Fazekas David M 4
4 · ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc. · Filed Dec 30, 2024
Insider Transaction Report
Form 4
Fazekas David M
DirectorPartner, Co-President
Transactions
- Other
Class I-R Operating Partnership Units
2024-12-26+736,377.812→ 736,377.812 total(indirect: By LLC)→ Class I-R Common Stock (736,377.812 underlying) - Other
Class I-R Operating Partnership Units
2024-12-26−736,377.812→ 0 total→ Class I-R Common Stock (736,377.812 underlying)
Footnotes (2)
- [F1]Each Class I-R Operating Partnership Unit (formerly designated as Class I Operating Partnership Units) (the "Class I-R OP Units") in AIREIT Operating Partnership LP (the "OP"), a subsidiary of the Issuer, is redeemable by the holder for cash or, if the Issuer's board of directors determines that the redemption of the Class I-R OP Units for cash would be prohibited by applicable law, the Issuer's charter or the OP's limited partnership agreement (the "OP Agreement"), for shares of the Issuer's Class I-R common stock (formerly designated as Class I 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. There is no expiration date for the holder's ability to request redemption of the Class I-R OP Units.
- [F2]On December 26, 2024, the reporting person transferred and assigned all of the Class I-R OP Units directly held by the reporting person to a limited liability company in which the reporting person is a member. As a result of the transfer and assignment, the reporting person no longer directly owns any Class I-R OP Units.