Exhibit 23.1
Consent of Independent Registered Public Accounting Firm
We consent to the reference to our firm under the caption “Experts” in the Post-Effective Amendment No. 7 to the Registration Statement (FormS-11No. 333-223022) and related Prospectus of Oaktree Real Estate Income Trust, Inc. for the registration of up to $2,000,000,000 in shares of its common stock and to the incorporation by reference therein of our report dated March 27, 2020 with respect to the consolidated financial statements of Oaktree Real Estate Income Trust, Inc. included in its Annual Report (Form10-K) for the year ended December 31, 2019, filed with the Securities and Exchange Commission.
/s/ Ernst & Young
Los Angeles, California
April 8, 2020