ZARE on OTC
Ares Real Estate Income Trust Inc.
In its 2026 annual report the company says: “Ares Real Estate Income Trust Inc. is a net asset value-based perpetual life REIT formed on April 11, 2005, as a Maryland corporation. We are primarily focused on investing in and operating a diverse portfolio of real property and investing in other real estate-related assets.”5 It is headquartered in Denver, Colorado.1 Its shares trade on OTC under the symbol ZARE.1
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Last updated Oct 21, 2026.
Overview
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- TickerZARE on OTC1
- IndustryReal Estate Investment Trusts1
- HeadquartersDenver, Colorado1
- Incorporated inMD3
- Business addressOne Tabor Center, 1200 Seventeenth Street, Suite 2900, Denver, Co 802023
- Filer categoryNon-accelerated filer3
- Legal formCorporation
- Kind of organizationReal estate investment trust1
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Ares Real Estate Income Trust Inc. is a net asset value (“NAV”)-based perpetual life REIT formed on April 11, 2005, as a Maryland corporation. We are primarily focused on investing in and operating a diverse portfolio of real property and investing in other real estate-related assets. As of December 31, 2025, our consolidated real property portfolio consisted of 143 properties, totaling approximately 30.5 million square feet located in 34 markets throughout the U.S. As used herein, the terms “AREIT,” the “Company,” “we,” “our” or “us” refer to Ares Real Estate Income Trust Inc. and its consolidated subsidiaries, except where otherwise indicated or the context otherwise requires.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
66.5%Operating margin2
-13.6%Net margin2
19.5%Revenue growth, 20252
-10.4%Return on equity2
4.53×Debt to equity2
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs96¢$480.9M
- Income tax4¢$18.0M
Out of $498.8M in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Dividends paid37¢$94.6M
- Kept or used elsewhere63¢$159.0M
Out of $253.6M of cash from operations.2
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Rental revenues | $452.6M | $370.9M | $322.0M |
| Debt-related income | $46.2M | $46.6M | $31.2M |
| Total revenues | $498.8M | $417.5M | $353.2M |
| Rental expenses | $167.3M | $136.2M | $118.8M |
| Real estate-related depreciation and amortization | $196.8M | $152.8M | $150.0M |
| General and administrative expenses | $13.7M | $12.8M | $11.8M |
| Advisory fees | $51.3M | $40.8M | $38.6M |
| Performance participation allocation | $16.5M | $0 | $0 |
| Acquisition costs and reimbursements | $6.9M | $7.0M | $7.0M |
| Valuation allowance on debt-related investment | $0 | $0 | -$1.8M |
| Total operating expenses | $452.4M | $349.6M | $324.5M |
| Income (loss) from unconsolidated joint venture partnerships | $48.6M | $14.5M | -$3.6M |
| Interest expense | -$251.4M | -$188.3M | -$148.5M |
| Gain on sale of real estate property | $57.2M | $12.9M | $36.9M |
| Gain (loss) on financial assets | $407.0K | -$17.0K | $0 |
| (Loss) gain on financing obligations | -$54.8M | -$2.0M | $932.0K |
| Gain (loss) on extinguishment of debt and financing obligations, net | $32.7M | $41.0M | -$700.0K |
| (Loss) gain on derivative instruments | -$7.0K | $402.0K | $126.0K |
| Provision for current expected credit losses | $464.0K | $1.5M | -$2.0M |
| Other income and expenses | $11.1M | $6.6M | $5.0M |
| Total other income (expenses) | -$155.6M | -$113.4M | -$111.9M |
| Net loss before income tax expense | -$109.2M | -$45.5M | -$83.2M |
| Income tax expense | -$18.0M | -$11.8M | $0 |
| Net loss | -$127.2M | -$57.3M | -$83.2M |
| Net loss attributable to redeemable noncontrolling interests | $431.0K | $273.0K | $597.0K |
| Net loss attributable to noncontrolling interests | $58.8M | $19.9M | $20.2M |
| Net loss attributable to common stockholders | -$68.0M | -$37.1M | -$62.4M |
| Weighted-average shares outstanding-basic (in shares) | 183.5M shares | 188.3M shares | 203.3M shares |
| Weighted-average shares outstanding-diluted (in shares) | 342.4M shares | 305.2M shares | 267.6M shares |
| Net loss attributable to common stockholders per common share-basic (in dollars per share) | -$0.37 | -$0.20 | -$0.31 |
| Net loss attributable to common stockholders per common share-diluted (in dollars per share) | -$0.37 | -$0.20 | -$0.31 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net investment in real estate properties | $6.2B | $4.7B | ||
| Investments in real estate debt and securities (includes $259,378 and $165,401 at fair value as of December 31, 2025 and December 31, 2024, respectively) | $303.8M | $353.3M | ||
| Debt-related investments, held for sale | $0 | $193.9M | ||
| Investments in unconsolidated joint venture partnerships (includes $77,703 and $38,386 at fair value as of December 31, 2025 and December 31, 2024, respectively) | $439.0M | $212.3M | ||
| Cash and cash equivalents | $40.1M | $19.6M | $15.1M | $13.3M |
| Restricted cash | $5.7M | $7.9M | $4.6M | $3.9M |
| DST Program Loans (includes $170,865 and $71,068 at fair value as of December 31, 2025 and December 31, 2024, respectively) | $191.5M | $120.9M | ||
| Other assets | $78.2M | $92.1M | ||
| Total assets | $7.3B | $5.7B | ||
| Accounts payable and accrued expenses | $92.6M | $71.2M | ||
| Debt, net | $3.0B | $2.7B | ||
| Intangible lease liabilities, net | $187.1M | $46.1M | ||
| Financing obligations, net (includes $2,126,267 and $878,386 at fair value as of December 31, 2025 and December 31, 2024, respectively) | $2.4B | $1.4B | ||
| Distribution fees payable to affiliates | $73.0M | $69.9M | ||
| Other liabilities | $71.5M | $42.6M | ||
| Total liabilities | $5.7B | $4.3B | ||
| Redeemable equity (Note 11 and 12) | $211.5M | $9.4M | ||
| Preferred stock, $0.01 par value per share200,000 shares authorized, none issued and outstanding | $0 | $0 | ||
| Common stock, $0.01 par value per share (Note 10) | $1.8M | $1.8M | ||
| Additional paid-in capital | $2.0B | $2.0B | ||
| Distributions in excess of earnings | -$1.4B | -$1.2B | ||
| Accumulated other comprehensive (loss) income | -$232.0K | $3.7M | ||
| Total stockholders equity | $655.4M | $745.8M | ||
| Noncontrolling interests | $655.5M | $660.1M | ||
| Total equity | $1.3B | $1.4B | $1.1B | $1.2B |
| Total liabilities and equity | $7.3B | $5.7B | ||
| Investments in real estate debt and securities at fair value | $259.4M | $165.4M | ||
| Investments in unconsolidated joint venture partnerships | $77.7M | $38.4M | ||
| DST Program Loans | $170.9M | $71.1M | ||
