James R. Mulvihill - 31 Jan 2021 Form 4 Insider Report for Ares Real Estate Income Trust Inc.

Role: CHAIRMAN, Director
Signature: /s/ Sarah Wadsworth, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 31 Jan 2021
Net transactions value: $0
Form type: 4
Filing time: 31 Jan 2022, 15:25:18 UTC
Next filing: 01 Jul 2021
SEC: View on sec.gov

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
transaction		Class I Operating Partnership Units	Other	$0	+465,008	+125%	$0.000000	836,651	31 Jan 2022	Class I Common Stock	465,008		See footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	See Remarks.
F2	All of the Class I operating partnership units (the "Units") reported in column 9 of Table II were issued to a limited liability company owned indirectly by the Reporting Person.

Remarks:

(1) The NAV per Unit at the time of the issuance of the Units was $8.1748. The holder of the Units may cause AREIT Operating Partnership LP, a subsidiary of the Issuer, to redeem the Units for cash, unless the Issuer's board of directors determines that the redemption of the Units for cash would be prohibited by applicable law or the Issuer's charter, in which case the Units will be redeemed for shares of the Issuer's Class I common stock with an equivalent aggregate net asset value. Any such redemption of Units for shares of the Issuer's common stock is expected to be on a one-for-one basis.