaware4
- AIREIT Miami Midway Park LLC Delaware4
- AIREIT Naperville DC LLC Delaware4
- AIREIT Nashville Logistics Center LLC Delaware4
- AIREIT Norcross Industrial Center LLC Delaware4
- AIREIT Norton DC LLC Delaware4
- AIREIT Olive Branch DC LLC Delaware4
- AIREIT Operating Partnership LP Delaware4
- AIREIT O’Hare DC III LLC Delaware4
- AIREIT Park 429 LC LLC Delaware4
- AIREIT Philadelphia CC Holdco 1 LLC Delaware4
- AIREIT Philadelphia CC Holdco 2 LLC Delaware4
- AIREIT Philadelphia CC Holdco LLC Delaware4
- AIREIT Philadelphia CC LLC Delaware4
- AIREIT Plainfield DC I LLC Delaware4
- AIREIT Plainfield DC II LLC Delaware4
- AIREIT Port Crossing LC LLC Delaware4
- AIREIT Portfolio Real Estate Holdco LLC Delaware4
- AIREIT Portfolio VI DST Holder LLC Delaware4
- AIREIT Property Management LLC Delaware4
- AIREIT QR III LP LLC Delaware4
- AIREIT Real Estate Holdco LLC Delaware4
- AIREIT Riverport DC LLC Delaware4
- AIREIT Robbinsville DC I Urban Renewal LLC Delaware4
- AIREIT Robbinsville DC II Urban Renewal LLC Delaware4
- AIREIT Runway DC GP LLC Delaware4
- AIREIT Runway DC LP Delaware4
- AIREIT Services LLC Delaware4
- AIREIT Southmeadow J LLC Delaware4
- AIREIT TRS Corp. Delaware4
- AIREIT TRS Holdco I LLC Delaware4
- AIREIT TRS Holdco LLC Delaware4
- AIREIT Tampa CC LLC Delaware4
- AIREIT Taunton Distribution Center LLC Delaware4
- AIREIT Thompson Mill IC LLC Delaware4
- AIREIT Tolleson IC LLC Delaware4
- AIREIT Trade Port DC II LLC Delaware4
- AIREIT Trade Port DC III LLC Delaware4
- AIREIT Trade Port DC LLC Delaware4
- AIREIT Tradeport LC LLC Delaware4
- AIREIT Tualatin DC LLC Delaware4
- AIREIT Valwood IC I LLC Delaware4
- AIREIT Valwood IC II LLC Delaware4
- AIREIT Weston BC LLC Delaware4
- AIREX 1031 Lender LLC Delaware4
- AIREX 1031 Lender Portfolio 10 LLC Delaware4
- AIREX 1031 Lender Portfolio 7 LLC Delaware4
- AIREX 1031 Lender Portfolio 8 LLC Delaware4
- AIREX 1031 Lender Portfolio 9 LLC Delaware4
- AIREX 1031 Lender Portfolio VI LLC Delaware4
- AIREX Bayport 146 DC DST Delaware4
- AIREX Buckeye IC I DST Delaware4
- AIREX Chicago Industrial Center DST Delaware4
- AIREX Executive Airport DC II DST Delaware4
- AIREX Executive Airport DC III DST Delaware4
- AIREX Fort Worth DC DST Delaware4
- AIREX Greater Boston IC I DST Delaware4
- AIREX Greater Boston IC II DST Delaware4
- AIREX I-146 East LC DST Delaware4
- AIREX Innovation Corporate Park DST Delaware4
- AIREX Lexington Valley Drive LC DST Delaware4
- AIREX Madison DC DST Delaware4
- AIREX Manager LLC Delaware4
- AIREX Master Tenant LLC Delaware4
- AIREX Portfolio 10 DST Delaware4
- AIREX Portfolio 10 Manager LLC Delaware4
- AIREX Portfolio 10 Master Tenant LLC Delaware4
- AIREX Portfolio 10 TRS LLC Delaware4
- AIREX Portfolio 7 DST Delaware4
- AIREX Portfolio 7 Manager LLC Delaware4
- AIREX Portfolio 7 Master Tenant LLC Delaware4
- AIREX Portfolio 7 TRS LLC Delaware4
- AIREX Portfolio 8 DST Delaware4
- AIREX Portfolio 8 Manager LLC Delaware4
