David M. Fazekas - Feb 10, 2023 Form 3 Insider Report for ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc. (NONE)

Role
Partner, Co-President
Signature
/s/ Andrew Ko, Attorney-in-Fact
Stock symbol
NONE
Transactions as of
Feb 10, 2023
Transactions value $
$0
Form type
3
Date filed
2/17/2023, 11:12 AM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NONE Class I Common Stock 10.5K Feb 10, 2023 Direct
holding NONE Class T Common Stock 52K Feb 10, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding NONE Class I Operating Partnership Units Feb 10, 2023 Class I Common Stock 736K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person may request that AIREIT Operating Partnership LP (the "OP"), a subsidiary of the Issuer, redeem all or a portion of the Class I OP Units for cash, unless the Issuer's board of directors determines that the redemption of the Class I OP Units for cash would be prohibited by applicable law, the Issuer's charter, or the OP's limited partnership agreement (the "OP Agreement"), in which case the Class I OP Units will be redeemed for shares of the Issuer's Class I common stock, subject to any limitations on redemption in the OP agreement. Any such redemption of Class I OP Units will be priced at the then-current NAV of such Class I OP Units. There is no expiration date for the reporting person's ability to request redemption of the Class I OP Units.

Remarks:

Exhibit 24 - Power of Attorney.