ARES COML REAL ESTATE CORP

Ticker: ACRE CUSIP: 04013V108 Class: Common Stock

Asset Management One Co., Ltd.'s Holding History (CIK: 0001068855)

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

Q3 2016

Shares 13,397 Value ($000) $169 Avg Close — Range —

Q2 2016

Shares 13,397 Value ($000) $165 Avg Close — Range —

Q1 2016

Shares 13,397 Value ($000) $147 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	13,397	$169	—	—
Q2 2016	13,397	$165	—	—
Q1 2016	13,397	$147	—	—