ARES COML REAL ESTATE CORP

Ticker: ACRE CUSIP: 04013V108 Class: Common Stock

DEPRINCE RACE & ZOLLO INC's Holding History (CIK: 0001008894)

Note: Option positions (PUT/CALL) are excluded.

Q4 2013

Shares 102,900 Value ($000) $1,348 Avg Close — Range —

Q3 2013

Shares 105,000 Value ($000) $1,305 Avg Close — Range —

Q2 2013

Shares 105,000 Value ($000) $1,345 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	102,900	$1,348	—	—
Q3 2013	105,000	$1,305	—	—
Q2 2013	105,000	$1,345	—	—