4//SEC Filing
Recknor Scott W 4
Accession 0001062993-25-004434
CIK 0001625941other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 8:19 PM ET
Size
7.1 KB
Accession
0001062993-25-004434
Insider Transaction Report
Form 4
Recknor Scott W
Partner, Head of AM
Transactions
- Other
Class I-R Operating Partnership Units
2025-02-28−200,118.066→ 30,000 total→ Class I-R Common Stock (200,118.066 underlying)
Footnotes (3)
- [F1]The Class I-R Operating Partnership Units (formerly designated Class I Operating Partnership Units) ("Class I-R OP Units") were acquired by the reporting person on February 1, 2023 as consideration for the redemption of his interest in a limited partnership. No cash consideration was paid. Beginning on January 1, 2024, the reporting person became eligible to request that AIREIT Operating Partnership LP, a subsidiary of the Issuer (the "Operating Partnership"), redeem all or a portion of the Class I-R OP Units for cash, unless the Issuer determines that redemption for cash would be prohibited by applicable law, the Issuer's charter, or the Operating Partnership's limited partnership agreement ("OP Agreement"), in which case the Class I-R OP Units would be redeemed for shares of the Issuer's Class I-R common stock (formerly designated Class I common stock), subject to any limitations on redemption in the OP Agreement.
- [F2]The Issuer approved the Reporting Person's request that the Operating Partnership redeem 200,118.066 Class I-R OP Units for cash, effective as of February 28, 2025. The Class I-R OP Units were priced at the then-current net asset value of such Class I-R OP Units as of February 28, 2025, or $12.8086 per Class I-R OP Unit.
- [F3]There is no expiration date for the reporting person's ability to request redemption of the Class I-R OP Units.
Issuer
ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.
CIK 0001625941
Entity typeother
Related Parties
1- filerCIK 0001715255
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 8:19 PM ET
- Size
- 7.1 KB