UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 3.02 Unregistered Sales of Equity Securities.
From December 2, 2024 through January 2, 2025, Ares Industrial Real Estate Income Trust Inc. (referred to herein as the “Company,” “we,” “our,” or “us”) issued the following shares in transactions exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Regulation D.
The following table details the shares issued and gross proceeds:
Number of | |||||
| Shares Issued | Gross Proceeds | |||
Class S-PR Shares (1)(2) | 1,904,210 | $ | 24,401,024 | ||
Class D-PR Shares (3) | 5,822 | $ | 75,000 | ||
Class I-PR Shares (1) | 830,138 | $ | 10,522,388 | ||
| (1) | Number of shares issued and gross proceeds include activity from shares issued pursuant to our distribution reinvestment plan. |
| (2) | Gross proceeds for Class S-PR shares include upfront selling commissions and dealer manager fees, in aggregate, of $274,187. |
| (3) | Gross proceeds for Class D-PR shares include upfront selling commissions, in aggregate, of $1,125. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
ARES INDUSTRIAL REAL ESTATE INCOME TRUST INC. | |||
January 8, 2025 | By: | /s/ SCOTT A. SEAGER | |
Name: Scott A. Seager | |||
Title: Managing Director, Chief Financial Officer and Treasurer | |||
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