0001752724-22-278334 Sample Contracts

MANAGEMENT AGREEMENT
Management Agreement • December 13th, 2022 • Apollo Diversified Real Estate Fund

The Trust has been organized to engage in the business of a closed-end management investment company that is operated as an interval fund.

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CENTERSQUARE INVESTMENT MANAGEMENT LLC
Investment Sub-Advisory Agreement • December 13th, 2022 • Apollo Diversified Real Estate Fund • Delaware

THIS INVESTMENT SUB-ADVISORY AGREEMENT (this “Agreement”) is made and entered into this May 2, 2022, by and among Apollo Real Estate Fund Adviser, LLC, a Delaware limited liability company (the “Adviser”) and CenterSquare Investment Management LLC, a Delaware limited liability company (the “Sub-Adviser”).

INVESTMENT SUB-ADVISORY AGREEMENT BY AND AMONG APOLLO REAL ESTATE FUND ADVISER, LLC AND AON INVESTMENTS USA INC.
Investment Sub-Advisory Agreement • December 13th, 2022 • Apollo Diversified Real Estate Fund • Delaware

This Investment Sub-Advisory Agreement (the “Agreement”) is made and entered into as of May 2, 2022, by and between Apollo Real Estate Fund Adviser, LLC, a Delaware limited liability company (the “Advisor”), and Aon Investments USA Inc., an Illinois corporation (the “Sub-Advisor”).

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