Ares Real Estate (ZARE) director tenders 30K shares into redemption plan

Rhea-AI Filing Summary

Ares Real Estate Income Trust Inc. director David A. Roth reported an "other" transaction in Class I-R Common Stock. On June 30, 2026, 30,522.049 shares were tendered for redemption by the issuer under its share redemption program at $8.1908 per share, leaving Roth with 3,372.324 shares directly owned. The holdings include shares previously acquired through the issuer’s distribution reinvestment plan, indicating this filing reflects a structured liquidity event rather than an open-market trade.

Insider Trade Summary

Net Seller: 30,522.049 shares

Net Sell 1 txn

Insider Roth David A

Role Director

Type	Security	Shares	Price	Value
Other	Class I-R Common Stock	30,522.049	$8.1908	$250K

Holdings After Transaction: Class I-R Common Stock — 3,372.324 shares (Direct)

Footnotes (2)

1. F1. The shares of Class I-R Common Stock were tendered for redemption by the Issuer pursuant to the Issuer's share redemption program.
2. F2. Includes shares of Class I-R Common Stock acquired by the reporting person pursuant to the Issuer's distribution reinvestment plan.

Key Figures

Shares redeemed: 30,522.049 shares Redemption price: $8.1908 per share Shares after transaction: 3,372.324 shares +1 more

4 metrics

Shares redeemed 30,522.049 shares Class I-R Common Stock tendered for redemption on June 30, 2026

Redemption price $8.1908 per share Price for tendered Class I-R Common Stock

Shares after transaction 3,372.324 shares Direct holdings following the redemption

Restructuring shares 30,522.049 shares Reported as restructuring-related under code J

Key Terms

Class I-R Common Stock, share redemption program, distribution reinvestment plan, Form 4

4 terms

Class I-R Common Stock financial

"The shares of Class I-R Common Stock were tendered for redemption"

share redemption program financial

"tendered for redemption by the Issuer pursuant to the Issuer's share redemption program"

distribution reinvestment plan financial

"Includes shares of Class I-R Common Stock acquired by the reporting person pursuant to the Issuer's distribution reinvestment plan"

An automatic program that uses cash distributions—such as dividends or other payouts—from a stock or fund to buy additional shares of the same security instead of handing out cash to the investor. Think of it like using store credit you’d otherwise pocket to buy more items: it makes your holding grow over time without you having to manually reinvest, which can compound returns, reduce transaction costs and change the timing of taxable income.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:51 PM Accepted by SEC EDGAR 07/02/2026 - 04:50 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Roth David A

(Last) (First) (Middle)

1200 SEVENTEENTH STREET

SUITE 2900

(Street)

DENVER COLORADO 80202

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Ares Real Estate Income Trust Inc. [ NONE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class I-R Common Stock	06/30/2026		J(1)		30,522.049	D	$8.1908	3,372.324(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares of Class I-R Common Stock were tendered for redemption by the Issuer pursuant to the Issuer's share redemption program.

2. Includes shares of Class I-R Common Stock acquired by the reporting person pursuant to the Issuer's distribution reinvestment plan.

	/s/ Andrew Ko, Attorney-in-Fact	07/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)