Corporate ActionMay 6, 2026, 04:52 PM
Ares Real Estate Income Trust Renews Advisory Agreement; Raises $44M
AI Summary
Ares Real Estate Income Trust Inc. renewed its Amended and Restated Advisory Agreement (2025) with Ares Commercial Real Estate Management LLC, extending the term through April 30, 2027. The new 2026 Advisory Agreement maintains substantially the same terms, with minor clarifications regarding services for private placements. Additionally, the company issued 2,122,979 Class S-PR shares for $17,383,452 and 3,274,049 Class I-PR shares for $26,672,693 in unregistered transactions on May 1, 2026.
Key Highlights
- Advisory Agreement (2025) renewed through April 30, 2027.
- New 2026 Advisory Agreement has substantially same terms with minor clarifications.
- Issued 2,122,979 Class S-PR shares in unregistered transactions on May 1, 2026.
- Gross proceeds from Class S-PR shares totaled $17,383,452.
- Issued 3,274,049 Class I-PR shares in unregistered transactions on May 1, 2026.
- Gross proceeds from Class I-PR shares totaled $26,672,693.
- Total gross proceeds from equity sales were $44,056,145.
Price Impact
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