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Ares Real Estate Income Trust

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Overview

Overview

Ares Real Estate Income Trust (AREIT or the "Fund") is a diversified real estate solution that seeks to deliver consistent income and capture long-term value appreciation across a balanced portfolio of high quality real estate assets. The portfolio is anchored in the four major U.S. property types—industrial, residential, office and retail—and incorporates strategic allocations to adjacent sectors, geographies, and real estate debt to provide differentiated sources of income and long-term growth potential.

Our goal is to bring institutional-quality private real estate to the individual investor, enabling investors to participate in direct ownership of a portfolio of high-quality commercial real estate assets.

Distribution payments are not guaranteed. AREIT may pay distributions from sources other than cash flow from operations, including the sale of assets, borrowings, return of capital or offering proceeds, and AREIT may be required to fund its monthly distributions from a combination of its operations and financing activities, which include net proceeds of this offering and borrowings (including borrowings secured by its assets), or to reduce the level of its monthly distributions. AREIT has not established a cap on the amount of the distributions that may be paid from any of these sources.

Why consider Ares Real Estate Income Trust?

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Well researched portfolio

Diversified across the four major U.S. property types and complemented by tactical investments in adjacent real estate sectors and geographies.

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Accessible structure

Offers monthly income,2 valuations and liquidity3 . Performance-driven fee structure has no additional acquisition, disposition or development fees.4

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Risk-managed investment process

Seeks to offer compelling long-term returns while preserving stockholders’ capital. We thoroughly vet every potential acquisition using our proprietary 400+ step due diligence process.

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Experienced team

AREIT is one of the longest-tenured NAV REITs on the market,5 and the team has managed real estate through multiple market cycles. Our local presence and long-standing relationships allow us to source acquisitions with confidence.

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Consistent distributions2

With long-term capital appreciation potential. Our broad real estate market knowledge and highly selective approach give us greater confidence in each holding.

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Enhanced transparency

Through monthly valuations performed by an independent valuation advisor and reflected in our clients’ monthly statements.6

AREIT Portfolio At-A-Glance

As of April 30, 2024
Total Asset Value
$5.4bn
Total Properties
99
Geographic Markets
33
Net Rentable SQ FT
20.1mm
Leased
95.2%
Commercial Tenants
415

Share Class Overview

As of April 30, 2024

$7.681

NAV per share and Transaction Price For subscriptions accepted as of June 3, 2024

(and repurchased as of May 31, 2024)

5.21% Distribution Rate
2.40% Annual Standard Deviation
2.08 Sharpe Ratio

Offering Terms7

Availability: Through fee-based (wrap) programs, registered investment advisors and other institutional and fiduciary accounts

Minimum Initial Investment: $1 million (unless waived)

Fees:

  • Selling Commission: None
  • Dealer Manager Fee: None
  • Annual Distribution Fee: None
  • Management Fee: 1.10% per annum of NAV, payable monthly
  • Performance Participation Allocation: 12.5% of the total annual return, subject to a 5% hurdle amount, catch-up and loss carry-forward

$7.681

NAV per share and Transaction Price For subscriptions accepted as of June 3, 2024

(and repurchased as of May 31, 2024)

4.96% Annual Distribution Rate
2.40% Annual Standard Deviation
1.93 Sharpe Ratio

Offering Terms7

Availability: Through fee-based (wrap) programs, registered investment advisors and other institutional and fiduciary accounts

Minimum Initial Investment: $2,500

Share Class Specific Fees:

  • Selling Commission: None
  • Dealer Manager Fee: None
  • Annual Distribution Fee: 0.25%

Advisor Fees:

  • Management Fee: 1.10% per annum of NAV, payable monthly
  • Performance Participation Allocation: 12.5% of the total annual return, subject to a 5% hurdle amount, catch-up and loss carry-forward

$7.681

NAV per share and Transaction Price For subscriptions accepted as of June 3, 2024

(and repurchased as of May 31, 2024)

4.36% Annual Distribution Rate at NAV
4.21% Annual Distribution Rate with Sales Charge
2.40% Annual Standard Deviation
1.84 Sharpe Ratio at NAV
1.79 Sharpe Ratio with Sales Charge

Offering Terms7

Availability: Through transaction/brokerage accounts

Minimum Initial Investment: $2,500

Share Class Specific Fees:

  • Selling Commission: Up to 3.5%
  • Dealer Manager Fee: None
  • Annual Distribution Fee: 0.85%

Advisor Fees:

  • Management Fee: 1.10% per annum of NAV, payable monthly
  • Performance Participation Allocation: 12.5% of the total annual return, subject to a 5% hurdle amount, catch-up and loss carry-forward

$7.681

NAV per share and Transaction Price For subscriptions accepted as of June 3, 2024

(and repurchased as of May 31, 2024)

4.36% Annual Distribution Rate at NAV
4.21% Annual Distribution Rate with Sales Charge
2.40% Annual Standard Deviation
1.84 Sharpe Ratio at NAV
1.79 Sharpe Ratio with Sales Charge

Offering Terms7

Availability: Through transaction/brokerage accounts

Minimum Initial Investment: $2,500

Share Class Specific Fees:

  • Selling Commission: Up to 3.0%
  • Dealer Manager Fee: Up to 0.50%
  • Annual Distribution Fee: 0.85%

Advisor Fees:

  • Management Fee: 1.10% per annum of NAV, payable monthly
  • Performance Participation Allocation: 12.5% of the total annual return, subject to a 5% hurdle amount, catch-up and loss carry-forward

Properties

Let’s Start a Conversation

Talk to us about how we can help you when it comes to private market investing.