- AIREX Portfolio 8 Master Tenant LLC Delaware4
- AIREX Portfolio 8 TRS LLC Delaware4
- AIREX Portfolio 9 DST Delaware4
- AIREX Portfolio 9 Manager LLC Delaware4
- AIREX Portfolio 9 Master Tenant LLC Delaware4
- AIREX Portfolio 9 TRS LLC Delaware4
- AIREX Portfolio VI Manager LLC Delaware4
- AIREX Portfolio VI Master Tenant LLC Delaware4
- AIREX Portfolio VI TRS LLC Delaware4
- AIREX Skyline DC DST Delaware4
- AIREX Stateline DC DST Delaware4
- AIREX Westlake LC III DST Delaware4
- AREX 1031 Lender LLC Delaware4
- Ares Industrial Real Estate Exchange LLC Delaware4
- Ares QR III Acquisitions LLC Delaware4
- Ares QR III Services LLC Delaware4
- Ares QR Industrial Partnership III LP Delaware4
- BC Industrial Exchange Portfolio III Manager LLC Delaware4
- BCI IV 1 Stanley Drive Holdco I LLC Delaware4
- BCI IV 1 Stanley Drive Holdco II LLC Delaware4
- BCI IV 1 Stanley Drive Holdco LLC Delaware4
- BCI IV 1 Stanley Drive LLC Delaware4
- BCI IV 395 DC LLC Delaware4
- BCI IV 485 DC LLC Delaware4
- BCI IV 7A DC II LLC Delaware4
- BCI IV 7A DC LLC Delaware4
- BCI IV Air Commerce Center LLC Delaware4
- BCI IV Airpark International Logistics Center LLC Delaware4
- BCI IV Airport IC GP LLC Delaware4
- BCI IV Airport IC LP Delaware4
- BCI IV Arrow Route DC LLC Delaware4
- BCI IV Auburn 167 IC LLC Delaware4
- BCI IV Aurora Corporate Center LLC Delaware4
- BCI IV Avenue B Industrial Center LLC Delaware4
- BCI IV BR LLC Delaware4
- BCI IV BTC II Tranche B GP LLC Delaware4
- BCI IV BTC II Tranche B LP LLC Delaware4
- BCI IV Bishops Gate DC LLC Delaware4
- BCI IV Brodhead DC Holdco I LLC Delaware4
- BCI IV Brodhead DC Holdco II LLC Delaware4
- BCI IV Brodhead DC Holdco LLC Delaware4
- BCI IV Brodhead DC LLC Delaware4
- BCI IV California Business Center LLC Delaware4
- BCI IV Cameron BC LLC Delaware4
- BCI IV Carlstadt IC LLC Delaware4
- BCI IV Chicago IC LLC Delaware4
- BCI IV Colony Crossing GP LLC Delaware4
- BCI IV Colony Crossing LP Delaware4
- BCI IV Commerce Farms Logistics Center LLC Delaware4
- BCI IV Connection Park GP LLC Delaware4
- BCI IV Connection Park LP Delaware4
- BCI IV Demarest DC LLC Delaware4
- BCI IV Drew Court CC Holdco I LLC Delaware4
- BCI IV Drew Court CC Holdco II LLC Delaware4
- BCI IV Drew Court CC Holdco LLC Delaware4
- BCI IV Drew Court CC LLC Delaware4
- BCI IV Edison DC LLC Delaware4
- BCI IV Etiwanda IC GP LLC Delaware4
- BCI IV Etiwanda IC LP Delaware4
- BCI IV Executive Airport DC II Holdco LLC Delaware4
- BCI IV Fontana DC GP LLC Delaware4
- BCI IV Fontana DC LP Delaware4
- BCI IV Gilbert Commerce Park LLC Delaware4
- BCI IV Gothard IC GP LLC Delaware4
- BCI IV Gothard IC LP Delaware4
- BCI IV Hainesport CC LLC Delaware4
- BCI IV Hainesport CC Master Tenant LLC Delaware4
- BCI IV Harvill Business Center GP LLC Delaware4
- BCI IV Harvill Business Center LP Delaware4
- BCI IV Harvill Industrial Center GP LLC Delaware4
- BCI IV Harvill Industrial Center LP Delaware4
- BCI IV Hayward Logistics Center LLC Delaware4