| Financing obligations | $2.1B | $878.4M | ||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net investment in real estate properties | $6.2B | $4.7B | ||
| Investments in real estate debt and securities (includes $259,378 and $165,401 at fair value as of December 31, 2025 and December 31, 2024, respectively) | $303.8M | $353.3M | ||
| Debt-related investments, held for sale | $0 | $193.9M | ||
| Investments in unconsolidated joint venture partnerships (includes $77,703 and $38,386 at fair value as of December 31, 2025 and December 31, 2024, respectively) | $439.0M | $212.3M | ||
| Cash and cash equivalents | $40.1M | $19.6M | $15.1M | $13.3M |
| Restricted cash | $5.7M | $7.9M | $4.6M | $3.9M |
| DST Program Loans (includes $170,865 and $71,068 at fair value as of December 31, 2025 and December 31, 2024, respectively) | $191.5M | $120.9M | ||
| Other assets | $78.2M | $92.1M | ||
| Total assets | $7.3B | $5.7B | ||
| Accounts payable and accrued expenses | $92.6M | $71.2M | ||
| Debt, net | $3.0B | $2.7B | ||
| Intangible lease liabilities, net | $187.1M | $46.1M | ||
| Financing obligations, net (includes $2,126,267 and $878,386 at fair value as of December 31, 2025 and December 31, 2024, respectively) | $2.4B | $1.4B | ||
| Distribution fees payable to affiliates | $73.0M | $69.9M | ||
| Other liabilities | $71.5M | $42.6M | ||
| Total liabilities | $5.7B | $4.3B | ||
| Redeemable equity (Note 11 and 12) | $211.5M | $9.4M | ||
| Preferred stock, $0.01 par value per share200,000 shares authorized, none issued and outstanding | $0 | $0 | ||
| Common stock, $0.01 par value per share (Note 10) | $1.8M | $1.8M | ||
| Additional paid-in capital | $2.0B | $2.0B | ||
| Distributions in excess of earnings | -$1.4B | -$1.2B | ||
| Accumulated other comprehensive (loss) income | -$232.0K | $3.7M | ||
| Total stockholders equity | $655.4M | $745.8M | ||
| Noncontrolling interests | $655.5M | $660.1M | ||
| Total equity | $1.3B | $1.4B | $1.1B | $1.2B |
| Total liabilities and equity | $7.3B | $5.7B | ||
| Investments in real estate debt and securities at fair value | $259.4M | $165.4M | ||
| Investments in unconsolidated joint venture partnerships | $77.7M | $38.4M | ||
| DST Program Loans | $170.9M | $71.1M | ||
| Financing obligations | $2.1B | $878.4M | ||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$127.2M | -$57.3M | -$83.2M |
| Real estate-related depreciation and amortization | $196.8M | $152.8M | $150.0M |
| Straight-line rent and amortization of above- and below-market leases | -$11.7M | -$10.7M | -$7.0M |
| Gain on sale of real estate property | -$57.2M | -$12.9M | -$36.9M |
| Unrealized (gain) loss on financial assets | -$407.0K | $17.0K | $0 |
| Performance participation allocation | $16.5M | $0 | $0 |
| Valuation allowance on debt-related investment | $0 | $0 | -$1.8M |
| (Income) loss from unconsolidated joint venture partnerships | -$48.6M | -$14.5M | $3.6M |
| (Gain) loss on extinguishment of debt and financing obligations, net | -$32.7M | -$41.0M | $700.0K |
| Provision for current expected credit losses | -$464.0K | -$1.5M | $2.0M |
| Amortization of deferred financing costs | $14.9M | $10.0M | $7.4M |
| Decrease in financing obligation liability appreciation | $0 | -$69.0K | -$459.0K |
| Unrealized loss (gain) on financing obligations | $54.8M | $2.0M | -$932.0K |
| Unrealized loss (gain) on derivative instruments not designated as cash flow hedges | $7.0K | -$264.0K | $4.2M |
| Paid-in-kind interest on investments in real estate debt and securities, net of repayments | -$17.0K | -$26.4M | -$7.9M |
| Distributions of earnings from unconsolidated joint venture partnerships | $19.5M | $4.5M | $3.4M |
| Amortization of interest rate cap premiums | $9.7M | $14.1M | $5.7M |
| Other | $897.0K | -$451.0K | -$1.3M |
| Other assets | $108.0K | -$7.7M | -$2.9M |
| Accounts payable and accrued expenses | $13.7M | $6.9M | $4.1M |
| Other liabilities | $11.0M | $6.9M | $1.1M |
| Debt-related investments, held for sale | $193.9M | -$193.9M | $0 |
| Cash settlement of accrued performance participation allocation | $0 | $0 | -$23.7M |
| Net cash provided by (used in) operating activities | $253.6M | -$169.5M | $16.0M |
| Real estate acquisitions | -$1.5B | -$871.7M | -$401.8M |
| Capital expenditures | -$47.6M | -$55.6M | -$48.3M |
| Proceeds from disposition of real estate property | $110.9M | $31.2M | $53.7M |
| Investments in debt-related investments | -$107.9M | -$62.3M | -$52.0M |
| Principal collections on debt-related investments | $148.6M | $106.8M | $66.7M |
| Distributions from joint venture partnerships | $10.0M | $0 | $0 |
| Investments in unconsolidated joint venture partnerships | -$205.0M | -$72.1M | -$39.9M |
| Consolidation of equity method investment | $0 | $2.6M | $0 |
| Investments in available-for-sale debt securities | -$117.9M | -$3.0M | -$102.2M |
| Principal collections on available-for-sale debt securities | $128.4M | $4.6M | $0 |
| Other | $108.0K | $445.0K | $2.3M |
| Net cash used in investing activities | -$1.6B | -$919.1M | -$521.6M |
| Proceeds from mortgage notes | $85.0M | $535.8M | $287.3M |
| Repayments of mortgage notes | -$197.8M | -$22.2M | -$72.2M |
| Proceeds from line of credit | $2.6B | $1.4B | $1.2B |
| Repayments of line of credit | -$2.4B | -$1.2B | -$1.1B |
| Proceeds from term loans | $438.0M | $0 | $0 |
| Repayments of term loans | -$238.0M | $0 | $0 |
| Proceeds from secured borrowings | $462.2M | $0 | $0 |
| Repayments of secured borrowings | -$462.2M | $0 | $0 |
| Redemptions of common stock | -$122.4M | -$191.6M | -$193.9M |
| Distributions paid to common stockholders, redeemable noncontrolling interest holders and noncontrolling interest holders | -$94.6M | -$78.3M | -$61.2M |
| Proceeds from issuance of common stock | $303.9M | $29.7M | $88.1M |
| Proceeds from financing obligations, net | $1.1B | $712.3M | $412.9M |
| Offering costs for issuance of common stock and private placements | -$17.4M | -$17.3M | -$15.4M |
| Cash payout of DST Interests | $0 | -$3.9M | $0 |
| Redemption of redeemable noncontrolling interests and noncontrolling interests | -$46.1M | -$34.8M | -$33.9M |
| Debt issuance costs paid | -$22.3M | -$11.9M | -$6.4M |
| Interest rate cap premiums | -$548.0K | -$3.4M | -$29.3M |
| Other | -$159.0K | $395.0K | $0 |
| Net cash provided by financing activities | $1.4B | $1.1B | $508.1M |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | $137.0K | $21.0K | $0 |
| Net increase in cash, cash equivalents and restricted cash | $18.3M | $7.8M | $2.5M |
No quarter-by-quarter statement was filed.
