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Consent of Independent Valuation Advisor for Ares Real Estate Income Trust Inc.

Ares Real Estate Income Trust Inc. (ARES) | August 15, 2025

By Hannah Lewis

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Altus Group U.S. Inc. provides consent to references to their name and role in the valuation process in the Current Report on Form 8-K of Ares Real Estate Income Trust Inc.

The consent allows inclusion or incorporation by reference in various registration statements.

The consent does not imply that they fall under the category of persons whose consent is required under Section 7 of the Securities Act of 1933.

Consent Granted

Altus Group U.S. Inc. consents to references and description in the valuation process for Ares Real Estate Income Trust Inc.

Incorporation by Reference

The consent allows incorporation by reference in multiple registration statements for the company.

Non-requirement of Consent

Altus Group U.S. Inc. clarifies that their consent does not imply the necessity of consent under the Securities Act of 1933.

  • The consent of the independent valuation advisor reinforces the credibility of the valuation process for Ares Real Estate Income Trust Inc.
  • Incorporating the consent in registration statements enhances transparency and investor confidence in the company's valuation practices.

The consent provided by Altus Group U.S. Inc. signifies a transparent and validated valuation process for Ares Real Estate Income Trust Inc., promoting trust and credibility among investors.