- BCI IV Hebron LC LLC Delaware4
- BCI IV I-24 IC LLC Delaware4
- BCI IV I-80 DC LLC Delaware4
- BCI IV Iron Run DC LLC Delaware4
- BCI IV Kent IP LLC Delaware4
- BCI IV King of Prussia Industrial Center LLC Delaware4
- BCI IV LC 33 Holdco 1 LLC Delaware4
- BCI IV LC 33 Holdco 2 LLC Delaware4
- BCI IV LC 33 Holdco LLC Delaware4
- BCI IV LaPorte DC GP LLC Delaware4
- BCI IV LaPorte DC LP Delaware4
- BCI IV Lakewood Logistics Center I LLC Delaware4
- BCI IV Lakewood Logistics Center III LLC Delaware4
- BCI IV Lakewood Logistics Center IV LLC Delaware4
- BCI IV Lakewood Logistics Center V LLC Delaware4
- BCI IV Lanham DC LLC Delaware4
- BCI IV Legacy Logistics Center LLC Delaware4
- BCI IV Lima DC LLC Delaware4
- BCI IV Lodi DC LLC Delaware4
- BCI IV Logistics Center at 33 LLC Delaware4
- BCI IV Marigold DC GP LLC Delaware4
- BCI IV Marigold DC LP Delaware4
- BCI IV Mechanicsburg DC Holdco I LLC Delaware4
- BCI IV Mechanicsburg DC Holdco II LLC Delaware4
- BCI IV Mechanicsburg DC Holdco LLC Delaware4
- BCI IV Mechanicsburg DC LLC Delaware4
- BCI IV Midway IC LLC Delaware4
- BCI IV Miraloma IC GP LLC Delaware4
- BCI IV Miraloma IC LP Delaware4
- BCI IV Monte Vista IC GP LLC Delaware4
- BCI IV Monte Vista IC LP Delaware4
- BCI IV Monument BP GP LLC Delaware4
- BCI IV Monument BP LP Delaware4
- BCI IV Nelson Industrial Center GP LLC Delaware4
- BCI IV Nelson Industrial Center LP Delaware4
- BCI IV North County Commerce Center GP LLC Delaware4
- BCI IV North County Commerce Center LP Delaware4
- BCI IV Northgate DC Holdco LLC Delaware4
- BCI IV Northgate DC LLC Delaware4
- BCI IV Northlake Logistics Crossings GP LLC Delaware4
- BCI IV Northlake Logistics Crossings LP Delaware4
- BCI IV Ontario DC GP LLC Delaware4
- BCI IV Ontario DC LP Delaware4
- BCI IV Ontario IC GP LLC Delaware4
- BCI IV Ontario IC LP Delaware4
- BCI IV Otay Logistics Center LLC Delaware4
- BCI IV Palm Beach CC LLC Delaware4
- BCI IV Park 100 DC LLC Delaware4
- BCI IV Peachtree DC LLC Delaware4
- BCI IV Pennsy Logistics Center LLC Delaware4
- BCI IV Performance DC GP LLC Delaware4
- BCI IV Performance DC LP Delaware4
- BCI IV Pescadero DC GP LLC Delaware4
- BCI IV Pescadero DC LP Delaware4
- BCI IV Pioneer DC LLC Delaware4
- BCI IV Pioneer Parking Lot DC LLC Delaware4
- BCI IV Pompano IC LLC Delaware4
- BCI IV Port 146 DC GP LLC Delaware4
- BCI IV Port 146 DC LP Delaware4
- BCI IV Princess Logistics Center LLC Delaware4
- BCI IV Quakerbridge DC LLC Delaware4
- BCI IV Rancho Cucamonga BC GP LLC Delaware4
- BCI IV Rancho Cucamonga BC LP Delaware4
- BCI IV Renton DC LLC Delaware4
- BCI IV Richmond Logistics Center LLC Delaware4
- BCI IV Riggs Hill Industrial Center LLC Delaware4
- BCI IV Robbinsville DC LLC Delaware4
- BCI IV San Antonio Logistics Center LLC Delaware4
- BCI IV Silicon Valley IC LLC Delaware4
- BCI IV Southpark CC I LLC Delaware4
- BCI IV Southpark CC II LLC Delaware4
- BCI IV Stockton DC GP LLC Delaware4
- BCI IV Stockton DC II GP LLC Delaware4
