Form 4: Brookfield Entities Report Real Estate Income Trust Share Redemption

Brookfield Asset Management and related entities reported the redemption of 313,603 Class I Common Stock shares of Brookfield Real Estate Income Trust Inc. at $10.431 per share, related to a management fee payment.

Summary

• Brookfield Asset Management Ltd. and several affiliated entities, all identified as 10% owners, reported a transaction involving shares of Brookfield Real Estate Income Trust Inc.
• The transaction, dated December 31, 2025, involved the disposition (redemption) of 313,603 Class I Common Stock shares.
• The shares were redeemed at a price of $10.431 per share.
• This redemption by Brookfield REIT Adviser LLC was for shares previously issued by the Issuer as payment for monthly management fees, as per the advisory agreement.
• Following the reported transaction, 106,700 shares are beneficially owned indirectly by Brookfield REIT Adviser LLC.
• The reporting persons disclaim beneficial ownership of securities beyond their respective pecuniary interests for Section 16 purposes.

Sentiment

Score: 5

Explanation: The filing reports a routine, expected transaction related to management fee payment and redemption, indicating neither significantly positive nor negative sentiment.

Positives

• The transaction represents a routine operational event where shares issued for management fees are redeemed, indicating adherence to existing advisory agreements.

Negatives

• No explicit negatives are stated in the filing; it reports a standard operational transaction.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Management Comments

• This filing shall not be deemed an admission that for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, that the Reporting Persons are the beneficial owners of any equity securities in excess of their respective pecuniary interests, and each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any.

Industry Context

This transaction is a routine internal operational event for a real estate investment trust (REIT) and its adviser, reflecting the payment and subsequent redemption of management fees in shares. It does not directly indicate broader industry trends but is consistent with standard advisory fee structures in the asset management and real estate sectors.

Related Party Transactions

• The redemption of shares by Brookfield REIT Adviser LLC (the "Adviser") from Brookfield Real Estate Income Trust Inc. (the "Issuer") for management fees constitutes a related party transaction, as the Adviser is an affiliate of the reporting persons and provides services to the Issuer.

Stakeholder Impact

• Shareholders: The redemption of shares for management fees is a pre-agreed operational mechanism and is unlikely to have a direct, immediate impact on existing shareholders beyond the routine adjustment of outstanding shares.
• Management/Adviser: The transaction confirms the payment of management fees to Brookfield REIT Adviser LLC as per the advisory agreement.

Next Steps

• No specific future actions or milestones are mentioned in this filing beyond the reported transaction.

Key Dates

Keywords

Brookfield Asset Management, Brookfield Real Estate Income Trust, SEC Form 4, Beneficial Ownership, Share Redemption, Management Fee, Real Estate Investment Trust, REIT, Equity Transaction