Sell Ares Real Estate Income Trust Shares

Investment Overview

Ares Real Estate
Income Trust

Ares Real Estate Income Trust, Inc. ("AREIT") is a perpetual-life, public non-listed real estate investment trust sponsored by Ares and focused on income-producing real estate and related investments.

AREIT shares are not listed for trading on a national securities exchange, so shareholders do not have access to continuous public-market liquidity.

Instead, potential liquidity is generally evaluated through the company’s share repurchase program or, where permitted and appropriate, through a separately negotiated private transaction.

Investors considering liquidity should review the applicable share class, purchase history, holding period, account registration, current NAV, issuer repurchase terms, and potential secondary market options for non-traded REIT shares.

Investment Snapshot

Ares Real Estate Income Trust At A Glance

Portfolio

Diversified Real Estate
Exposure

Ares Real Estate Income Trust invests across a diversified portfolio of income-producing real estate and related strategies.

Portfolio composition may include multiple property sectors and geographic markets, with allocations changing over time as assets are acquired, financed, managed, repositioned, and sold.

Occupancy, tenant demand, leasing activity, property-level income, capital expenditures, dispositions, development or redevelopment exposure, financing costs, and changes in real estate valuations can all influence company NAV.

These same factors may also affect the level of interest and pricing available from potential private-market buyers.

Current NAV

Understanding
Ares REIT Net Asset Value

Ares Real Estate Income Trust publishes NAV information through issuer disclosures and SEC-filed materials, with the applicable value generally determined by share class.

NAV is an important reference because company subscriptions and repurchases generally operate within a NAV-based framework.

However, NAV should not be interpreted as a guaranteed private-sale price or as the amount an investor would necessarily receive in a separately negotiated transaction.

A private purchaser may evaluate current NAV together with share class, transferability, position size, portfolio fundamentals, leverage, expected holding period, current issuer liquidity, and required investment return.

Share Repurchase Plan

Issuer-Sponsored Liquidity
Is Subject To Program Terms

Ares Real Estate Income Trust maintains a share repurchase program that may provide liquidity for eligible shareholders.

Repurchase requests remain subject to the terms of the current plan, including applicable holding periods, share-class eligibility, notice deadlines, available capacity, possible proration, suspension provisions, and board discretion.

A shareholder submitting a request should therefore not assume that the request will necessarily be fulfilled in full or on the desired timetable.

The issuer repurchase program should be viewed as a limited liquidity mechanism rather than the equivalent of continuous exchange-traded liquidity.

Recent 2026 Repurchase Activity

Current Repurchase
Conditions Matter

Shareholders evaluating liquidity should review the most recent 2026 prospectus supplement, quarterly filing, or issuer disclosure for current repurchase activity and available capacity.

Relevant information may include the amount of shares requested for repurchase, the amount accepted, any applicable limits, proration, and changes to program procedures.

A prior month or quarter’s fulfillment rate does not guarantee that future requests will be processed under the same conditions.

Current issuer liquidity should therefore be evaluated using the most recent available disclosure rather than historical repurchase activity alone.

Distributions

Distribution Income
And Liquidity Are Separate

AREIT may make distributions to shareholders based on operating performance, portfolio income, financing requirements, and board approval.

Distribution history can be relevant when evaluating total return, but distributions should be analyzed separately from shareholder liquidity.

The payment of distributions does not establish a current secondary market value and does not guarantee that shares can be repurchased or sold at NAV.

Financial / Balance Sheet Update

Financial Condition
Can Influence Liquidity

The company’s latest quarterly and annual filings should be reviewed for current total assets, liabilities, leverage, debt maturities, interest expense, liquidity resources, property-level operating results, and changes in portfolio value.

Realized and unrealized gains or losses, acquisition and disposition activity, financing conditions, and changes in capitalization may also influence reported NAV.

Balance-sheet strength is relevant not only to investment performance but also to the company’s ability to maintain shareholder repurchase liquidity over time.

Secondary Market

Can Ares Real Estate Income Trust
Shares Be Sold?

Potentially. AREIT shares are not listed on a national securities exchange, so investors generally cannot place a conventional public-market sell order.

Eligible shareholders may first evaluate the company’s share repurchase program.

If an investor is not eligible, encounters capacity limitations, seeks a different transaction structure, or wants to evaluate another potential exit pathway, a private secondary transaction may also be considered in certain circumstances.

A private transaction would be separate from the issuer’s repurchase program and may involve different pricing, transfer procedures, documentation, timing, and buyer underwriting.

Investors seeking additional background can review AIL’s guide to the non-traded REIT secondary market.

Valuation Considerations

What May Affect
Ares REIT Share Value?

Current NAV

AREIT’s reported NAV provides an important issuer valuation reference, but it should be considered separately from any potential privately negotiated transaction price.

Share Class

Different share classes may have different fee structures, NAVs, distribution characteristics, and transaction terms. The specific class should be confirmed before evaluating a position.

Repurchase Availability

Current issuer liquidity may influence shareholder expectations and the level of demand available in a private transaction.

Portfolio Fundamentals

Occupancy, rental income, asset values, leasing conditions, capital expenditures, sector exposure, and portfolio concentration may influence both NAV and private-market underwriting.

Debt And Interest Rates

Borrowing levels, interest expense, debt maturities, refinancing conditions, and leverage may affect future cash flow, valuation, and shareholder liquidity.

Transferability

Transfer restrictions, account registration, custodian requirements, and issuer approval procedures may affect whether a private transaction can be completed.

Secondary Market Demand

A private purchaser may consider position size, share class, transferability, current issuer liquidity, portfolio fundamentals, expected holding period, and required return when determining whether to pursue a transaction.

For additional context, see AIL’s guide on how to sell a non-traded REIT.

Documentation

Information Commonly
Requested For Review

A recent account statement is generally the most useful starting point when reviewing an Ares Real Estate Income Trust position.

The statement can help confirm the share class, number of shares, account registration, custodian, ownership structure, and current reported value.

Additional documentation may include purchase confirmations, distribution records, issuer repurchase correspondence, subscription documents, transfer forms, or other ownership records.

Positions held through an IRA, trust, estate, partnership, LLC, or other entity may require additional documentation before a transfer can be evaluated.

Marketability Assessment

What Determines Whether
An Ares REIT Position Can Be Reviewed?

Not every Ares Real Estate Income Trust position will necessarily require or qualify for a private secondary market transaction.

Shareholders who meet the issuer’s eligibility requirements may first consider the company’s share repurchase program.

A private liquidity review may become more relevant when an investor is not eligible for the issuer program, faces repurchase limitations, seeks a different transaction structure, or wants to evaluate available alternatives.

Marketability may depend on share class, purchase history, account registration, position size, transferability, current repurchase terms, available documentation, NAV, portfolio fundamentals, and private buyer demand.

Confidential Investment Review

Evaluate Your Ares REIT
Liquidity Options

Alternative Investment Liquidity reviews Ares Real Estate Income Trust positions on a case-by-case basis to help determine what liquidity pathways may currently be available.

A review can consider share class, account registration, purchase history, current NAV, issuer repurchase eligibility, documentation, transferability, and potential private-market demand.

Requesting a review does not obligate an investor to sell and does not guarantee that a transaction will be available.

Investors, trustees, estate representatives, attorneys, financial professionals, and other authorized representatives can request a Confidential Investment Review.

Source References

Ares REIT
Research Sources

This profile should be read together with Ares Real Estate Income Trust’s current SEC filings, prospectus supplements, NAV disclosures, share repurchase materials, quarterly reports, and official sponsor information.

• Ares
• SEC EDGAR Filings And Reports