- BCI IV Stockton DC II LP Delaware4
- BCI IV Stockton DC LP Delaware4
- BCI IV Stockton Industrial Center GP LLC Delaware4
- BCI IV Stockton Industrial Center LP Delaware4
- BCI IV Stonewood Logistics Center LLC Delaware4
- BCI IV Stonewood Logistics LC Holdco 1 LLC Delaware4
- BCI IV Stonewood Logistics LC Holdco 2 LLC Delaware4
- BCI IV Stonewood Logistics LC Holdco LLC Delaware4
- BCI IV Tacoma CC LLC Delaware4
- BCI IV Tacoma Logistics Center LLC Delaware4
- BCI IV Totowa CC LLC Delaware4
- BCI IV Tracy DC GP LLC Delaware4
- BCI IV Tracy DC II GP LLC Delaware4
- BCI IV Tracy DC II LP Delaware4
- BCI IV Tracy DC III LLC Delaware4
- BCI IV Tracy DC LP LLC Delaware4
- BCI IV Trade Zone IC LLC Delaware4
- BCI IV Tuscany IC II GP LLC Delaware4
- BCI IV Tuscany IC II LP Delaware4
- BCI IV Upland DC LLC Delaware4
- BCI IV Valencia IP GP LLC Delaware4
- BCI IV Valencia IP LP Delaware4
- BCI IV Valwood Crossroads DC GP LLC Delaware4
- BCI IV Valwood Crossroads DC LP Delaware4
- BCI IV Walker Mill IC LLC Delaware4
- BCI IV Westlake LC LLC Delaware4
- BCI IV Windward Ridge BC LLC Delaware4
- BCI IV York DC Holdco I LLC Delaware4
- BCI IV York DC Holdco II LLC Delaware4
- BCI IV York DC Holdco LLC Delaware4
- BCI IV York DC LLC Delaware4
- BTC I REIT B LLC Delaware4
- BTC II Holdco LLC Delaware4
- Build-To-Core Industrial Partnership II Tranche B LP Delaware4
- Hainesport Commerce Center Urban Renewal LLC New Jersey4
- IPT Avenel DC Urban Renewal LLC Delaware4
- IPT BTC I GP LLC Delaware4
- IPT BTC I LP LLC Delaware4
- IPT BTC II GP LLC Delaware4
- IPT BTC II LP LLC Delaware4
- IPT Corona Commerce Center LLC Delaware4
- IPT Enterprise Business Center LLC Delaware4
- IPT Kingsbridge Business Center LLC Delaware4
- IPT Menifee CC LLC Delaware4
- IPT Newark Airport Logistics Center Urban Renewal LLC Delaware4
- IPT Riverside Logistics Center I LLC Delaware4
- IPT Riverside Logistics Center II LLC Delaware4
- Industrial Property Advisors Sub III LLC Delaware4
- MPLD II REIT B Texas4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Oct 15, 20268-K Other events34
- Oct 7, 20268-K Unregistered sale of shares35
- Sep 16, 20268-K Other events36
- Aug 17, 20268-K Other events37
- Aug 11, 20268-K Other events38
- Aug 7, 20268-K Shareholder vote; Other events39
- Jul 17, 20268-K Other events40
- Jul 8, 20268-K Unregistered sale of shares41
- Jun 24, 20268-K Shareholder vote42
- Jun 15, 20268-K Other events43
- May 15, 20268-K Other events44
- May 6, 20268-K Entered a material agreement; Unregistered sale of shares45
Filings
279 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 99 major events, 42 insider forms, 3 private raises, 115 other. The latest 20:
- Oct 15, 20268-K EDGAR
- Oct 7, 20268-K EDGAR
- Sep 16, 20268-K EDGAR
- Aug 17, 20268-K EDGAR
- Aug 17, 2026D/A EDGAR
- Aug 12, 202610-Q EDGAR
- Aug 11, 20268-K EDGAR
