Ares Real Estate Income Trust Appoints New CFO and Treasurer

Ares Real Estate Income Trust Inc., a publicly registered net asset value-based perpetual life real estate investment trust formerly known as Black Creek Diversified Property Fund, announced that its board of directors appointed Taylor M. Paul to serve as chief financial officer and treasurer of the company.

In connection, Lainie P. Minnick transitioned from those roles to serve as the company’s head of debt capital markets.

The company says Paul has held various positions with Ares REIT and their former sponsor, Black Creek Group, since 2006, including as senior vice president, chief accounting officer from 2018 to 2021. He has also held similar leadership roles at other companies sponsored by affiliates of Black Creek Group.

According to Ares REIT, Paul’s responsibilities have included financial reporting, corporate and property accounting, financial planning and analysis and treasury management. In his current role, the company says Paul oversees all aspects of their accounting, budgeting, financial reporting functions and certain treasury management and compliance functions for the company. Prior to joining Ares, Paul was with KPMG LLP from 2003 to 2006.

Paul holds a bachelor’s degree in accounting and Spanish from Southwestern University in Georgetown, Texas and holds an active CPA license in the state of Colorado.

Ares Real Estate Income Trust launched in January 2006 and has raised more than $3 billion in multiple offerings. As of Sept. 30, 2023, the REIT owned a portfolio of 95 real estate properties totaling approximately 19.6 million square feet.

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