Glaubach Jay W. 4
4 · Ares Real Estate Income Trust Inc. · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Ares Real Estate Income Trust — Jay W. Glaubach Acquires 48,749.972 OP Units
What Happened
Jay W. Glaubach (Partner, Co‑President, Director) acquired 48,749.972 Class I‑R Operating Partnership Units on February 2, 2026. The units were received as non‑cash consideration for the redemption of his interest in a limited partnership; no cash changed hands (reported price $0.00). The filing reports this as a derivative acquisition (transaction code J).
Key Details
- Transaction date: February 2, 2026; Form 4 filed February 4, 2026 (appears timely).
- Reported amount: 48,749.972 Class I‑R OP Units; reported price per unit: $0.00; total cash consideration: $0.
- Transaction type: Other acquisition/disposition (derivative units) — not an open‑market purchase or sale.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 — Units were received in exchange for the reporting person’s limited partnership interest; beginning Jan 1, 2027 the reporting person may request redemption of the Class I‑R OP Units for cash (or, if cash redemption is prohibited, for Class I‑R common stock) at then‑current net asset value. F2 — The right to request redemption has no expiration date.
Context
This was a non‑cash conversion of a partnership interest into operating partnership units, not a stock market purchase or sale. Such derivative/unit transactions reflect structural ownership changes (redemptions/conversions) rather than immediate buying or selling for cash; they do not by themselves indicate a buy/sell signal for the underlying common stock.
Insider Transaction Report
- Other
Class I-R Operating Partnership Units
[F1][F2]2026-02-02+48,749.972→ 48,749.972 total→ Class I-R Common Stock (48,749.972 underlying)
Footnotes (2)
- [F1]The reporting person acquired the Class I-R Operating Partnership Units ("Class I-R OP Units") on February 2, 2026 as consideration for the redemption of the reporting person's interest in a limited partnership. No cash consideration was paid. Beginning January 1, 2027, the reporting person may request that AREIT Operating Partnership LP, a subsidiary of the Issuer, redeem all or a portion of the Class I-R OP Units for cash, unless the Issuer's board of directors determines that such redemption for cash would be prohibited by applicable law, the Issuer's charter, or the Operating Partnership's limited partnership agreement (the "OP Agreement"), in which case the Class I-R OP Units will be redeemed for shares of the Issuer's Class I-R common stock, subject to any limitations on redemption in the OP agreement. Any such redemption of Class I-R OP Units will be priced at the then-current net asset value of such Class I-R OP Units.
- [F2]There is no expiration date for the reporting person's ability to request redemption of the Class I-R OP Units.