- Aug 10, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 10, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 10, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 10, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 10, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 7, 20268-K EDGAR
- Jul 17, 20268-K EDGAR
- Jul 8, 20268-K EDGAR
- Jun 24, 2026DEFA14A EDGAR
- Jun 24, 20268-K EDGAR
- Jun 15, 20268-K EDGAR
- May 29, 2026DEFA14A EDGAR
- May 15, 20268-K EDGAR
The 279 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Apr 1, 2023 | Benjamin William StephenDirector | Buy | 33,258 | $15.03 | $499.9K | Form 4 |
From Forms 4 filed with the SEC.
Money raised
Private offerings the company reported to the SEC on Form D.
- Sep 3, 2024Raised $450.4 million in a private offering of equity Form D: 3,006 investors so far Form D
SEC filer profile
How ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.1
- CIK0001625941
- Employer ID (EIN)47-15928865
- Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inMaryland5
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address1200 17Th Street, Suite 2900, Denver, CO 802021
- Phone303-228-22001
- Shares outstanding71,894,501 Class TR Shares shares; 17,795,126 Class DR Shares shares; 161,757,488 Class IR Shares shares; 15,359,925 Class SPR Shares shares; 83,616 Class DPR Shares shares; 11,298,007 Class IPR Shares shares as of Feb 26, 20265
- Public float$0 as of Jun 30, 20252
- AuditorKPMG LLP, Denver, Colorado PCAOB ID 185; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceNov 25, 20141
- Filings639 in all: 8-K (198), 424B3 (141), POS EX (77), 4 (53), 10-Q (32), DEFA14A (19), 3 (18), EFFECT (14)1
All 26 form types
POS AM (13), CORRESP (12), 10-K (10), DEF 14A (8), 40-APP/A (7), S-11/A (6), UPLOAD (6), 8-K/A (4), ARS (4), IRANNOTICE (4), S-11 (3), 40-APP (2), D (2), D/A (2), 8-A12G (1), PRE 14A (1), S-3DPOS (1), S-8 (1)
- Latest filingsAnnual report (10-K) Mar 6, 2026
Quarterly report (10-Q) Aug 12, 2026
Proxy statement (DEF 14A) Apr 14, 2026
Latest 8-K (8-K) Oct 15, 2026
Risk factors and legal proceedings
The risks ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc. names in Item 1A of its 10-K filed Mar 6, 2026: 77 risks under these headings, as written.5
- RISKS RELATED TO INVESTING IN OUR SECURITIES
- Because we generally do not mark to market our property-level mortgages, corporate-level credit facilities and other secured and unsecured debt that are intended to be held to maturity, or our associated interest rate hedges that are intended to be held to maturity, the realizable value of the Company or our assets that are encumbered by debt may be higher or lower than the value used in the calculation of our NAV.
- There is no public trading market for the shares of our common stock and we do not anticipate that there will be a public trading market for our shares; therefore, our stockholders’ ability to dispose of their shares will likely be limited to redemption by us. If our stockholders do sell their shares to us, they may receive less than the price they paid.
