ZARE

SEC source: 0000925421-26-000034 · form4.xml · nonDerivative · entry 1

Schaefer Paula · CIK 0002064589 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 19,340.656

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 9,120.870 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

F3 · balance_after: Total reflects additional shares of common stock received by the Reporting Person as a result of dividend equivalents accrued with respect to outstanding restricted stock units granted to the Reporting Person.

SEC source: 0000925421-26-000038 · form4.xml · nonDerivative · entry 1

Woodberry John P · CIK 0001397744 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 74,920.559

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 9,120.870 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

F3 · balance_after: Total reflects additional shares of common stock received by the Reporting Person as a result of dividend equivalents accrued with respect to outstanding restricted stock units granted to the Reporting Person.

SEC source: 0000925421-26-000037 · form4.xml · nonDerivative · entry 1

Sanchez Bryan B. · CIK 0002129371 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,120.87

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 9,120.870 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0000925421-26-000036 · form4.xml · nonDerivative · entry 1

Duke Charles B · CIK 0001397747 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 81,509.65

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 9,120.870 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

F3 · balance_after: Total reflects additional shares of common stock received by the Reporting Person as a result of dividend equivalents accrued with respect to outstanding restricted stock units granted to the Reporting Person.

SEC source: 0001694232-26-000004 · form4.xml · nonDerivative · entry 1

Roth David A · CIK 0001694232 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,372.324

F1 · kind: The shares of Class I-R Common Stock were tendered for redemption by the Issuer pursuant to the Issuer's share redemption program.

F2 · balance_after: Includes shares of Class I-R Common Stock acquired by the reporting person pursuant to the Issuer's distribution reinvestment plan.

SEC source: 0000925421-26-000017 · form4.xml · derivative · entry 1

Holm Andrew Erlich · CIK 0002064590 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 48,749.972

Underlying: Class I-R Common Stock · 48,749.972 shares

Expires not disclosed

F1 · derivative.exercise_price: The reporting person acquired the Class I-R Operating Partnership Units ("Class I-R OP Units") on February 2, 2026 as consideration for the redemption of the reporting person's interest in a limited partnership. No cash consideration was paid. Beginning January 1, 2027, the reporting person may request that AREIT Operating Partnership LP, a subsidiary of the Issuer, redeem all or a portion of the Class I-R OP Units for cash, unless the Issuer's board of directors determines that such redemption for cash would be prohibited by applicable law, the Issuer's charter, or the Operating Partnership's limited partnership agreement (the "OP Agreement"), in which case the Class I-R OP Units will be redeemed for shares of the Issuer's Class I-R common stock, subject to any limitations on redemption in the OP agreement. Any such redemption of Class I-R OP Units will be priced at the then-current net asset value of such Class I-R OP Units.

F1 · kind: The reporting person acquired the Class I-R Operating Partnership Units ("Class I-R OP Units") on February 2, 2026 as consideration for the redemption of the reporting person's interest in a limited partnership. No cash consideration was paid. Beginning January 1, 2027, the reporting person may request that AREIT Operating Partnership LP, a subsidiary of the Issuer, redeem all or a portion of the Class I-R OP Units for cash, unless the Issuer's board of directors determines that such redemption for cash would be prohibited by applicable law, the Issuer's charter, or the Operating Partnership's limited partnership agreement (the "OP Agreement"), in which case the Class I-R OP Units will be redeemed for shares of the Issuer's Class I-R common stock, subject to any limitations on redemption in the OP agreement. Any such redemption of Class I-R OP Units will be priced at the then-current net asset value of such Class I-R OP Units.

F1 · derivative.exercise_date: The reporting person acquired the Class I-R Operating Partnership Units ("Class I-R OP Units") on February 2, 2026 as consideration for the redemption of the reporting person's interest in a limited partnership. No cash consideration was paid. Beginning January 1, 2027, the reporting person may request that AREIT Operating Partnership LP, a subsidiary of the Issuer, redeem all or a portion of the Class I-R OP Units for cash, unless the Issuer's board of directors determines that such redemption for cash would be prohibited by applicable law, the Issuer's charter, or the Operating Partnership's limited partnership agreement (the "OP Agreement"), in which case the Class I-R OP Units will be redeemed for shares of the Issuer's Class I-R common stock, subject to any limitations on redemption in the OP agreement. Any such redemption of Class I-R OP Units will be priced at the then-current net asset value of such Class I-R OP Units.

