Ares Real Estate Income Trust raises $21.4M through private placement of 2.6M shares

Ares Real Estate Income Trust Inc.

Issued 854,316 Class S-PR shares for $7.07M gross proceeds, including $76K in selling commissions and dealer manager fees.
Issued 368,010 Class D-PR shares for $3.01M gross proceeds.
Issued 1,374,987 Class I-PR shares for $11.26M gross proceeds.
Total gross proceeds from the private placement: $21.35M from 2.6M shares across three classes.
Shares issued in reliance on Regulation D exemption; includes shares from distribution reinvestment plan.

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