Compare Ares Real Estate Income Trust Inc. with another company
Corporate structure
Ares Real Estate Income Trust Inc. sits at the top of its group. 335 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
- Ares Real Estate Income Trust Inc. Denver, Colorado
- ADREX 1031 California Lender LLC Subsidiary · Delaware, United States
- ADREX 1031 Lender Diversified 10 LLC Subsidiary · Delaware, United States
- ADREX 1031 Lender Diversified 11 LLC Subsidiary · Delaware, United States
- ADREX 1031 Lender Diversified 3 LLC Subsidiary · Delaware, United States
- ADREX 1031 Lender Diversified 4 LLC Subsidiary · Delaware, United States
- ADREX 1031 Lender Diversified 5 LLC Subsidiary · Delaware, United States
- ADREX 1031 Lender Diversified 6 LLC Subsidiary · Delaware, United States
- ADREX 1031 Lender Diversified 7 LLC Subsidiary · Delaware, United States
- ADREX 1031 Lender Diversified 8 LLC Subsidiary · Delaware, United States
- ADREX 1031 Lender Diversified 9 LLC Subsidiary · Delaware, United States
- ADREX 1031 Lender LLC Subsidiary · Delaware, United States
- ADREX 56 th Ave IC DST Subsidiary · Delaware, United States
- ADREX Arlington DC DST Subsidiary · Delaware, United States
- ADREX Artizia DST Subsidiary · Delaware, United States
- ADREX Boca Apartments DST Subsidiary · Delaware, United States
- ADREX Chantilly IC DST Subsidiary · Delaware, United States
- ADREX Constitution Drive LC DST Subsidiary · Delaware, United States
- ADREX Diversified 10 DST Subsidiary · Delaware, United States
- ADREX Diversified 10 Manager LLC Subsidiary · Delaware, United States
- ADREX Diversified 10 Master Tenant LLC Subsidiary · Delaware, United States
- ADREX Diversified 10 TRS LLC Subsidiary · Delaware, United States
- ADREX Diversified 11 LLC Subsidiary · Delaware, United States
- ADREX Diversified 11 Manager LLC Subsidiary · Delaware, United States
- ADREX Diversified 11 Master Tenant LLC Subsidiary · Delaware, United States
- ADREX Diversified 11 TRS LLC Subsidiary · Delaware, United States
- and 309 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 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $1.1B2 Dec 31, 2025 | $861.0M2 Dec 31, 2024 | +23.8% |
| Finance-lease assets | $13.6M2 Dec 31, 2025 | $13.6M2 Dec 31, 2024 | 0% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $6.2B2 Dec 31, 2025 | $4.7B2 Dec 31, 2024 | +31.3% |
| Real estate investments, at cost | $7.2B2 Dec 31, 2025 | $5.6B2 Dec 31, 2024 | +29.6% |
| Real estate properties | 1432 Dec 31, 2025 | 12410 Dec 31, 2024 | +15.3% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $40.1M2 Dec 31, 2025 | $19.6M2 Dec 31, 2024 | +104.9% |
| Debt securities available for sale | $121.0M2 Dec 31, 2025 | $136.6M2 Dec 31, 2024 | −11.4% |
| Debt securities held to maturity | $182.5M2 Dec 31, 2025 | $217.6M2 Dec 31, 2024 | −16.2% |
| Stakes in other companies (equity method) | $439.0M2 Dec 31, 2025 | $212.3M2 Dec 31, 2024 | +106.8% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, gross | $714.9M2 Dec 31, 2025 | $412.4M2 Dec 31, 2024 | +73.4% |
Properties, in its own words
As of December 31, 2025, our consolidated real property portfolio consisted of 143 properties, totaling approximately 30.5 million square feet located in 34 markets throughout the U.S. We also owned, either directly through our unconsolidated joint venture partnerships or indirectly through other entities owned by our unconsolidated joint venture partnerships, 150 credit lease properties, 21 industrial properties, 15 data center investments and 27 debt-related investments as of December 31, 2025. Unless otherwise noted, these unconsolidated properties are excluded from the presentation of our portfolio data herein. Refer to “Note 3 to the Consolidated Financial Statements” in Item 8, “Financial Statements and Supplementary Data” for detail relating to our 2025 acquisition and disposition activity and “Note 4 to the Consolidated Financial Statements” for detail relating to our unconsolidated joint venture partnerships. Unless otherwise indicated, the term “fair value” of our real estate investments as used herein refers to the fair value as determined pursuant to our valuation procedures.
As used herein, the term “commercial” refers to our industrial, retail, office and data center properties or customers, as applicable.
The rest of Item 2
Portfolio Overview. We currently group our real property portfolio into six categories: residential, industrial, retail, office, data center and other. The following table summarizes our real property portfolio by category as of December 31, 2025:
Average
Number of · % of Total · Effective Annual
($ and square feet in thousands, · Number of · Real · Rentable · Rentable · Base Rent per
except for per square foot data) · Markets (1) · Properties · Square Feet · Square Feet · Square Foot (2) · Leased
Residential properties · 12 · 24 · 6,720 · 22.1 · 28.44 · 93.3
Industrial properties · 28 · 83 · 18,664 · 61.3 · 7.58 · 96.7
Retail properties · 8 · 18 · 2,292 · 7.5 · 21.00 · 97.0
Office properties · 5 · 6 · 1,221 · 4.0 · 38.73 · 76.5
Data Center properties · 1 · 2 · 745 · 2.5 · 37.20 · 100.0
Other properties · 5 · 10 · 813 · 2.6 · 18.67 · 82.8
Total real property portfolio · 34 · 143 · 30,455 · 100.0 · 15.17 · 94.9
(1)Reflects the number of unique markets by category and in total. As such, the total number of markets does not equal the sum of the number of markets by category as certain categories are located in the same market.
(2)Amount calculated as total annualized base rent, which includes the impact of any contractual tenant concessions (cash basis) per the terms of the lease, divided by total lease square footage as of December 31, 2025.
