Ares Real Estate Income Trust Inc.

NAV per share fell 6.5% from $5.71 to $5.33 (2011-06-30).
NAV per share fell 6.5% from $5.71 to $5.33 (2011-06-30). (Rule B12: NAV per share drop, severe: >= 5% decline month over month; Urgent.)

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (2025-04-07)
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As previously reported in the Current Report on Form 8-K filed by Ares Real Estate Income Trust Inc. (referred to herein as the “Company,” “we,” “our,” or “us”) with the Securities and Exchange Commission on April 7, 2025, on April 1, 2025, Scott Recknor, the Company’s Head of Asset Management, notified the Company of his decision to retire. The Company and Mr. Recknor have determined that Mr. Recknor’s retirement will be effective as of June 6, 202

Net flows deteriorated to $-40.9M from $-44.0M (period ended 2024-09-30).
Net flows deteriorated to $-40.9M from $-44.0M (period ended 2024-09-30). (Rule C15: Net-flow deterioration: net flows negative; Notify.)

below) will be sold through the Dealer Manager. (2024-08-02)
below) will be sold through the Dealer Manager. Subject to certain dealers’ right to retain selling commissions and dealer manager fees directly from investors, as described in such dealers’ selected dealer agreements, the Company will pay to the Dealer Manager selling commissions in the amount of up to 3.0%, and dealer manager fees in the amount of up to 1.5%, of the offering price per share of each sale of Class S-PR Common Shares sold in the primary portion of the Private Offering, provided, however that such amounts may vary for sales through certain dealers as provided in such dealers’ se

Net flows deteriorated to $-44.0M from $-21.9M (period ended 2024-06-30).
Net flows deteriorated to $-44.0M from $-21.9M (period ended 2024-06-30). (Rule C15: Net-flow deterioration: net flows negative; Notify.)

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (2024-06-05)
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As previously reported in our Current Report on Form 8-K filed with the Securities and Exchange Commission on June 5, 2024, on May 30, 2024, Ms. Lainie Minnick informed Ares Real Estate Income Trust Inc. (referred to herein as the “Company,” “we,” “our,” or “us”) that she will step down as the Company’s Head of Debt Capital Markets for personal reasons. The Company and Ms. Minnick have determined that Ms. Minnick’s resignation will be effective as o

NAV per share ($7.61) is 1.3% below its trailing four-observation average ($7.71) as of 2024-05-31.
NAV per share ($7.61) is 1.3% below its trailing four-observation average ($7.71) as of 2024-05-31. (Rule C23: Sustained NAV decline: NAV per share >= 2% below its trailing 4-observation average; Notify.)

NAV per share ($7.68) is 1.6% below its trailing four-observation average ($7.80) as of 2024-04-30.
NAV per share ($7.68) is 1.6% below its trailing four-observation average ($7.80) as of 2024-04-30. (Rule C23: Sustained NAV decline: NAV per share >= 2% below its trailing 4-observation average; Notify.)

NAV per share ($7.70) is 2.4% below its trailing four-observation average ($7.89) as of 2024-03-31.
NAV per share ($7.70) is 2.4% below its trailing four-observation average ($7.89) as of 2024-03-31. (Rule C23: Sustained NAV decline: NAV per share >= 2% below its trailing 4-observation average; Notify.)

Net flows deteriorated to $-32.6M from $-21.7M (period ended 2023-09-30).
Net flows deteriorated to $-32.6M from $-21.7M (period ended 2023-09-30). (Rule C15: Net-flow deterioration: net flows negative; Notify.)

NAV per share ($8.25) is 1.3% below its trailing four-observation average ($8.36) as of 2023-08-31.
NAV per share ($8.25) is 1.3% below its trailing four-observation average ($8.36) as of 2023-08-31. (Rule C23: Sustained NAV decline: NAV per share >= 2% below its trailing 4-observation average; Notify.)

Adoption of Tenth Amended and Restated Bylaws On March 2, 2023, the Board of Directors of Ares Real Estate Income Trust Inc. (2023-03-02)
Adoption of Tenth Amended and Restated Bylaws On March 2, 2023, the Board of Directors of Ares Real Estate Income Trust Inc. (the “Company”) adopted and approved, effective immediately, amended and restated bylaws (the “Tenth Amended and Restated Bylaws”). Among other things, the Tenth Amended and Restated Bylaws update certain procedural requirements for the submission of stockholder nominees as a result of the effectiveness of Rule 14a-19 under the Exchange Act, including: ● requiring that any stockholder submitting a nomination make a representation that such stockholder intends, or is part

