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Ares REITs Continue to Meet Redemption Requests

Business partnership meeting in office

While other non-traded REITs sponsored by large institutions, including Starwood, KKR and Blackstone, continue to limit redemption requests from stockholders, those sponsored by Ares Management, notably Ares Industrial Real Estate Income Trust Inc. and Ares Real Estate Income Trust Inc. continue to report that they “fully satisfied all stockholder redemption requests in February.” Both Ares REITs have yet to experience the significant number of redemption requests that have plagued their competitors since late last year.

The company also noted that it “continued to experience aggregate positive net inflows quarter-to-date through Feb. 28, 2023.”

Ares Industrial REIT recently updated its monthly NAV per share to show that Class T, Class D and Class I shares were valued at approximately $15.15 per share as of January 2023.

Ares REIT also updated its monthly NAV per share announcing that each class of stock was valued at $8.731 per share as of January 2023, compared to $8.823 the previous month.

Ares Real Estate Income Trust launched in January 2006 and has raised more than $3 billion in multiple offerings. As of Sept. 30, 2022, the REIT owned a portfolio of 89 real estate properties totaling approximately 18.5 million square feet that were 95.7% leased and had a leverage ratio of 31.7%.

Ares Real Estate Income Trust launched in January 2006 and has raised more than $3 billion in multiple offerings. As of Jan. 31, 2023, the REIT owned a portfolio of 91 real estate properties totaling approximately 18.7 million square feet that were 95.1% leased and had a leverage ratio of 32.7%.

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