Ares Real Estate Income Trust raises $20.4M via private placement of 2.46M shares

Ares Real Estate Income Trust Inc.

Issued 1,254,839 Class S-PR shares for $10,444,590 gross proceeds.
Issued 1,206,139 Class I-PR shares for $9,957,157 gross proceeds.
Total 2,460,978 shares issued for $20,401,747 in Regulation D private placement.
Class S-PR gross proceeds include $85,397 in upfront selling commissions and dealer manager fees.
Shares issued include activity from distribution reinvestment plan.

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