F2 · derivative.expiration_date: There is no expiration date for the reporting person's ability to request redemption of the Class I-R OP Units.

SEC source: 0000925421-26-000014 · form4.xml · derivative · entry 1

Paul Taylor M. · CIK 0002003719 · CFO and Treasurer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,727.262

Underlying: Class I-R Common Stock · 17,727.262 shares

Expires not disclosed

F1 · derivative.exercise_price: The reporting person acquired the Class I-R Operating Partnership Units ("Class I-R OP Units") on February 2, 2026 as consideration for the redemption of the reporting person's interest in a limited partnership. No cash consideration was paid. Beginning January 1, 2027, the reporting person may request that AREIT Operating Partnership LP, a subsidiary of the Issuer, redeem all or a portion of the Class I-R OP Units for cash, unless the Issuer's board of directors determines that such redemption for cash would be prohibited by applicable law, the Issuer's charter, or the Operating Partnership's limited partnership agreement (the "OP Agreement"), in which case the Class I-R OP Units will be redeemed for shares of the Issuer's Class I-R common stock, subject to any limitations on redemption in the OP agreement. Any such redemption of Class I-R OP Units will be priced at the then-current net asset value of such Class I-R OP Units.

F1 · kind: The reporting person acquired the Class I-R Operating Partnership Units ("Class I-R OP Units") on February 2, 2026 as consideration for the redemption of the reporting person's interest in a limited partnership. No cash consideration was paid. Beginning January 1, 2027, the reporting person may request that AREIT Operating Partnership LP, a subsidiary of the Issuer, redeem all or a portion of the Class I-R OP Units for cash, unless the Issuer's board of directors determines that such redemption for cash would be prohibited by applicable law, the Issuer's charter, or the Operating Partnership's limited partnership agreement (the "OP Agreement"), in which case the Class I-R OP Units will be redeemed for shares of the Issuer's Class I-R common stock, subject to any limitations on redemption in the OP agreement. Any such redemption of Class I-R OP Units will be priced at the then-current net asset value of such Class I-R OP Units.

F1 · derivative.exercise_date: The reporting person acquired the Class I-R Operating Partnership Units ("Class I-R OP Units") on February 2, 2026 as consideration for the redemption of the reporting person's interest in a limited partnership. No cash consideration was paid. Beginning January 1, 2027, the reporting person may request that AREIT Operating Partnership LP, a subsidiary of the Issuer, redeem all or a portion of the Class I-R OP Units for cash, unless the Issuer's board of directors determines that such redemption for cash would be prohibited by applicable law, the Issuer's charter, or the Operating Partnership's limited partnership agreement (the "OP Agreement"), in which case the Class I-R OP Units will be redeemed for shares of the Issuer's Class I-R common stock, subject to any limitations on redemption in the OP agreement. Any such redemption of Class I-R OP Units will be priced at the then-current net asset value of such Class I-R OP Units.

F2 · derivative.expiration_date: There is no expiration date for the reporting person's ability to request redemption of the Class I-R OP Units.

SEC source: 0000925421-26-000016 · form4.xml · derivative · entry 1

Roth David A · CIK 0001694232 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 65,342.69

Underlying: Class I-R Common Stock · 65,342.69 shares

Expires not disclosed

F1 · derivative.exercise_price: The reporting person acquired the Class I-R Operating Partnership Units ("Class I-R OP Units") on February 2, 2026 as consideration for the redemption of the reporting person's interest in a limited partnership. No cash consideration was paid. Beginning January 1, 2027, the reporting person may request that AREIT Operating Partnership LP, a subsidiary of the Issuer, redeem all or a portion of the Class I-R OP Units for cash, unless the Issuer's board of directors determines that such redemption for cash would be prohibited by applicable law, the Issuer's charter, or the Operating Partnership's limited partnership agreement (the "OP Agreement"), in which case the Class I-R OP Units will be redeemed for shares of the Issuer's Class I-R common stock, subject to any limitations on redemption in the OP agreement. Any such redemption of Class I-R OP Units will be priced at the then-current net asset value of such Class I-R OP Units.