- Our ability to redeem our stockholders’ shares may be limited. In addition, our board of directors may make exceptions to, modify or suspend our share redemption program at any time.
- Our capacity to redeem shares may be further limited if we experience a concentration of investors.
- Purchases and redemptions of our common shares will not be made based on the current NAV per share of our common stock.
- In order to maintain what we deem to be sufficient liquidity for our share redemption program, we may keep more of our assets in securities, cash, cash equivalents and other short-term investments than we would otherwise like, which would affect returns.
- Economic events that may cause our stockholders to request that we redeem their shares may materially adversely affect our cash flow and our results of operations and financial condition.
- A portion of the proceeds raised in our securities offerings is expected to be used to satisfy redemption requests, and such portion of the proceeds may be substantial.
- Historical returns may be presented over limited timeframes and are inherently limited in their applicability to the future.
- Even if we are able to raise substantial funds in our securities offerings, investors in our common stock are subject to the risk that our offerings, business and operating plans may change.
- Valuations and appraisals of our properties, real estate-related assets and real estate-related liabilities are estimates of value and may not necessarily correspond to realizable value.
The other 66 risks
- In order to disclose a monthly NAV, we are reliant on the parties that we engage for that purpose, in particular the Independent Valuation Advisor and the appraisers that we hire to value and appraise our real estate portfolio.
- Our NAV is not subject to GAAP, is not independently audited and involves subjective judgments by the Independent Valuation Advisor and other parties involved in valuing our assets and liabilities.
- No rule or regulation requires that we calculate our NAV in a certain way, and our board of directors, including a majority of our independent directors, may adopt changes to the valuation procedures.
- Our NAV per share may suddenly change if the valuations of our properties materially change from prior valuations or the actual operating results or observed market transactions materially differ from what we originally budgeted.
- New acquisitions may be valued for purposes of our NAV at less than what we pay for them, which would dilute our NAV.
- The NAV per share that we publish may not necessarily reflect changes in our NAV that are not immediately quantifiable.
- The realizable value of specific properties may change before the value is adjusted by the Independent Valuation Advisor and reflected in the calculation of our NAV.
- Our NAV and the NAV of our stockholders’ shares may be diluted in connection with future securities offerings.
- Interest rate changes may cause volatility in our monthly NAV.
- Stockholders will not have the benefit of an independent due diligence review in connection with our securities offerings, which increases the risk of their investment.
- The performance component of the advisory fee is calculated on the basis of the overall investment return provided to holders of Fund Interests over a calendar year, so it may not be consistent with the return on our stockholders’ shares.
- The payment of fees and expenses to the Advisor and its affiliates and the Dealer Manager reduces the cash available for distribution and increases the risk that our stockholders will not be able to recover the amount of their investment in our shares.
- We will be required to pay substantial compensation to the Advisor and its affiliates or related parties, which may be increased or decreased during our current securities offerings or future offerings by a majority of our board of directors, including a majority of the independent directors.
- There is very limited liquidity for our shares of common stock. If we do not effect a Liquidity Event, it will be very difficult for our stockholders to have liquidity for their investment in shares of our common stock.
- We currently do not have research analysts reviewing our performance.
- Our investors may be at a greater risk of loss than the Advisor and members of our management team.
- The availability and timing of cash distributions to our stockholders is uncertain.
- If we internalize our management functions, the percentage of our outstanding shares of common stock owned by our other stockholders could be reduced, we could incur other significant costs associated with being self-managed, and any internalization could have other adverse effects on our business and financial condition.
- If another investment program, whether sponsored by the Sponsor or otherwise, hires the current executives or key personnel of the Advisor in connection with an internalization transaction or otherwise, or if we were to internalize our management but cannot retain some or all of our current executives or key personnel of the Advisor, our ability to conduct our business may be adversely affected.
- We have broad authority to incur debt, and high debt levels could hinder our ability to make distributions and could decrease the value of an investment in shares of our common stock.
- Our private offering is being conducted in reliance on a private offering exemption from registration under the Securities Act, and if the Company fails to comply with the requirements of such exemption, our stockholders would have the right to rescind their purchase of Shares of our common stock if they so desired.