($ and square feet in thousands) · Number of Properties · Investment in Real Estate Properties · % of Gross Investment Amount · Rentable Square Feet · % of Total Rentable Square Feet · % Leased (1)
Residential properties:
Atlanta, GA · 3 · 293,053 · 4.1 · 808 · 2.7 · 91.6
Central Florida · 3 · 437,556 · 6.1 · 958 · 3.1 · 92.9
Charlotte, NC · 2 · 170,305 · 2.4 · 487 · 1.6 · 91.9
Dallas, TX · 4 · 363,616 · 5.0 · 1,124 · 3.7 · 94.0
D.C. / Baltimore · 1 · 97,287 · 1.4 · 288 · 0.9 · 93.2
Denver, CO · 1 · 81,202 · 1.1 · 201 · 0.7 · 94.6
Pennsylvania · 1 · 93,615 · 1.3 · 235 · 0.8 · 88.8
Phoenix, AZ · 1 · 137,932 · 1.9 · 409 · 1.3 · 94.2
San Antonio, TX · 2 · 151,974 · 2.1 · 592 · 1.9 · 94.8
Seattle, WA · 1 · 123,952 · 1.7 · 208 · 0.7 · 93.7
South Florida · 4 · 466,512 · 6.5 · 1,202 · 4.0 · 95.5
Tucson, AZ · 1 · 126,020 · 1.7 · 208 · 0.7 · 87.3
Total residential properties (7,381 units) · 24 · 2,543,024 · 35.3 · 6,720 · 22.1 · 93.3
Industrial properties:
Atlanta, GA · 1 · 66,485 · 0.9 · 798 · 2.6 · 100.0
Bay Area, CA · 3 · 169,270 · 2.3 · 614 · 2.0 · 88.0
Central Florida · 6 · 244,809 · 3.4 · 1,413 · 4.6 · 85.8
Charlotte, NC · 1 · 22,729 · 0.3 · 208 · 0.7 · 100.0
Chicago, IL · 2 · 91,376 · 1.3 · 875 · 2.9 · 100.0
Cincinnati, OH · 2 · 34,115 · 0.5 · 395 · 1.3 · 55.2
Columbus, OH · 4 · 95,291 · 1.3 · 1,006 · 3.3 · 100.0
Dallas, TX · 5 · 201,876 · 2.8 · 1,896 · 6.2 · 100.0
D.C. / Baltimore · 6 · 148,677 · 2.1 · 1,108 · 3.6 · 100.0
Denver, CO · 2 · 59,289 · 0.8 · 365 · 1.2 · 100.0
Greater Boston · 4 · 142,307 · 2.0 · 577 · 1.9 · 100.0
Houston, TX · 5 · 140,183 · 1.9 · 1,210 · 4.0 · 100.0
Indianapolis, IN · 7 · 135,454 · 1.9 · 1,591 · 5.2 · 100.0
Las Vegas, NV · 2 · 33,790 · 0.5 · 276 · 0.9 · 100.0
Louisville, KY · 1 · 19,770 · 0.3 · 235 · 0.8 · 100.0
Metro New York · 2 · 29,960 · 0.4 · 172 · 0.6 · 100.0
New Jersey · 4 · 68,459 · 0.9 · 571 · 1.9 · 100.0
Pennsylvania · 3 · 100,701 · 1.4 · 564 · 1.9 · 78.7
Phoenix, AZ · 3 · 65,960 · 0.9 · 337 · 1.1 · 100.0
Portland, OR · 3 · 65,051 · 0.9 · 395 · 1.3 · 100.0
Reno, NV · 1 · 69,631 · 1.0 · 723 · 2.4 · 100.0
Richmond, VA · 4 · 87,652 · 1.2 · 618 · 2.0 · 100.0
Salt Lake City, UT · 2 · 144,262 · 2.0 · 916 · 3.0 · 94.6
San Antonio, TX · 4 · 115,993 · 1.6 · 970 · 3.2 · 100.0
San Diego, CA · 1 · 26,452 · 0.4 · 136 · 0.5 · 100.0
Seattle, WA · 2 · 114,208 · 1.6 · 410 · 1.3 · 100.0
South Florida · 1 · 15,197 · 0.2 · 76 · 0.2 · 100.0
Southern California · 2 · 69,060 · 0.9 · 209 · 0.7 · 100.0
Total industrial properties · 83 · 2,578,007 · 35.7 · 18,664 · 61.3 · 96.7
($ and square feet in thousands) · Number of Properties · Investment in Real Estate Properties · % of Gross Investment Amount · Rentable Square Feet · % of Total Rentable Square Feet · % Leased (1)
Retail properties:
Atlanta, GA · 1 · 58,726 · 0.8 · 328 · 1.1 · 100.0
Birmingham, AL · 1 · 45,458 · 0.7 · 193 · 0.6 · 95.5
D.C. / Baltimore · 1 · 41,440 · 0.6 · 131 · 0.4 · 100.0
Greater Boston · 10 · 268,075 · 3.7 · 982 · 3.2 · 96.1
New Jersey · 1 · 67,224 · 0.9 · 226 · 0.8 · 95.7
Raleigh, NC · 1 · 45,292 · 0.6 · 125 · 0.4 · 91.6
South Florida · 2 · 116,457 · 1.6 · 206 · 0.7 · 99.2
Tulsa, OK · 1 · 36,237 · 0.5 · 101 · 0.3 · 100.0
Total retail properties · 18 · 678,909 · 9.4 · 2,292 · 7.5 · 97.0
Office properties:
Austin, TX · 1 · 86,412 · 1.2 · 272 · 0.9 · 44.9
Item 2 of the 10-K filed Mar 6, 2026.5
Leadership
Who has led Ares Real Estate Income Trust Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerJeffrey L. Johnson Jan 17, 2013 to Aug 23, 201615
- ChairJames R. Mulvihill Jan 22, 2021 to Jan 31, 202216
- ChairRichard D. Kincaid Sep 10, 2012 to Feb 3, 202017
- ChairJohn A. Blumberg Apr 30, 2007 to Sep 6, 201118
- PresidentJay W. Glaubach Jan 18, 2023 to now19
- PresidentRajat Dhanda Apr 25, 2017 to Aug 3, 201820
- PresidentGuy M. Arnold Jan 10, 2008 to Jan 10, 200821
- PresidentMarc J. Warren Apr 30, 2007 to Apr 30, 200722
- Chief financial officerTaylor M. Paul Dec 15, 2023 to now23
- Chief financial officerLainie Minnick May 7, 2018 to May 7, 201824
- Chief financial officerJames R. Giuliano Iii. Apr 30, 2007 to Apr 30, 200725
- Chief operating officerAustin Windsor Lehr Aug 19, 2010 to Apr 30, 201426
- Chief operating officerJohn E. Biallas Apr 30, 2007 to Apr 30, 200727
Board members and other officers (16)
- Head of Asset ManagementScott W. Recknor Sep 6, 2017 to Sep 6, 201728
- Chief Administrative OfficerGary M. Reiff Oct 24, 2017 to Oct 24, 201729
- Executive Vice PresidentGregory M. Moran Dec 9, 2014 to Feb 5, 201630
- SecretaryTroy J. Bloom Apr 30, 2007 to Apr 30, 200731
- Chief Acctg Officer & TreasSonya J. Rosenbach Aug 29, 2007 to Aug 29, 200732
- SVP Gen Counsel & SecretaryJoshua J. Widoff Sep 6, 2007 to Feb 27, 201533
- Board memberBryan B. Sanchez Apr 14, 2026 to now34
- Board memberAndrew Erlich Holm Apr 14, 2025 to now35
- Board memberPaula Schaefer Apr 14, 2025 to now36
- Board memberJay W. Glaubach Jan 18, 2023 to now19
- Board memberBrian Mathis Sep 10, 2021 to now37
- Board memberJames R. Mulvihill Oct 17, 2018 to Jun 3, 202038
- Board memberJohn A. Blumberg Mar 28, 2013 to Apr 9, 201839
- Board memberCharles B. Duke Apr 30, 2007 to now40
- Board memberJohn P. Woodberry Apr 30, 2007 to now41
- Board memberMarc J. Warren Apr 30, 2007 to Apr 30, 200722
Named in SEC Form D filings
People the company listed in its private-offering notices.