F1 · kind: The reporting person acquired the Class I-R Operating Partnership Units ("Class I-R OP Units") on February 2, 2026 as consideration for the redemption of the reporting person's interest in a limited partnership. No cash consideration was paid. Beginning January 1, 2027, the reporting person may request that AREIT Operating Partnership LP, a subsidiary of the Issuer, redeem all or a portion of the Class I-R OP Units for cash, unless the Issuer's board of directors determines that such redemption for cash would be prohibited by applicable law, the Issuer's charter, or the Operating Partnership's limited partnership agreement (the "OP Agreement"), in which case the Class I-R OP Units will be redeemed for shares of the Issuer's Class I-R common stock, subject to any limitations on redemption in the OP agreement. Any such redemption of Class I-R OP Units will be priced at the then-current net asset value of such Class I-R OP Units.

F1 · derivative.exercise_date: The reporting person acquired the Class I-R Operating Partnership Units ("Class I-R OP Units") on February 2, 2026 as consideration for the redemption of the reporting person's interest in a limited partnership. No cash consideration was paid. Beginning January 1, 2027, the reporting person may request that AREIT Operating Partnership LP, a subsidiary of the Issuer, redeem all or a portion of the Class I-R OP Units for cash, unless the Issuer's board of directors determines that such redemption for cash would be prohibited by applicable law, the Issuer's charter, or the Operating Partnership's limited partnership agreement (the "OP Agreement"), in which case the Class I-R OP Units will be redeemed for shares of the Issuer's Class I-R common stock, subject to any limitations on redemption in the OP agreement. Any such redemption of Class I-R OP Units will be priced at the then-current net asset value of such Class I-R OP Units.

F2 · derivative.expiration_date: There is no expiration date for the reporting person's ability to request redemption of the Class I-R OP Units.

SEC source: 0000925421-26-000015 · form4.xml · derivative · entry 1

Taylor Jeffrey W · CIK 0001318081 · Partner, Co-President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,295.448

Underlying: Class I-R Common Stock · 13,295.448 shares

Expires not disclosed

F1 · derivative.exercise_price: The reporting person acquired the Class I-R Operating Partnership Units ("Class I-R OP Units") on February 2, 2026 as consideration for the redemption of the reporting person's interest in a limited partnership. No cash consideration was paid. Beginning January 1, 2027, the reporting person may request that AREIT Operating Partnership LP, a subsidiary of the Issuer, redeem all or a portion of the Class I-R OP Units for cash, unless the Issuer's board of directors determines that such redemption for cash would be prohibited by applicable law, the Issuer's charter, or the Operating Partnership's limited partnership agreement (the "OP Agreement"), in which case the Class I-R OP Units will be redeemed for shares of the Issuer's Class I-R common stock, subject to any limitations on redemption in the OP agreement. Any such redemption of Class I-R OP Units will be priced at the then-current net asset value of such Class I-R OP Units.

F1 · kind: The reporting person acquired the Class I-R Operating Partnership Units ("Class I-R OP Units") on February 2, 2026 as consideration for the redemption of the reporting person's interest in a limited partnership. No cash consideration was paid. Beginning January 1, 2027, the reporting person may request that AREIT Operating Partnership LP, a subsidiary of the Issuer, redeem all or a portion of the Class I-R OP Units for cash, unless the Issuer's board of directors determines that such redemption for cash would be prohibited by applicable law, the Issuer's charter, or the Operating Partnership's limited partnership agreement (the "OP Agreement"), in which case the Class I-R OP Units will be redeemed for shares of the Issuer's Class I-R common stock, subject to any limitations on redemption in the OP agreement. Any such redemption of Class I-R OP Units will be priced at the then-current net asset value of such Class I-R OP Units.

F1 · derivative.exercise_date: The reporting person acquired the Class I-R Operating Partnership Units ("Class I-R OP Units") on February 2, 2026 as consideration for the redemption of the reporting person's interest in a limited partnership. No cash consideration was paid. Beginning January 1, 2027, the reporting person may request that AREIT Operating Partnership LP, a subsidiary of the Issuer, redeem all or a portion of the Class I-R OP Units for cash, unless the Issuer's board of directors determines that such redemption for cash would be prohibited by applicable law, the Issuer's charter, or the Operating Partnership's limited partnership agreement (the "OP Agreement"), in which case the Class I-R OP Units will be redeemed for shares of the Issuer's Class I-R common stock, subject to any limitations on redemption in the OP agreement. Any such redemption of Class I-R OP Units will be priced at the then-current net asset value of such Class I-R OP Units.