- RISKS RELATED TO OUR GENERAL BUSINESS OPERATIONS AND OUR CORPORATE STRUCTURE
- If we are delayed in finding or unable to find suitable investments, we may not be able to achieve our investment objectives and make distributions to our stockholders.
- We anticipate that our investments will continue to be concentrated in the industrial real estate sector and primarily in the largest distribution and logistics markets in the U.S., and our business could be adversely affected by an economic downturn in that sector or in those geographic areas.
- Inflation, changing interest rates or deflation may adversely affect our financial condition and results of operations.
- We are dependent on customers for revenue and our inability to lease our properties or to collect rent from our customers will adversely affect our results of operations and returns to our stockholders.
- A global economic slowdown or further declines in real estate values could impair our investments and have a significant adverse effect on our business, financial condition and results of operations.
- We are highly dependent on the information systems of Ares and systems failures could significantly disrupt our business, which may, in turn, negatively affect our operating results and our ability to pay distributions.
- A major public health crisis, pandemic or epidemic could disrupt the U.S. and global economies and industries in which our customers operate and materially and adversely impact us.
- Yields on and safety of deposits may be lower due to the extensive decline in the financial markets.
- Our business is dependent on bank relationships and strain on the banking system may severely impact us. Similarly, the failure of any bank in which we deposit our funds could reduce the amount of cash we have available to pay distributions and make additional investments.
- Terrorist attacks and other acts of violence, civilian unrest, military conflict, or war may affect the markets in which we operate, our operations and our profitability.
- If we fail to comply with laws, regulations and market standards regarding the privacy, use and security of customer and stockholder information, we may be subject to legal and regulatory actions and our reputation would be harmed, which would materially adversely affect us.
- Our board of directors determines our major policies and operations which increases the uncertainties faced by our stockholders.
- Tax protection agreements could limit our ability to sell or otherwise dispose of property contributed to the Operating Partnership.
- Tax protection agreements may require the Operating Partnership to maintain certain debt levels that otherwise would not be required to operate our business.
- Certain provisions in the partnership agreement of the Operating Partnership may delay, defer or prevent an unsolicited acquisition of us or a change of our control.
- Our UPREIT structure may result in potential conflicts of interest with limited partners in the Operating Partnership whose interests may not be aligned with those of our stockholders.
- We may acquire co-ownership interests in property that are subject to certain co-ownership agreements which may have an adverse effect on our results of operations, relative to if the co-ownership agreements did not exist.
- The Operating Partnership’s private placements of DST Interests under our DST Program could cause our leverage ratio to increase or subject us to liabilities from litigation or otherwise.
- The Operating Partnership’s private placements of DST Interests under our DST Program will not shield us from risks related to the performance of the real properties held through such structures.
- We may own DST Interests in DSTs owning real property that will be subject to the agreements under our DST Program, which may have an adverse effect on our results of operations, relative to if the DST Program agreements did not exist.
- Properties that are placed into the DST Program and later reacquired may be less liquid than other assets, which could impair our ability to utilize cash proceeds from sales of such properties for other purposes such as paying down debt, distributions, funding redemptions or making additional investments.
- Investors who use DST Investor Loans to acquire DST Interests as part of the DST Program may default on such loans.
- If we invest in a limited partnership as a general partner, we could be responsible for all liabilities of such partnership.
- Cash redemptions to holders of OP Units will reduce cash available for distribution to our stockholders or to honor their redemption requests under our share redemption program.
- We may be limited or restricted in engaging in Section 1031 Exchanges.
- Maryland law and our organizational documents limit our stockholders’ rights to bring claims against our officers and directors.
- We may issue preferred stock, additional shares of common stock or other classes of common stock, which issuance could adversely affect the holders of our common stock issued pursuant to our securities offerings.
- The limit on the percentage of shares of our common stock that any person may own may discourage a takeover or business combination that could benefit our stockholders.
