Ares Real Estate Income Trust renews advisory agreement with Ares Commercial Real Estate Management through April 2025

Item 1.01 Entry into a Material Definitive Agreement. Amended and Restated Advisory Agreement (2024) Renewal of Advisory Agreement Ares Real Estate Income Trust Inc. (referred to herein as the “Company,” “we,” “our,” or “us”), AREIT Operating Partnership LP, the Company’s operating partnership (the “Operating Partnership”) and Ares Commercial Real Estate Management LLC, the Company’s advisor (the “Advisor”), previously entered into that certain Second Amended and Restated Advisory Agreement (2023), effective as of June 3, 2023 (the “2023 Advisory Agreement”). The term of the 2023 Advisory Agreement continued through April 30, 2024, subject to an unlimited number of successive one-year renewals. The Company, the Operating Partnership and the Advisor renewed the 2023 Advisory Agreement on substantially the same terms through April 30, 2025, by entering into the Amended and Restated Advisory Agreement (2024) (the “2024 Advisory Agreement”), effective as of April 30, 2024.