F2 · derivative.expiration_date: There is no expiration date for the reporting person's ability to request redemption of the Class I-R OP Units.

SEC source: 0000925421-26-000013 · form4.xml · derivative · entry 1

Glaubach Jay W. · CIK 0001962222 · Director · Partner, Co-President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 48,749.972

Underlying: Class I-R Common Stock · 48,749.972 shares

Expires not disclosed

F1 · derivative.exercise_price: The reporting person acquired the Class I-R Operating Partnership Units ("Class I-R OP Units") on February 2, 2026 as consideration for the redemption of the reporting person's interest in a limited partnership. No cash consideration was paid. Beginning January 1, 2027, the reporting person may request that AREIT Operating Partnership LP, a subsidiary of the Issuer, redeem all or a portion of the Class I-R OP Units for cash, unless the Issuer's board of directors determines that such redemption for cash would be prohibited by applicable law, the Issuer's charter, or the Operating Partnership's limited partnership agreement (the "OP Agreement"), in which case the Class I-R OP Units will be redeemed for shares of the Issuer's Class I-R common stock, subject to any limitations on redemption in the OP agreement. Any such redemption of Class I-R OP Units will be priced at the then-current net asset value of such Class I-R OP Units.

F1 · kind: The reporting person acquired the Class I-R Operating Partnership Units ("Class I-R OP Units") on February 2, 2026 as consideration for the redemption of the reporting person's interest in a limited partnership. No cash consideration was paid. Beginning January 1, 2027, the reporting person may request that AREIT Operating Partnership LP, a subsidiary of the Issuer, redeem all or a portion of the Class I-R OP Units for cash, unless the Issuer's board of directors determines that such redemption for cash would be prohibited by applicable law, the Issuer's charter, or the Operating Partnership's limited partnership agreement (the "OP Agreement"), in which case the Class I-R OP Units will be redeemed for shares of the Issuer's Class I-R common stock, subject to any limitations on redemption in the OP agreement. Any such redemption of Class I-R OP Units will be priced at the then-current net asset value of such Class I-R OP Units.

F1 · derivative.exercise_date: The reporting person acquired the Class I-R Operating Partnership Units ("Class I-R OP Units") on February 2, 2026 as consideration for the redemption of the reporting person's interest in a limited partnership. No cash consideration was paid. Beginning January 1, 2027, the reporting person may request that AREIT Operating Partnership LP, a subsidiary of the Issuer, redeem all or a portion of the Class I-R OP Units for cash, unless the Issuer's board of directors determines that such redemption for cash would be prohibited by applicable law, the Issuer's charter, or the Operating Partnership's limited partnership agreement (the "OP Agreement"), in which case the Class I-R OP Units will be redeemed for shares of the Issuer's Class I-R common stock, subject to any limitations on redemption in the OP agreement. Any such redemption of Class I-R OP Units will be priced at the then-current net asset value of such Class I-R OP Units.

F2 · derivative.expiration_date: There is no expiration date for the reporting person's ability to request redemption of the Class I-R OP Units.

SEC source: 0001104659-25-074102 · tm2522518-1_4seq1.xml · nonDerivative · entry 1

Schaefer Paula · CIK 0002064589 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,707.23

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 9,707.230 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0001104659-25-074107 · tm2522518-4_4seq1.xml · nonDerivative · entry 1

Mathis Brian · CIK 0001819289 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 45,245.693

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 9,707.230 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0001104659-25-074106 · tm2522518-3_4seq1.xml · nonDerivative · entry 1

Duke Charles B · CIK 0001397747 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 71,876.224

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 9,707.230 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0001104659-25-074104 · tm2522518-2_4seq1.xml · nonDerivative · entry 1

Woodberry John P · CIK 0001397744 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 65,287.133

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 9,707.230 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0001104659-24-085719 · tm2420792-4_4seq1.xml · nonDerivative · entry 1