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (2023-01-10)
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Changes to the Board of Directors On January 10, 2023, the board of directors (the “Board”) of Ares Real Estate Income Trust Inc. (referred to herein as the “Company,” “we,” “our,” or “us”) appointed David A. Roth as Chair of the Board. This action was in connection with James R. Mulvihill informing Ares Management Corporation (“Ares Management”) and the Company that, having successfully transitioned the Black Creek Group business sold to Ares Manag

Articles of Amendment Effective November 30, 2021, we amended our charter by filing Articles of Amendment to change our name from “Black Creek Diversified Property Fund Inc.” to... (2021-12-03)
Articles of Amendment Effective November 30, 2021, we amended our charter by filing Articles of Amendment to change our name from “Black Creek Diversified Property Fund Inc.” to “Ares Real Estate Income Trust Inc.” The Articles of Amendment have been filed as an exhibit to this Current Report on Form 8-K. Ninth Amended and Restated Bylaws Effective November 30, 2021, we adopted the Ninth Amended and Restated Bylaws. Other than updating our name, the new bylaws are unchanged from the prior version. The new bylaws have been filed as an exhibit to this Current Report on Form 8-K. Item 8.01. Other

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (2020-03-25)
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. We are sad to report the unfortunate passing of a leader on our board of directors, Richard Kincaid. On March 25, 2020, the board of directors of Black Creek Diversified Property Fund Inc. (referred to herein as the “Company,” “we,” “our,” or “us”) appointed Rajat Dhanda as a director to fill the vacancy created. The board also appointed Mr. Dhanda as a member of the investment committee of the board of directors. Mr. Dhanda will continue to serve a

of this Current Report on Form 8-K is incorporated by reference into this Item 1.01. (2019-12-10)
of this Current Report on Form 8-K is incorporated by reference into this Item 1.01. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Dwight L. Merriman III, currently the Managing Director, Chief Executive Officer of Black Creek Diversified Property Fund Inc. (referred to herein as the “Company,” “we,” “our,” or “us”) has been named Chief Executive Officer of Industrial for Black Creek Group, LLC, an affiliate of our sponsor. In this role, Mr. Merriman will oversee the acquisition, asse

Proposal 3 put to shareholder vote: Amendments To The Company’S Charter W. (2019-04-12)
Proposal 3 put to shareholder vote: Amendments To The Company’S Charter W.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (2018-10-11)
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 11, 2018, the board of directors of Black Creek Diversified Property Fund Inc. (referred to herein as the “Company,” “we,” “our,” or “us”) appointed James R. Mulvihill as a director to fill the vacancy created by the previously announced passing of John A. Blumberg. Mr. Mulvihill, age 54, serves as a manager of Black Creek Diversified Property Advisors LLC (the “Advisor”). Mr. Mulvihill is also a manager of Industrial Income Advisors LLC,

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (2017-10-13)
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of New Executive Officer On October 13, 2017, our board of directors appointed Gary M. Reiff to serve as our Managing Director, Chief Administrative and Compliance Officer. Mr. Reiff, age 58, also has served as Chief Administrative, Legal and Compliance Officer of our Advisor since September 2017, having previously served as Executive Vice President and General Counsel of our Advisor from 2007 to April 2017, and as Chief Administrative O

The fund leaned harder on leverage: 73% -> 79% of its allowed leverage in use in one period (period ended 2017-09-30).
The fund leaned harder on leverage: 73% -> 79% of its allowed leverage in use in one period (period ended 2017-09-30). (Rule C22: Leverage creep: headroom down >= 5 percentage points in one period; Notify.)

Articles of Amendment (Share Classes) On September 1, 2017, the Articles of Amendment attached as Exhibit A to the Proxy Statement and submitted for consideration as Proposal No. (2017-09-01)
Articles of Amendment (Share Classes) On September 1, 2017, the Articles of Amendment attached as Exhibit A to the Proxy Statement and submitted for consideration as Proposal No. 3 at the Annual Meeting was filed and acceptance for record by the State Department of Assessment and Taxation of the State of Maryland (the “SDAT”), and thereby became effective as part of our charter. The description of these Articles of Amendment (which we define as “Articles of Amendment (Share Classes)”) is incorporated herein by reference to the Proxy Statement. The Articles of Amendment (Share Classes) have bee

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (2017-09-01)
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 1, 2017, our board of directors appointed Scott W. Recknor to serve as Managing Director - Head of Asset Management, effective September 1, 2017. Mr. Recknor will assume responsibility for leading our asset management functions over both our industrial and office portfolios. J. Michael Lynch will primarily focus on managing the investment activity within our office portfolio. Scott W. Recknor, age 50, has served as our Managing Director

The fund leaned harder on leverage: 65% -> 73% of its allowed leverage in use in one period (period ended 2017-06-30).
The fund leaned harder on leverage: 65% -> 73% of its allowed leverage in use in one period (period ended 2017-06-30). (Rule C22: Leverage creep: headroom down >= 5 percentage points in one period; Notify.)