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- ADREX 1031 California Lender LLC Delaware4
- ADREX 1031 Lender Diversified 10 LLC Delaware4
- ADREX 1031 Lender Diversified 11 LLC Delaware4
- ADREX 1031 Lender Diversified 3 LLC Delaware4
- ADREX 1031 Lender Diversified 4 LLC Delaware4
- ADREX 1031 Lender Diversified 5 LLC Delaware4
- ADREX 1031 Lender Diversified 6 LLC Delaware4
- ADREX 1031 Lender Diversified 7 LLC Delaware4
- ADREX 1031 Lender Diversified 8 LLC Delaware4
- ADREX 1031 Lender Diversified 9 LLC Delaware4
- ADREX 1031 Lender LLC Delaware4
- ADREX 56 th Ave IC DST Delaware4
- ADREX Arlington DC DST Delaware4
- ADREX Artizia DST Delaware4
- ADREX Boca Apartments DST Delaware4
- ADREX Chantilly IC DST Delaware4
- ADREX Constitution Drive LC DST Delaware4
- ADREX Diversified 10 DST Delaware4
- ADREX Diversified 10 Manager LLC Delaware4
- ADREX Diversified 10 Master Tenant LLC Delaware4
- ADREX Diversified 10 TRS LLC Delaware4
- ADREX Diversified 11 LLC Delaware4
- ADREX Diversified 11 Manager LLC Delaware4
- ADREX Diversified 11 Master Tenant LLC Delaware4
All 334 listed subsidiaries
- ADREX Diversified 11 TRS LLC Delaware4
- ADREX Diversified 3 DST Delaware4
- ADREX Diversified 3 Manager LLC Delaware4
- ADREX Diversified 3 Master Tenant LLC Delaware4
- ADREX Diversified 3 TRS LLC Delaware4
- ADREX Diversified 4 DST Delaware4
- ADREX Diversified 4 Manager LLC Delaware4
- ADREX Diversified 4 Master Tenant LLC Delaware4
- ADREX Diversified 4 TRS LLC Delaware4
- ADREX Diversified 5 DST Delaware4
- ADREX Diversified 5 Manager LLC Delaware4
- ADREX Diversified 5 Master Tenant LLC Delaware4
- ADREX Diversified 5 TRS LLC Delaware4
- ADREX Diversified 6 DST Delaware4
- ADREX Diversified 6 Manager LLC Delaware4
- ADREX Diversified 6 Master Tenant LLC Delaware4
- ADREX Diversified 6 TRS LLC Delaware4
- ADREX Diversified 7 DST Delaware4
- ADREX Diversified 7 Manager LLC Delaware4
- ADREX Diversified 7 Master Tenant LLC Delaware4
- ADREX Diversified 7 TRS LLC Delaware4
- ADREX Diversified 8 DST Delaware4
- ADREX Diversified 8 Manager LLC Delaware4
- ADREX Diversified 8 Master Tenant LLC Delaware4
- ADREX Diversified 8 TRS LLC Delaware4
- ADREX Diversified 9 DST Delaware4
- ADREX Diversified 9 Manager LLC Delaware4
- ADREX Diversified 9 Master Tenant LLC Delaware4
- ADREX Diversified 9 TRS LLC Delaware4
- ADREX Eden DST Delaware4
- ADREX Fairfield CC DST Delaware4
- ADREX Fort Myers Self-Storage DST Delaware4
- ADREX Fort Worth DC DST Delaware4
- ADREX Foster CC DST Delaware4
- ADREX Glen Afton IC DST Delaware4
- ADREX Greenfield DC DST Delaware4
- ADREX Grove City LC DST Delaware4
- ADREX Jacksonville Self-Storage DST Delaware4
- ADREX Jessup IC DST Delaware4
- ADREX Johns Creek DST Delaware4
- ADREX Junction Drive DC DST Delaware4
- ADREX Manager LLC Delaware4
- ADREX Master Tenant LLC Delaware4
- ADREX Mercury DST Delaware4
- ADREX Metro North IC DST Delaware4
- ADREX Miami NW 114 th IC DST Delaware4
- ADREX New Albany IC DST Delaware4
- ADREX Newtown Square Self-Storage DST Delaware4
- ADREX Norfolk Self-Storage DST Delaware4
- ADREX North Harney IC DST Delaware4
- ADREX Northlake LC DST Delaware4
- ADREX Norwood Storage DST Delaware4
- ADREX Orchard Gateway LC DST Delaware4
- ADREX Pima Street LC DST Delaware4
- ADREX Pine Vista IC DST Delaware4
- ADREX Pinellas Park Self-Storage DST Delaware4
- ADREX Railhead DC DST Delaware4
- ADREX Redmond DST Delaware4
- ADREX Research Drive LC DST Delaware4
- ADREX Richmond Airport LC I DST Delaware4
- ADREX Richmond Airport LC II DST Delaware4
- ADREX Richmond Airport LC III DST Delaware4
- ADREX Sarasota Self-Storage DST Delaware4
- ADREX Sharon Hill Self-Storage DST Delaware4
- ADREX Signature Series DST Delaware4
- ADREX Signature Series Manager LLC Delaware4
- ADREX Signature Series Master Tenant LLC Delaware4
- ADREX Signature Series TRS LLC Delaware4
- ADREX Southpark LC I DST Delaware4
- ADREX Southpark LC II DST Delaware4
- ADREX Southpark LC III DST Delaware4
- ADREX Sugar Land CC DST Delaware4
- ADREX Trevose Self-Storage DST Delaware4
- ADREX Tri County Parkway IC DST Delaware4
- ADREX Wes Warren IC DST Delaware4
- ADREX Whitestown DC I DST Delaware4
- ADREX Whitestown DC II DST Delaware4
- ADREX Whitestown DC III DST Delaware4
- ADREX Woodinville DC DST Delaware4
- ADREX Zaterra DST Delaware4
- AREIT 107 Morgan Lane LLC Delaware4
- AREIT 107 Morgan Lane Lease Management LLC Delaware4
- AREIT 2024 P1 LLC Delaware4
- AREIT Acquisitions LLC Delaware4
- AREIT Andover Member LLC Delaware4
- AREIT Andover Platform LLC Delaware4
- AREIT Andover Services LLC Delaware4
- AREIT Artizia Borrower LLC Delaware4
- AREIT Artizia Holdco LLC Delaware4
- AREIT Atlantic Ave Parent Member LLC Delaware4
- AREIT Beltway Commerce LLC Delaware4
- AREIT Brockton IC LLC Delaware4
- AREIT Cary Self-Storage LLC Delaware4
- AREIT Chancellor Drive LLC Delaware4
- AREIT Chantilly IC Borrower LLC Delaware4
- AREIT Chantilly IC Holdco LLC Delaware4
- AREIT Chester LLC Delaware4
- AREIT City View LLC Delaware4
- AREIT Clearwater LLC Delaware4
- AREIT Constitution Drive LC Borrower LLC Delaware4
- AREIT Constitution Drive LC Holdco LLC Delaware4
- AREIT Dallas Cityline LLC Delaware4
- AREIT Dallas Wycliff LLC Delaware4
- AREIT Debt Securities Holdco LLC Delaware4
- AREIT Diversified 3 DST Holder LLC Delaware4
- AREIT East Columbia ICLLC Delaware4
- AREIT Elkton CC LLC Delaware4
- AREIT Enterprise Way IC LLC Delaware4
- AREIT Exchange REIT Holdco LLC Delaware4
- AREIT Exchange REIT LLC Delaware4
- AREIT Fairfield CC Borrower LLC Delaware4
- AREIT Fairfield CC Holdco LLC Delaware4
- AREIT Fort Worth IC LLC Delaware4
- AREIT Fort Worth IC Lease Management LLC Delaware4
- AREIT Foster CC Borrower LLC Delaware4
- AREIT Foster CC Holdco LLC Delaware4
- AREIT Foster CC LLC Delaware4
- AREIT Franklin LC LLC Delaware4
- AREIT General Washington IC LLC Delaware4
- AREIT Gillingham IC GP LLC Delaware4
- AREIT Gillingham IC LP Delaware4
- AREIT Gillingham IC Lease Management LLC Delaware4
- AREIT Greenfield DC Borrower LLC Delaware4
- AREIT Greenfield DC Holdco LLC Delaware4
- AREIT Greenwood Business Center LLC Delaware4
- AREIT Harborside LLC Delaware4
- AREIT Industrial Drive IC LLC Delaware4