Woodberry John P · CIK 0001397744 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 55,037.906

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 10,011.881 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0001104659-24-085718 · tm2420792-3_4seq1.xml · nonDerivative · entry 1

Sullivan Daniel Joseph · CIK 0001397858 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 70,066.81

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 10,011.881 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0001104659-24-085717 · tm2420792-2_4seq1.xml · nonDerivative · entry 1

Duke Charles B · CIK 0001397747 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 61,626.997

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 10,011.881 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0001104659-24-085716 · tm2420792-1_4seq1.xml · nonDerivative · entry 1

Mathis Brian · CIK 0001819289 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 34,996.466

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 10,011.881 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0001415889-24-015313 · form4-06042024_070652.xml · nonDerivative · entry 1

Paul Taylor M. · CIK 0002003719 · CFO and Treasurer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,510.925

SEC source: 0001415889-23-012122 · form4-08112023_070814.xml · nonDerivative · entry 1

Woodberry John P · CIK 0001397744 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 44,565.945

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 8,935.166 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0001415889-23-012120 · form4-08112023_070804.xml · nonDerivative · entry 1

Sullivan Daniel Joseph · CIK 0001397858 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 57,113.833

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 8,935.166 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0001415889-23-012118 · form4-08112023_060831.xml · nonDerivative · entry 1

Mathis Brian · CIK 0001819289 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 24,524.505

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 8,935.166 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0001415889-23-012116 · form4-08112023_060809.xml · nonDerivative · entry 1

Duke Charles B · CIK 0001397747 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 51,155.036

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 8,935.166 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0001104659-23-041047 · tm2311418d2_4seq1.xml · nonDerivative · entry 1

Roth David A · CIK 0001694232 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 28,735.962

SEC source: 0001104659-23-041044 · tm2311418-1_4seq1.xml · nonDerivative · entry 1

Glaubach Jay W. · CIK 0001962222 · Director · Partner, Co-President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 57,471.925

SEC source: 0001415889-22-008365 · form4-08082022_010837.xml · nonDerivative · entry 1

Mathis Brian · CIK 0001819289 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,218.272

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 8,464.725 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0001415889-22-008363 · form4-08082022_010847.xml · nonDerivative · entry 1

Woodberry John P · CIK 0001397744 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,259.712

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 8,464.725 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0001415889-22-008361 · form4-08082022_010855.xml · nonDerivative · entry 1

Sullivan Daniel Joseph · CIK 0001397858 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,146.055

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 8,464.725 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0001415889-22-008359 · form4-08082022_010821.xml · nonDerivative · entry 1

Duke Charles B · CIK 0001397747 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,848.803

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 8,464.725 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0001415889-22-000899 · form4-01312022_010107.xml · derivative · entry 1

MULVIHILL JAMES R · CIK 0001046633 · Director · CHAIRMAN

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 836,650.68

Underlying: Class I Common Stock · 465,007.933 shares

Expires not disclosed

F1 · derivative.exercise_price: See Remarks.

F1 · kind: See Remarks.

F1 · derivative.exercise_date: See Remarks.

F1 · derivative.expiration_date: See Remarks.

F2 · balance_after: All of the Class I operating partnership units (the "Units") reported in column 9 of Table II were issued to a limited liability company owned indirectly by the Reporting Person.

F2 · ownership.nature: All of the Class I operating partnership units (the "Units") reported in column 9 of Table II were issued to a limited liability company owned indirectly by the Reporting Person.

SEC source: 0001415889-21-004335 · form4-09102021_120946.xml · nonDerivative · entry 1

Mathis Brian · CIK 0001819289 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,503.473

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F1 · balance_after: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

SEC source: 0001104659-21-088281 · tm2121104-2_4seq1.xml · nonDerivative · entry 1

MULVIHILL JAMES R · CIK 0001046633 · Director · Chairman

10b5-1 filing: Not disclosed

Ownership: Indirect · By Black Creek Diversified Property Advisors LLC

Disclosed balance after: 0

F1 · price: These reported securities are or were owned by Black Creek Diversified Property Advisors LLC (the "Advisor"). The securities reported above may be attributed to the Reporting Person based upon the fact that the Reporting Person is one of several individuals and/or their affiliates that directly or indirectly controls the Advisor. The Reporting Person disclaims beneficial ownership of the reported securities held by the Advisor except to the extent of his pecuniary interest therein. On July 1, 2021, the Reporting Person and other owners of the Advisor sold their interests in the Advisor to an unaffiliated third party, and thereby indirectly disposed of the 20,000 shares of Class E Common Stock owned by the Advisor. The portion of the aggregate consideration received allocable to the 20,000 shares of Class E Common Stock was $7.6313 per share.

