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    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001655197</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


    </filerInfo>
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      <regName>CC Real Estate Income Master Fund</regName>
      <regFileNumber>811-23134</regFileNumber>
      <regCik>0001655197</regCik>
      <regLei>549300HCTCPQHQR69V57</regLei>
      <regStreet1>590 MADISON AVENUE</regStreet1>
      <regStreet2>34TH FLOOR</regStreet2>
      <regCity>NEW YORK</regCity>
      <regStateConditional regCountry="US" regState="US-NY"/>
      <regZipOrPostalCode>10022</regZipOrPostalCode>
      <regPhone>212-547-2600</regPhone>
      <seriesName>CC Real Estate Income Master Fund</seriesName>
      <seriesLei>549300HCTCPQHQR69V57</seriesLei>
      <repPdEnd>2020-12-31</repPdEnd>
      <repPdDate>2020-03-31</repPdDate>
      <isFinalFiling>Y</isFinalFiling>
    </genInfo>
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      <totLiabs>290662.21</totLiabs>
      <netAssets>28791191.03</netAssets>
      <assetsAttrMiscSec>0</assetsAttrMiscSec>
      <assetsInvested>0</assetsInvested>
      <amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0</amtPayAftOneYrOther>
      <delayDeliv>0</delayDeliv>
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      <liquidPref>0</liquidPref>
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      <isNonCashCollateral>N</isNonCashCollateral>
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        <monthlyTotReturns>
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      <mon2Flow redemption="N/A" reinvestment="N/A" sales="N/A"/>
      <mon3Flow redemption="N/A" reinvestment="N/A" sales="N/A"/>

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      <invstOrSec>
        <name>GREENCASTLE SQUARED LLC.</name>
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        <identifiers>
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        <units>PA</units>
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        <valUSD>1221961.08</valUSD>
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      </invstOrSec>
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      <invstOrSec>
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      <invstOrSec>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GS FINANCIAL SQUARE MONEY MARKET FUND</name>
        <lei>N/A</lei>
        <title>Money Market Fund</title>
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        <identifiers>
          <ticker value="FSMXX"/>
        </identifiers>
        <balance>23539050.70</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23515511.65</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>CC Real Estate Income Master Fund</ncom:nameOfApplicant>
      <ncom:signature>/s/ Frank V. Saracino</ncom:signature>
      <ncom:signerName>Frank V. Saracino</ncom:signerName>
      <ncom:title>Chief Executive Officer, President, CFO and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>