InvestmentMay 22, 2026, 12:06 PM
Ares Real Estate Income Trust Upsizes Investment by $100M
AI Summary
Ares Real Estate Income Trust Inc. announced an amendment to its subscription agreement with Ares Apogee Finance HoldCo L.P., an affiliate of its advisor. The amendment provides for an additional purchase of $100,000,000 in Class B Common Shares, bringing the total investment to $300,000,000. The Upsize Purchase Securities will be issued on June 1, 2026, at the net asset value per share as of April 30, 2026, and are subject to a three-year lock-up period from the original purchase date.
Key Highlights
- Ares Real Estate Income Trust Inc. entered an Amendment to Subscription Agreement with Ares Apogee Finance HoldCo L.P.
- Apogee SPV will make an additional purchase of $100,000,000 in Class B Common Shares.
- The Upsize Purchase increases the aggregate investment to $300,000,000.
- Upsize Purchase Securities will be issued on June 1, 2026, priced at NAV per share as of April 30, 2026.
- All purchased securities are subject to a three-year lock-up from the original October 17, 2025 Purchase Date.
- Apogee SPV can request monthly repurchases of up to $7,500,000 per quarter after the lock-up period.
Price Impact
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