- AREIT Intermountain Space Center LLC Delaware4
- AREIT JDC Member LLC Delaware4
- AREIT JV Credit Facility Holdco LLC Delaware4
- AREIT Jacksonville Self-Storage Borrower LLC Delaware4
- AREIT Jacksonville Self-Storage Holdco LLC Delaware4
- AREIT Jessup IC Lease Management LLC Delaware4
- AREIT Junction Drive DC Lease Management LLC Delaware4
- AREIT Kenzie Borrower LLC Delaware4
- AREIT Kenzie Holdco LLC Delaware4
- AREIT Kenzie LLC Delaware4
- AREIT Laredo Logistics Center LLC Delaware4
- AREIT Las Vegas IC I LLC Delaware4
- AREIT Las Vegas IC II LLC Delaware4
- AREIT MC European Real Estate Debt Holdco LLC Delaware4
- AREIT MC US RE JV Member LLC Delaware4
- AREIT MF10 LLC Delaware4
- AREIT MF11 LLC Delaware4
- AREIT MF12 LLC Delaware4
- AREIT MF2 LLC Delaware4
- AREIT MF3 LLC Delaware4
- AREIT MF4 LLC Delaware4
- AREIT MF5 LLC Delaware4
- AREIT MF6 LLC Delaware4
- AREIT MF7 LLC Delaware4
- AREIT MF8 LLC Delaware4
- AREIT MF9 LLC Delaware4
- AREIT Manor Riverwalk LLC Delaware4
- AREIT Manor Riverwalk Parent JV Member LLC Delaware4
- AREIT Maplewood Drive IC LLC Delaware4
- AREIT Moreno Valley DC LP Delaware4
- AREIT Moreno Valley GP LLC Delaware4
- AREIT NLD JV Aggregator Member LLC Delaware4
- AREIT Net Lease Portfolio Aggregator Member LLC Delaware4
- AREIT New Albany IC Borrower LLC Delaware4
- AREIT New Albany IC Holdco LLC Delaware4
- AREIT New Town Square Self-Storage LLC Delaware4
- AREIT Norfolk Self-Storage Borrower LLC Delaware4
- AREIT Norfolk Self-Storage Holdco LLC Delaware4
- AREIT North 5 th Street CC Holdco I LLC Delaware4
- AREIT North 5 th Street CC Holdco II LLC Delaware4
- AREIT North 5 th Street CC Holdco LLC Delaware4
- AREIT North 5 th Street CC LLC Delaware4
- AREIT Nova I LLC Delaware4
- AREIT Nova II LLC Delaware4
- AREIT Ohio LC Borrower LLC Delaware4
- AREIT Ohio LC Holdco LLC Delaware4
- AREIT Ohio LC LLC Delaware4
- AREIT Operating Partnership LP Delaware4
- AREIT PDC Common Holdings LLC Delaware4
- AREIT PDC Pref Investor LLC Delaware4
- AREIT Park Oaks LLC Delaware4
- AREIT Phoenix IC LLC Delaware4
- AREIT Plainfield Logistics Center LLC Delaware4
- AREIT Preston Sherry LLC Delaware4
- AREIT Property Management LLC Delaware4
- AREIT Railhead DC Borrower LLC Delaware4
- AREIT Railhead DC Holdco LLC Delaware4
- AREIT Real Estate Holdco LLC Delaware4
- AREIT Research Drive LC Borrower LLC Delaware4
- AREIT Research Drive LC Holdco LLC Delaware4
- AREIT Richmond Airport LC III Borrower LLC Delaware4
- AREIT Richmond Airport LC III Holdco LLC Delaware4
- AREIT Richmond Airport LC IV LLC Delaware4
- AREIT Salt Pond LLC Delaware4
- AREIT San Stone Oak GP LLC Delaware4
- AREIT San Stone Oak LP Delaware4
- AREIT San Vance LLC Delaware4
- AREIT Shenandoah Square LLC Delaware4
- AREIT Skyline Drive LLC Delaware4
- AREIT Southpark LC III Borrower LLC Delaware4
- AREIT Southpark LC III Holdco LLC Delaware4
- AREIT Stafford Grove IP GP LLC Delaware4
- AREIT Stafford Grove IP LP Delaware4
- AREIT Suniland LLC Delaware4
- AREIT TRS Holdco I LLC Delaware4
- AREIT TRS Holdco LLC Delaware4
- AREIT TRS Holdings LLC Delaware4
- AREIT TRS LF Borrower LLC Delaware4
- AREIT TRS Lender LLC Delaware4
- AREIT Tempe IC LLC Delaware4
- AREIT The Palms LLC Delaware4
- AREIT Transport Drive CC LLC Delaware4
- AREIT UK Fragco 1 LLC Delaware4
- AREIT UK Fragco 2 LLC Delaware4
- AREIT UK Fragco 3 LLC Delaware4
- AREIT UK Holdco LLC Delaware4
- AREIT VM8 Logistics Center GP LLC Delaware4
- AREIT VM8 Logistics Center LP Delaware4
- AREIT Vue Parent JV Member LLC Delaware4
- AREIT Wes Warren IC Borrower LLC Delaware4
- AREIT Wes Warren IC Holdco LLC Delaware4
- AREIT Western Food Center LLC Delaware4
- AREIT Whitestown DC III Borrower LLC Delaware4
- AREIT Whitestown DC III Holdco LLC Delaware4
- AREIT Yale Village LLC Delaware4
- AREIT Zaterra Borrower LLC Delaware4
- AREIT Zaterra Holdco LLC Delaware4
- AREIT-McDowell Vue Parent LLC Delaware4
- AREIT-PRH Manor Riverwalk Parent LLC Delaware4
- Ares Diversified Real Estate Exchange LLC Delaware4
- BC Exchange Perimeter Manager LLC Delaware4
- BCD TRS Corp. Delaware4
- BCD TRS Services LLC Delaware4
- BCDPF 25 Linden Industrial Center LLC Delaware4
- BCDPF 250 Radar Holdco 1 LLC Delaware4
- BCDPF 250 Radar Holdco 2 LLC Delaware4
- BCDPF 250 Radar Holdco LLC Delaware4
- BCDPF 395 Logistics Center LLC Delaware4
- BCDPF Air Tech DC II LLC Delaware4
- BCDPF Air Tech DC III LLC Delaware4
- BCDPF Air Tech DC LLC Delaware4
- BCDPF Airway Industrial Park GP LLC Delaware4
- BCDPF Airway Industrial Park LP Delaware4
- BCDPF Aurora DC LLC Delaware4
- BCDPF Barrow Crossing LLC Delaware4
- BCDPF Barrow Crossing Pad II LLC Delaware4
- BCDPF Barrow Crossing Pad III LLC Delaware4
- BCDPF Bay Area Commerce Center GP LLC Delaware4
- BCDPF Bay Area Commerce Center LP Delaware4
- BCDPF Campus Drive IC LLC Delaware4
- BCDPF Cayco LLC Delaware4
- BCDPF Clayton Commerce Center LLC Delaware4
- BCDPF Florence Logistics Center LLC Delaware4
- BCDPF Juno Winter Park LLC Delaware4
- BCDPF Kaiser Business Center LLC Delaware4
- BCDPF Little Orchard Business Park GP LLC Delaware4
- BCDPF Little Orchard Business Park LP Delaware4
- BCDPF Long Island Logistics Center LLC Delaware4
- BCDPF Northgate DC LLC Delaware4
- BCDPF Radar Distribution Center LLC Delaware4
- BCDPF Railhead DC GP LLC Delaware4
- BCDPF Railhead DC LP Delaware4
- BCDPF Springdale LLC Delaware4
- BCDPF Sterling IC LLC Delaware4
- BCDPF Tempe Student Housing Portfolio JV Member LLC Delaware4
- BCDPF Tempe Student Housing Portfolio LLC Delaware4
- BCDPF The Daley at Shady Grove LLC Delaware4
- BCDPF Tri County DC II LLC Delaware4
- BCDPF Tri County DC LLC Delaware4
- BCDPF Tustin Business Center GP LLC Delaware4
- BCDPF Tustin Business Center LP Delaware4
- BCDPF Vasco IC LLC Delaware4
- BCDPF Village at Lee Branch LLC Delaware4
- BCDPF World Connect Logistics Center LLC Delaware4
- Bala Pointe GP, LLC Delaware4
- Bala Pointe Owner LP Delaware4
- Core Tucson Main Gate LLC Delaware4
- DCTRT Bala Pointe GP LLC Delaware4
- DCTRT Bala Pointe LP Delaware4
- DCTRT REPO Holdco LLC Delaware4
- DCTRT Securities Holdco LLC Delaware4
- DCTRT Springing Member Inc. Delaware4
- DPF 1031 Parent LLC Delaware4
- DPF 1600 Woodbury Avenue LLC Delaware4