F1 · ownership.nature: These reported securities are or were owned by Black Creek Diversified Property Advisors LLC (the "Advisor"). The securities reported above may be attributed to the Reporting Person based upon the fact that the Reporting Person is one of several individuals and/or their affiliates that directly or indirectly controls the Advisor. The Reporting Person disclaims beneficial ownership of the reported securities held by the Advisor except to the extent of his pecuniary interest therein. On July 1, 2021, the Reporting Person and other owners of the Advisor sold their interests in the Advisor to an unaffiliated third party, and thereby indirectly disposed of the 20,000 shares of Class E Common Stock owned by the Advisor. The portion of the aggregate consideration received allocable to the 20,000 shares of Class E Common Stock was $7.6313 per share.

SEC source: 0001415889-21-003498 · form4-07062021_010714.xml · nonDerivative · entry 1

Woodberry John P · CIK 0001397744 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,487.527

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 6,551.964 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0001415889-21-003494 · form4-07062021_010718.xml · nonDerivative · entry 1

Sullivan Daniel Joseph · CIK 0001397858 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,865.84

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 6,551.964 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions and 2,789.222 shares acquired pursuant to the Issuer's Fifth Amended and Restated Distribution Reinvestment Plan.

SEC source: 0001415889-21-003490 · form4-07062021_010740.xml · nonDerivative · entry 1

Duke Charles B · CIK 0001397747 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,076.618

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 6,551.964 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0001209191-21-029622 · doc4.xml · nonDerivative · entry 1

Woodberry John P · CIK 0001397744 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,509.851

F1 · balance_after: Includes 1,370.746 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0001415889-21-000369 · form4-01222021_090140.xml · derivative · entry 1

MULVIHILL JAMES R · CIK 0001046633 · Director · CHAIRMAN

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 371,642.747

Underlying: Class I Common Stock · 203,678.725 shares

Expires not disclosed

F1 · derivative.exercise_price: See Remarks.

F1 · kind: See Remarks.

F1 · derivative.exercise_date: See Remarks.

F1 · derivative.expiration_date: See Remarks.

F2 · balance_after: On 1/20/2021, a total of 611,036.175 Units were issued to the Sponsor. Of those 611,036.175 Units, the Reporting Person's proportionate interest was 203,678.725 Units. All of these Units were subsequently transferred by the Sponsor to a limited liability company owned indirectly by the Reporting Person via a pro rata distribution by the Sponsor to its members. Amount reported also includes prior Units that had been issued to the Sponsor and transferred to a limited liability company owned indirectly by the Reporting Person via a pro rata distribution by the Sponsor to its members.

F2 · ownership.nature: On 1/20/2021, a total of 611,036.175 Units were issued to the Sponsor. Of those 611,036.175 Units, the Reporting Person's proportionate interest was 203,678.725 Units. All of these Units were subsequently transferred by the Sponsor to a limited liability company owned indirectly by the Reporting Person via a pro rata distribution by the Sponsor to its members. Amount reported also includes prior Units that had been issued to the Sponsor and transferred to a limited liability company owned indirectly by the Reporting Person via a pro rata distribution by the Sponsor to its members.

SEC source: 0001104659-20-082963 · a4.xml · nonDerivative · entry 1

Sullivan Daniel Joseph · CIK 0001397858 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,825.621

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vetting and settlement provisions.

F2 · balance_after: Includes 1,370.746 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions and 1,710.576 shares acquired pursuant to the Issuer's Fifth Amended and Restated Distribution Reinvestment Plan.

SEC source: 0001104659-20-082962 · a4.xml · nonDerivative · entry 1

Woodberry John P · CIK 0001397744 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,115.045

F1 · shares: The shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 1,370.746 restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.

