Ares Real Estate Income Trust Inc.

One Tabor Center 1200 Seventeenth Street, Suite 2900

Denver, CO 80202

March 20, 2023

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VIA Edgar

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United States Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

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Re: Notice of Disclosure Filed in Exchange Act Annual Report under Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 and Section 13(r) of the Securities Exchange Act of 1934, as Amended

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Ladies and Gentlemen:

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Pursuant to Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 and Section 13(r) of the Securities Exchange Act of 1934, as amended, notice is hereby provided that Ares Real Estate Income Trust Inc. (“AREIT”) has made disclosure pursuant to such provisions in its Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which was filed with the U.S. Securities and Exchange Commission on March 20, 2023 (“Form 10-K”). This disclosure can be found under Part II, Item 9B of the Form 10-K. AREIT has made such disclosure based on information provided by another company that may be deemed an “affiliate” of AREIT, and not because of any conduct by AREIT.

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Very truly yours,

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