- DPF Beaver Creek GP LLC Delaware4
- DPF Beaver Creek LP Delaware4
- DPF Cherry Creek LLC Delaware4
- DPF LOC Lender LLC Delaware4
- DPF Mashpee LLC Delaware4
- DPF Mashpee Manager LLC Delaware4
- DPF Sandwich LLC Delaware4
- DPF Services LLC Delaware4
- Div Cap Bala Pointe I General Partnership Delaware4
- NLD JV Credit Facility Holdco LLC Delaware4
- Perimeter Town Center Master Condominium Association, Inc. Georgia4
- Southcape Village, LLC Massachusetts4
- TRT 1300 Connecticut Avenue Owner LLC Delaware4
- TRT 270 Center Holdings LLC Delaware4
- TRT 270 Center Owner LLC Delaware4
- TRT Flying Cloud Drive LLC Delaware4
- TRT Harborside LLC Delaware4
- TRT Hyannis LLC Delaware4
- TRT Lending LLC Delaware4
- TRT Lending Subsidiary I Holdco LLC Delaware4
- TRT Lending Subsidiary I LLC Delaware4
- TRT Lending Subsidiary II Holdco LLC Delaware4
- TRT Lending Subsidiary II LLC Delaware4
- TRT Meriden LLC Delaware4
- TRT New Bedford LLC Delaware4
- TRT Saugus LLC Delaware4
- TRT Wareham LLC Delaware4
- TRT Weymouth III LLC Delaware4
- TRT Whitman 475 Bedford LLC Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Oct 15, 20268-K Other events43
- Oct 7, 20268-K Unregistered sale of shares44
- Sep 16, 20268-K Other events45
- Sep 8, 20268-K Unregistered sale of shares46
- Aug 17, 20268-K Other events47
- Aug 11, 20268-K Other events48
- Aug 7, 20268-K Unregistered sale of shares; Shareholder vote; Other events49
- Jul 17, 20268-K Other events50
- Jul 8, 20268-K Unregistered sale of shares51
- Jun 24, 20268-K Shareholder vote52
- Jun 15, 20268-K Other events53
- Jun 4, 20268-K Entered a material agreement; Unregistered sale of shares54
- Jan 17, 2013New chief executive Jeffrey L. Johnson becomes CEO15
Filings
293 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 109 major events, 35 insider forms, 3 private raises, 125 other. The latest 20:
- Oct 15, 20268-K EDGAR
- Oct 7, 20268-K EDGAR
- Sep 16, 20268-K EDGAR
- Sep 8, 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 7, 20268-K EDGAR
- Jul 17, 20268-K EDGAR
- Jul 8, 20268-K EDGAR
- Jul 2, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Jun 24, 2026DEFA14A EDGAR
- Jun 24, 20268-K EDGAR
- Jun 15, 20268-K EDGAR
- Jun 4, 20268-K EDGAR
The 293 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
3 open-market trades by officers, directors and large owners since October 2021: 3 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 1, 2024 | Paul Taylor M.CFO and Treasurer | Buy | 6,511 | $7.68 | $50.0K | Form 4 |
| Apr 1, 2023 | Roth David ADirector | Buy | 28,736 | $8.70 | $250.0K | Form 4 |
| Apr 1, 2023 | Glaubach Jay W.Partner, Co-President | Buy | 57,472 | $8.70 | $500.0K | Form 4 |
From Forms 4 filed with the SEC.
Money raised
Private offerings the company reported to the SEC on Form D.
- Sep 1, 2024Raised $715.1 million in a private offering of equity Form D: 1,960 investors so far Form D
SEC filer profile
How Ares 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 Real Estate Income Trust Inc.1
- CIK0001327978
- Employer ID (EIN)30-03090685
- 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 addressOne Tabor Center, 1200 Seventeenth Street, Suite 2900, Denver, CO 802021
- Phone(303)228-22001
- Shares outstanding22,238,816 Class TR Shares shares; 35,429,004 Class SR Shares shares; 5,632,922 Class DR Shares shares; 63,344,986 Class IR Shares shares; 39,516,550 Common Class E shares; 7,792,918 Class SPR Shares shares; 403,479 Class DPR Shares shares; 11,176,117 Class IPR Shares shares; 25,409,732 Common Class B 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 sinceMay 27, 20051
- Filings1,434 in all: 8-K (394), 424B3 (277), 4 (122), POS EX (100), 10-Q (62), DEFA14A (56), UPLOAD (44), EFFECT (40)1
All 43 form types
POS AM (40), CORRESP (39), 3 (33), SC TO-I/A (28), 10-K (21), DEF 14A (20), S-11/A (20), SC TO-T/A (16), 8-K/A (13), ARS (13), SC TO-I (10), D (9), SC TO-T (8), 40-APP/A (7), FWP (6), PRE 14A (6), S-11 (6), S-3DPOS (6), SC 14D9 (6), SC 14D9/A (6), IRANNOTICE (4), 10-K/A (3), 10-Q/A (2), 40-APP (2), 8-A12G (2), D/A (2), DEFR14A (2), NO ACT (2), 424B4 (1), 8-A12G/A (1), PRER14A (1), S-3 (1), S-3D (1), S-8 (1), SC TO-C (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 Real Estate Income Trust Inc. names in Item 1A of its 10-K filed Mar 6, 2026: 76 risks under these headings, as written.5
- RISKS RELATED TO INVESTING IN SHARES OF OUR COMMON STOCK
- 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 sell their shares to us, our stockholders may receive less than the price they paid.
- Our continuous private offering (the “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.
- Our ability to redeem our stockholders’ shares may be limited, and 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.
- 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 are expected to be used to satisfy redemption requests, and such portion of the proceeds may be substantial.
- We have experienced periods in the past in which redemption demand exceeded redemption capacity, and we could experience such situations again in the future.
- Historical returns may be presented over limited timeframes and are inherently limited in their applicability to the future.
- Stockholders will not have the opportunity to evaluate future investments we will make with the proceeds raised in our securities offerings prior to purchasing shares of our common stock.
- We may not be able to raise significant funds in our securities offerings.
The other 65 risks
- 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 offering, 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.
- 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 other appraisers that we hire to value and appraise our real property portfolio.
- Our NAV is not subject to U.S. generally accepted accounting principles (“GAAP”), will not be independently audited and will involve 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.
- New acquisitions may be valued for purposes of our NAV at less than what we pay for them, which would dilute our NAV, or at more than what we pay for them, which would be accretive to 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 current and future securities offerings.