- Maryland law and our organizational documents limit our stockholders’ ability to amend our charter or terminate the Company without the approval of our board of directors.
- Our bylaws designate the Circuit Court for Baltimore City, Maryland as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
- Technological developments in artificial intelligence could disrupt the markets in which we and our borrowers operate and subject us to increased competition, legal and regulatory risks and compliance costs.
- Increasing scrutiny from stakeholders and regulators with respect to sustainability matters may impose additional costs and expose us to additional risks.
- We intend to disclose funds from operations (“FFO”) and adjusted funds from operations (“AFFO”), each a non-GAAP financial measure, in future communications with investors, including documents filed with the SEC. However, FFO and AFFO are not equivalent to our net income or loss as determined under GAAP, and do not represent a complete measure of our financial position and results of operations.
- RISKS RELATED TO INVESTMENTS IN PROPERTY
- Adverse economic and other conditions in the regions where our assets are located may adversely affect our levels of occupancy, the terms of our leases, and our ability to lease available areas, which could have an adverse effect on our results of operations.
- We face possible risks associated with the physical effects of climate change.
- Properties that we may own or acquire that incur vacancies for a significant period of time could be difficult to sell, which could diminish the return to our stockholders.
- Risks related to the development of properties may have an adverse effect on our results of operations and returns to our stockholders.
- Delays in the acquisition, development and construction of properties or debt investments may have adverse effects on portfolio diversification, results of operations, and returns on our stockholders’ investment.
- Changes in supply of or demand for similar properties in a particular area may increase the price of real estate assets we seek to purchase or adversely affect the value of the properties we own.
- Actions of joint venture partners could adversely impact our performance.
- Properties are illiquid investments and we may be unable to adjust our portfolio in response to changes in economic or other conditions or sell a property if or when we decide to do so.
- Our operating expenses may increase in the future and to the extent such increases cannot be passed on to our customers, our cash flow and our operating results would decrease.
- We compete with numerous other parties or entities for property investments and customers and may not compete successfully.
- The operating results of the assets that we own may be impacted by our customers’ financial condition.
- If we enter into long-term leases with customers, those leases may not result in market rental rates over time, which could adversely affect our revenues and ability to make distributions to our stockholders.
Legal proceedings
From time to time, we, our executive officers, directors and our Advisor, and its affiliates and/or any of their respective principals and employees are subject to legal proceedings, including those arising from our investments, and we and our Advisor are also subject to extensive regulation, which, from time to time, results in requests for information from us or our Advisor or legal or regulatory proceedings or investigations against us or our Advisor, respectively. We incur significant costs and expenses in connection with any such proceedings, information requests, and investigations.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGAREvan Zucker, Chair
- 16SEC EDGARRajat Dhanda, President
- 17SEC EDGARDavid M. Fazekas, President
- 18
- 19
- 20SEC EDGARJoshua J. Widoff, Officer
- 21SEC EDGARRajat Dhanda, Officer
- 22SEC EDGARScott W. Recknor, Officer
- 23SEC EDGARThomas G. McGonagle, Officer
- 24SEC EDGARScott W. Lang, Board member
- 25SEC EDGARMartin A. Edmondson, Board member
- 26SEC EDGARDavid M. Fazekas, Board member
- 27
- 28SEC EDGARDawanna Williams, Board member
- 29SEC EDGARCharles B. Duke, Board member
- 30SEC EDGARJohn S. Hagestad, Board member
- 31SEC EDGARMarshall M. Burton, Board member
- 32SEC EDGARStanley A. Moore, Board member
- 33
- 34SEC EDGAROther events
- 35SEC EDGARUnregistered sale of shares
- 36SEC EDGAROther events
- 37SEC EDGAROther events
- 38SEC EDGAROther events
- 39SEC EDGARShareholder vote; Other events
- 40SEC EDGAROther events
- 41SEC EDGARUnregistered sale of shares
- 42SEC EDGARShareholder vote
- 43SEC EDGAROther events
- 44SEC EDGAROther events
- 45