SEC source: 0001104659-20-082961 · a4.xml · nonDerivative · entry 1

Duke Charles B · CIK 0001397747 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,115.045

F1 · shares: This shares reported relate to restricted stock units awarded to the reporting person and are subject to specified vesting and settlement provisions.

F2 · balance_after: Includes 1370.746 restricted stock units awarded to the Reporting Person that are subject to specified vesting and settlement provisions.

SEC source: 0001104659-20-069333 · a4.xml · nonDerivative · entry 8

MULVIHILL JAMES R · CIK 0001046633 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By James R. Mulvihill 2012 Irrevocable Trust

Disclosed balance after: 140,682.489

F1 · security: This transaction reflects a charitable donation by the Reporting Person.

SEC source: 0001104659-20-069333 · a4.xml · nonDerivative · entry 7

MULVIHILL JAMES R · CIK 0001046633 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By James R. Mulvihill 2012 Irrevocable Trust

Disclosed balance after: 140,682.489

F1 · security: This transaction reflects a charitable donation by the Reporting Person.

SEC source: 0001104659-20-069333 · a4.xml · nonDerivative · entry 6

MULVIHILL JAMES R · CIK 0001046633 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Mulvihill Family LLC

Disclosed balance after: 140,682.489

F1 · security: This transaction reflects a charitable donation by the Reporting Person.

SEC source: 0001104659-20-069333 · a4.xml · nonDerivative · entry 5

MULVIHILL JAMES R · CIK 0001046633 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Mulvihill Family LLC

Disclosed balance after: 140,682.489

F1 · security: This transaction reflects a charitable donation by the Reporting Person.

SEC source: 0001104659-20-069333 · a4.xml · nonDerivative · entry 4

MULVIHILL JAMES R · CIK 0001046633 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Mulvihill Family LLC

Disclosed balance after: 140,682.489

F1 · security: This transaction reflects a charitable donation by the Reporting Person.

SEC source: 0001104659-20-069333 · a4.xml · nonDerivative · entry 3

MULVIHILL JAMES R · CIK 0001046633 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Mulvihill Family LLC

Disclosed balance after: 140,682.489

F1 · security: This transaction reflects a charitable donation by the Reporting Person.

SEC source: 0001104659-20-069333 · a4.xml · nonDerivative · entry 2

MULVIHILL JAMES R · CIK 0001046633 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Mulvihill Family LLC

Disclosed balance after: 140,682.489

F1 · security: This transaction reflects a charitable donation by the Reporting Person.

SEC source: 0001104659-20-069333 · a4.xml · nonDerivative · entry 1

MULVIHILL JAMES R · CIK 0001046633 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Mulvihill Family LLC

Disclosed balance after: 140,682.489

F1 · security: This transaction reflects a charitable donation by the Reporting Person.

SEC source: 0001628280-20-000947 · wf-form4_158076680986027.xml · nonDerivative · entry 1

KINCAID RICHARD D · CIK 0001209138 · Director · Chairman & Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,564.013

SEC source: 0001104659-20-041856 · a4.xml · derivative · entry 1

MULVIHILL JAMES R · CIK 0001046633 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 167,964.022

Underlying: Class I Common Stock · 167,964.022 shares

Expires not disclosed

F1 · derivative.exercise_price: See Remarks.

F1 · kind: See Remarks.

F1 · derivative.exercise_date: See Remarks.

F1 · derivative.expiration_date: See Remarks.

F2 · balance_after: On 1/1/2020, a total of 503,892.066 Units were issued to the Sponsor. Of those 503,892.066 Units, the Reporting Person's proportionate interest was 167,964.022 Units. All of these Units reported in column 9 of Table II were subsequently transferred by the Sponsor to a limited liability company owned indirectly by the Reporting Person via a pro rata distribution by the Sponsor to its members.

F2 · ownership.nature: On 1/1/2020, a total of 503,892.066 Units were issued to the Sponsor. Of those 503,892.066 Units, the Reporting Person's proportionate interest was 167,964.022 Units. All of these Units reported in column 9 of Table II were subsequently transferred by the Sponsor to a limited liability company owned indirectly by the Reporting Person via a pro rata distribution by the Sponsor to its members.