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1

NAV is calculated in accordance with valuation procedures adopted by AREIT’s board and is not subject to accounting principles generally accepted in the United States (“GAAP”). NAV will likely differ from the GAAP value of our equity reflected in our financial statements. As of December 31, 2023, our total equity under GAAP was approximately $1,111,416,000 and our GAAP total equity per share/unit was approximately $4.01. GAAP total equity per share/unit is presented on a “blended” share class/unit basis and is calculated as total equity divided by the aggregate number of outstanding shares issued by AREIT and units issued by AREIT Operating Partnership LP. Please click here for a reconciliation of our GAAP total equity to our NAV. Investors should review this information prior to making an investment decision.

2

The amount of distributions AREIT may make is uncertain, is not guaranteed, may be modified at the program’s discretion and is subject to board approval. AREIT may pay distributions from sources other than cash flow from operations including, without limitation, the sale of assets, borrowings or offering proceeds (including the return of principal amounts invested). The use of these sources for distributions would decrease the amount of cash AREIT has available for new investments, repayment of debt, share redemptions and other corporate purposes, and could reduce your overall return and dilute the value of your investment in shares of AREIT common stock.

3

AREIT is not obligated to redeem any shares and may choose to redeem only some, or even none, of the shares that have been requested to be redeemed in any particular month, in its discretion. The redemption program is subject to other limitations and AREIT’s board of directors may modify or suspend the plan. As a result, AREIT’s shares should be considered as having only limited liquidity and at times may be illiquid.

4

See the Share Class Overview section and the prospectus for details on applicable fees and expenses. In addition to performance-based compensation, AREIT also pays its advisor a fixed component of the advisory fee regardless of the performance of AREIT's portfolios.

5

Ares Real Estate Income Trust was renamed from Diversified Property Fund in December 2021. NAV inception is on September 30, 2012, which is when AREIT fir st sold Class A, W and I shares after converting to a NAV REIT on July 12, 2012.

6

See the prospectus for full information regarding AREIT’s NAV valuation process and policies.

7

Select broker/dealers may have different suitability standards, may not offer all share classes, and/or may offer AREIT at a higher minimum initial investment.

Any properties shown are owned by AREIT.

Please read the applicable Ares Fund or Real Estate Income Trust ("REIT") Prospectus prior to making any investment decision and consider carefully the REIT’s or Funds’ investment objectives, risks, charges, expenses and other important information described therein. A copy of the REIT and Funds Prospectuses, which contain this and other information about the REIT or Fund, must be made available to you in connection with any offering of the Shares. Click here to view the REIT and Funds' Prospectuses. The REIT and Funds prospectuses do not constitute an offer to sell securities, nor a solicitation of an offer to buy their Shares in any state where the offer or sale is not permitted.

Ares Wealth Management Solutions does not offer investment advice. Individuals should consult a professional investment advisor.

Investments in the Ares Private Markets Fund, Ares Strategic Income Fund, or Ares REITs are not suitable for all investors. Investing in shares of the Funds or REITs involves a high degree of risk, including the risk that payment of distributions is uncertain and cannot be guaranteed, the risk that an investment is not liquid, and the risk that stockholders may lose the entire amount of their investment. Please review the AREIT Summary Risk Factors and the Prospectus, AIREIT Summary Risk Factors and the Prospectus, and the APMF Summary Risk Factors and the Prospectus, and the ASIF Summary Risk Factors and the Prospectus for a complete list of the risks associated with the REITs, Ares Private Markets Fund, and Ares Strategic Income Fund investments.

No offering is made except by a prospectus filed with the Department of Law of the State of New York. Neither the SEC nor any other state securities regulator has approved or disapproved of the securities described in the prospectus or determined if the prospectus is truthful or complete. In addition, the Attorney General of the state of New York has not passed on or endorsed the merits of the offering. Any representation to the contrary is a criminal offense. Fund and REIT shares will be offered to the public through Ares Wealth Management Solutions, LLC, member of Financial Industry Regulatory Authority (FINRA) and SIPC, which will act as the dealer manager, and through other members of FINRA or with the assistance of registered investment advisors.

Check this firm’s Form CRS Customer Relationship Summary.

Check the background of this firm on FINRA’s Broker Check.

Our prospectuses are provided in Adobe PDF format. The Adobe Reader software can be downloaded here.

NOT A DEPOSIT • NOT FDIC INSURED • NOT GUARANTEED BY THE BANK • MAY LOSE VALUE • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

You Must First Receive a Copy of the Prospectus - AREIT

This website is neither an offer to sell nor a solicitation of an offer to buy the securities described in the Ares Real Estate Income Trust (AREIT) prospectus. This offering is made only by means of a prospectus filed with the Department of Law of the State of New York, which should be read in its entirety in order to understand all of the implications and risks associated with this offering. Neither the Securities and Exchange Commission nor any other state securities regulator has approved or disapproved of the securities described in the AREIT prospectus or determined if the AREIT prospectus is truthful or complete. In addition, the Attorney General of the state of New York has not passed on or endorsed the merits of the offering. Any representation to the contrary is unlawful.

Please acknowledge that you have received a copy of the AREIT prospectus prior to entering our website. If you have yet received a copy, please use the following link to access a copy of the AREIT prospectus:

View Ares Real Estate Income Fund Prospectus

By clicking " I Agree" below, you acknowledge that you are either (a) a United States resident or (b) have otherwise received authorization from AREIT or your broker-dealer/ registered investment advisor to access the contents to its website.

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AccessAres is the thought-leadership and educational division of Ares Wealth Management Solutions. The materials distributed by AccessAres are for informational purposes only and do not constitute investment advice or a recommendation to buy, sell or hold any security, investment strategy or market sector. Ares Wealth Management Solutions is a global brand of Ares Management Corporation.