X0508 4 2025-02-28 0001625941 ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc. NONE 0001715255 Recknor Scott W 1200 SEVENTEENTH STREET SUITE 9200 DENVER CO 80202 0 1 0 0 Partner, Head of AM 0 Class I-R Operating Partnership Units 2025-02-28 4 J 0 200118.066 0 D Class I-R Common Stock 200118.066 30000.000 D The Class I-R Operating Partnership Units (formerly designated Class I Operating Partnership Units) ("Class I-R OP Units") were acquired by the reporting person on February 1, 2023 as consideration for the redemption of his interest in a limited partnership. No cash consideration was paid. Beginning on January 1, 2024, the reporting person became eligible to request that AIREIT Operating Partnership LP, a subsidiary of the Issuer (the "Operating Partnership"), redeem all or a portion of the Class I-R OP Units for cash, unless the Issuer determines that redemption for cash would be prohibited by applicable law, the Issuer's charter, or the Operating Partnership's limited partnership agreement ("OP Agreement"), in which case the Class I-R OP Units would be redeemed for shares of the Issuer's Class I-R common stock (formerly designated Class I common stock), subject to any limitations on redemption in the OP Agreement. The Issuer approved the Reporting Person's request that the Operating Partnership redeem 200,118.066 Class I-R OP Units for cash, effective as of February 28, 2025. The Class I-R OP Units were priced at the then-current net asset value of such Class I-R OP Units as of February 28, 2025, or $12.8086 per Class I-R OP Unit. There is no expiration date for the reporting person's ability to request redemption of the Class I-R OP Units. /s/ Andrew Ko, Attorney-in-Fact 2025-03-04