- 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.
- Stockholders do not have the benefit of an independent due diligence review in connection with our securities offerings which increases the risk of their investment.
- 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 stockholders is uncertain.
- We have paid and may continue to pay distributions from sources other than our cash flow from operations, including, without limitation, the sale of assets, borrowings or offering proceeds, and we have no limits on the amounts we may pay from such sources.
- If we raise substantial offering proceeds in a short period of time, we may not be able to invest all of the net offering proceeds promptly, which may cause our distributions and the long-term returns to our investors to be lower than they otherwise would.
- 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.
- Payment of fees and expenses to the Advisor 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 are required to pay substantial compensation to the Advisor and its affiliates, which may be increased or decreased during our securities offerings or future offerings by a majority of our board of directors, including a majority of the independent directors.
- We are dependent upon the Advisor and its affiliates to conduct our operations and our securities offerings; thus, adverse changes in their financial health or our relationship with them could cause our operations to suffer.
- If we were to internalize our management or if another investment program, whether sponsored or advised by affiliates of the Sponsor or otherwise, conducts its own internalization transaction, we could incur significant costs and/or our business could be harmed.
- We have broad authority to incur debt, and high debt levels could hinder our ability to make distributions and could decrease the value of our stockholders’ investment in shares of our common stock.
- We are dependent on our customers for revenue, and our inability to lease our properties or to collect rent from our customers would adversely affect our results of operations, NAV and returns to our stockholders.
- We are active portfolio managers and will incur transaction and transition costs each time that we acquire or dispose of an asset.
- In order to maintain what we deem to be sufficient liquidity for our 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.
- RISKS RELATED TO CONFLICTS OF INTEREST
- The Advisor faces a conflict of interest because the fees it receives for services performed are based on our NAV, the procedures for which the Advisor will assist our board of directors in developing, overseeing, implementing and coordinating.
- The Advisor’s fee may not create proper incentives or may induce the Advisor and its affiliates to make certain investments, including speculative investments, that increase the risk of our real property portfolio.
- The Advisor’s management personnel face conflicts of interest relating to time management and there can be no assurance that the Advisor’s management personnel will devote adequate time to our business activities or that the Advisor will be able to hire adequate additional employees.
- The Advisor and its affiliates, including our officers and three of our directors, face conflicts of interest caused by compensation arrangements with us and other entities sponsored or advised by affiliates of the Sponsor, which could result in actions that are not in our stockholders’ best interests.
- When considering whether to recommend investments through a joint venture or other co-ownership arrangement, the fee arrangements between the Advisor and the proposed joint venture partner may incentivize the Advisor to recommend investing a greater proportion of our resources in joint venture investments than may be in our stockholders’ best interests.
- The time and resources that entities sponsored or advised by affiliates of the Sponsor devote to us may be diverted and we may face additional competition due to the fact that these entities are not prohibited from raising money for another entity that makes the same types of investments that we target.
- We may enter into joint ventures, co-investment or other arrangements with affiliates of the Sponsor or entities sponsored or advised by affiliates of the Sponsor to acquire, develop and/or manage property, debt and other investments; such investments may raise potential conflicts of interest between us and such other investment vehicles managed by the Advisor or its affiliates.
- The fees we pay to entities sponsored or advised by affiliates of the Sponsor in connection with our offerings of securities and in connection with the management of our investments were not determined on an arm’s-length basis, and therefore, we do not have the benefit of arm’s-length negotiations of the type normally conducted between unrelated parties.
- We compete with entities sponsored or advised by affiliates of the Sponsor, for whom affiliates of the Sponsor provide certain advisory or management services, for opportunities to acquire, lease, finance, or sell investments, and for customers, which may have an adverse impact on our operations.
- The Advisor may manage other investment vehicles (including public, non-listed REITs) that have investment objectives that compete or overlap with, and may from time to time invest in, our target asset classes.
- We may invest in, acquire, sell assets to or provide financing to investment vehicles managed by the Advisor or its affiliates.
- Given the significant number of investment vehicles managed by the Advisor or its affiliates, we may face conflicts of interest when determining whether to pursue a transaction with such investment vehicles or their portfolio companies, which could limit our ability to pursue transactions that are otherwise suitable for us.
- The Advisor is subject to extensive regulation as an investment adviser, which could adversely affect its ability to manage our business.
- We have purchased and may in the future purchase assets from third parties who have existing or previous business relationships with affiliates or other related entities of the Sponsor; as a result, in any such transaction, we may not have the benefit of arm’s-length negotiations of the type normally conducted between unrelated parties.
- RISKS RELATED TO ADVERSE CHANGES IN GENERAL ECONOMIC CONDITIONS
- Uncertainty and volatility in the credit markets could affect our ability to obtain debt financing on reasonable terms, or at all, which could reduce the number of properties we may be able to acquire and the amount of cash distributions we can make to our stockholders.
- Economic events that may cause our stockholders to request that we redeem their shares may materially adversely affect our cash flow and our ability to achieve our investment objectives.
- Inflation, changing interest rates or deflation may adversely affect our financial condition and results of operations.
- Our business is dependent on bank relationships and strain from the banking system may severely impact us. Similarly, the failure of any banking institution in which we deposit our funds could have an adverse effect on our results of operations, financial condition and ability to pay distributions to our stockholders.
- 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 OUR GENERAL BUSINESS OPERATIONS AND OUR CORPORATE STRUCTURE
- 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.
- A major public health crisis, pandemic or epidemic could disrupt the U.S. and global economies and industries in which we operate and negatively impact us.
- 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.
- 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.
- We depend on the Advisor and its key personnel; if any of such key personnel were to cease employment with the Advisor, our business could suffer.
- Our board of directors determines our major policies and operations, which increases the uncertainties faced by our stockholders.
- 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 assume unknown liabilities in connection with acquisitions which could result in unexpected liabilities and expenses.
- 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 or defer an unsolicited acquisition of us or a change of our control.
- The Operating Partnership’s private placements of beneficial interests in specific Delaware statutory trusts 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 Program Loans to acquire DST Interests as part of the DST Program may default on such loans.
- 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’ right to bring claims against our officers and 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.
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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- 16SEC EDGARJames R. Mulvihill, Chair
- 17SEC EDGARRichard D. Kincaid, Chair
- 18SEC EDGARJohn A. Blumberg, Chair
- 19SEC EDGARJay W. Glaubach, President
- 20SEC EDGARRajat Dhanda, President
- 21SEC EDGARGuy M. Arnold, President
- 22SEC EDGARMarc J. Warren, President
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- 31SEC EDGARTroy J. Bloom, Secretary
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- 34SEC EDGARBryan B. Sanchez, Board member
- 35SEC EDGARAndrew Erlich Holm, Board member
- 36SEC EDGARPaula Schaefer, Board member
- 37SEC EDGARBrian Mathis, Board member
- 38SEC EDGARJames R. Mulvihill, Board member
- 39SEC EDGARJohn A. Blumberg, Board member
- 40SEC EDGARCharles B. Duke, Board member
- 41SEC EDGARJohn P. Woodberry, Board member
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- 43SEC EDGAROther events
- 44SEC EDGARUnregistered sale of shares
- 45SEC EDGAROther events
- 46SEC EDGARUnregistered sale of shares
- 47SEC EDGAROther events
- 48SEC EDGAROther events
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- 50SEC EDGAROther events
- 51SEC EDGARUnregistered sale of shares
- 52SEC EDGARShareholder vote
- 53SEC EDGAROther events
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