4//SEC Filing
Merriman Dwight L. III 4
Accession 0001062993-23-001995
CIK 0001625941other
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 5:25 PM ET
Size
9.7 KB
Accession
0001062993-23-001995
Insider Transaction Report
Form 4
Merriman Dwight L. III
DirectorManaging Director and CEO
Transactions
- Other
Class I Operating Partnership Units
2023-02-01+1,155,192.692→ 1,155,192.692 total→ Class I Common Stock (1,155,192.692 underlying)
Footnotes (2)
- [F1]The Class I Operating Partnership Units ("Class I OP Units") were acquired by the reporting person on February 1, 2023 as consideration for the redemption of the reporting person's interest in a limited partnership. No cash consideration was paid. Beginning on January 1, 2024, the reporting person may request that AIREIT Operating Partnership LP, a subsidiary of the Issuer, redeem all or a portion of the Class I OP Units for cash, unless the Issuer's board of directors determines that the redemption of the Class I OP Units 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 OP Units will be redeemed for shares of the Issuer's Class I common stock, subject to any limitations on redemption in the OP agreement. Any such redemption of Class I OP Units will be priced at the then-current NAV of such Class I OP Units.
- [F2]There is no expiration date for the reporting person's ability to request redemption of the Class I OP Units.
Issuer
ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.
CIK 0001625941
Entity typeother
Related Parties
1- filerCIK 0001518719
Filing Metadata
- Form type
- 4
- Filed
- Feb 1, 7:00 PM ET
- Accepted
- Feb 2, 5:25 PM ET
- Size
- 9.7 KB