Proposal 3 put to shareholder vote: Amendment Of Our Charter To Restructure Our Share Classes B. (2017-06-07)
Proposal 3 put to shareholder vote: Amendment Of Our Charter To Restructure Our Share Classes B.

The fund leaned harder on leverage: 50% -> 56% of its allowed leverage in use in one period (period ended 2016-09-30).
The fund leaned harder on leverage: 50% -> 56% of its allowed leverage in use in one period (period ended 2016-09-30). (Rule C22: Leverage creep: headroom down >= 5 percentage points in one period; Notify.)

Proposal 3 put to shareholder vote: Approval Of The Second Amended And Restated Equity Incentive Plan O. (2015-04-10)
Proposal 3 put to shareholder vote: Approval Of The Second Amended And Restated Equity Incentive Plan O.

Proposal 3 put to shareholder vote: Amendment Of The Company’S Charter To Eliminate The Company’S Ability To Redeem Securities Held By Stockholders Who Make A Non-Compliant Tend. (2014-04-11)
Proposal 3 put to shareholder vote: Amendment Of The Company’S Charter To Eliminate The Company’S Ability To Redeem Securities Held By Stockholders Who Make A Non-Compliant Tend.

NAV per share ($4.00) is 3.6% below its trailing four-observation average ($4.15) as of 2013-06-30.
NAV per share ($4.00) is 3.6% below its trailing four-observation average ($4.15) as of 2013-06-30. (Rule C23: Sustained NAV decline: NAV per share >= 2% below its trailing 4-observation average; Notify.)

Proposal 3 put to shareholder vote: Amendment Of The Company’S Charter To Clarify Information Regarding The Interests Of The Company’S Advisor In The Company And The Company’S O. (2013-04-29)
Proposal 3 put to shareholder vote: Amendment Of The Company’S Charter To Clarify Information Regarding The Interests Of The Company’S Advisor In The Company And The Company’S O.

NAV per share ($4.06) is 5.9% below its trailing four-observation average ($4.31) as of 2013-03-31.
NAV per share ($4.06) is 5.9% below its trailing four-observation average ($4.31) as of 2013-03-31. (Rule C23: Sustained NAV decline: NAV per share >= 2% below its trailing 4-observation average; Notify.)

NAV per share ($4.19) is 7.0% below its trailing four-observation average ($4.50) as of 2012-12-31.
NAV per share ($4.19) is 7.0% below its trailing four-observation average ($4.50) as of 2012-12-31. (Rule C23: Sustained NAV decline: NAV per share >= 2% below its trailing 4-observation average; Notify.)

NAV per share ($4.36) is 8.1% below its trailing four-observation average ($4.74) as of 2012-09-30.
NAV per share ($4.36) is 8.1% below its trailing four-observation average ($4.74) as of 2012-09-30. (Rule C23: Sustained NAV decline: NAV per share >= 2% below its trailing 4-observation average; Notify.)

FFO covered only 98% of distributions in the period ended 2012-03-31; the gap was funded from capital or gains.
FFO covered only 98% of distributions in the period ended 2012-03-31; the gap was funded from capital or gains. (Rule C24: Distribution coverage (REIT, FFO basis): distribution_ffo_coverage < 100%; Notify.)

NAV per share fell 6.3% from $5.15 to $4.82 (2011-12-31).
NAV per share fell 6.3% from $5.15 to $4.82 (2011-12-31). (Rule B11: NAV per share drop >= 2% decline month over month; Notify.)

FFO was negative in the period ended 2011-12-31; distributions were funded entirely from capital, asset sales, or borrowings, not operations.
FFO was negative in the period ended 2011-12-31; distributions were funded entirely from capital, asset sales, or borrowings, not operations. (Rule C24: Distribution coverage (REIT, FFO basis): distribution_ffo_coverage < 100%; Notify.)

FFO covered only 94% of distributions in the period ended 2011-09-30; the gap was funded from capital or gains.
FFO covered only 94% of distributions in the period ended 2011-09-30; the gap was funded from capital or gains. (Rule C24: Distribution coverage (REIT, FFO basis): distribution_ffo_coverage < 100%; Notify.)

The comparative FFO series is a consolidated-GAAP proxy built from the fund's own XBRL (net income plus real-estate depreciation and amortization, less gains on real-estate sales). It can differ from sponsor-reported FFO because sponsor reconciliations may include additional adjustments.