Rajat Dhanda has stepped down from the board at Ares Industrial Real Estate Income Trust, succeeded by Martin Edmondson, while Scott Recknor, head of asset management, has announced his intention to retire, reported AltsWire.
Dhanda, who had served as a director since August 2021, will continue his involvement with the broader Ares organization as partner and global head of wealth management within Ares Wealth Management Solutions.
Concurrent with Dhanda’s resignation, the board appointed Edmondson as a director. Edmondson also has served as partner, market officer for the North Central region for Ares Real Estate from January 2024 to February 2025 and managing director, market officer for the North Central region for Ares Real Estate from 2021 to 2023.
Recknor plans to remain with the company for a period to ensure a smooth transition, and his final retir
