Ares Real Estate Income Trust issues 2.19M shares in private placement for $17.7M

Ares Real Estate Income Trust Inc.

Issued 1,350,003 Class S-PR shares for $10,933,625 gross proceeds.
Issued 843,381 Class I-PR shares for $6,776,823 gross proceeds.
Issuance was exempt from registration under Regulation D.
Includes shares issued under the company's distribution reinvestment plan.
Class S-PR proceeds include upfront selling commissions and dealer manager fees of $85,953.

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