Ares Industrial Real Estate Income Trust will begin a perpetual private offering of multiple classes of common stock, reported theDIWire.
On July 2, the REIT will also be closing off its public primary offering of shares, though Ares noted that it will remain an active buyer of real estate assets.
Ares Real Estate Income Trust will also be closing its public primary offering of shares on July 2 and will begin offering a perpetual private offering of multiple classes of common stock.
Ares Industrial REIT reported an aggregate NAV of $4.07 billion on April 30, a 7.4 percent month-over-month increase from March.
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