Form 4: Brookfield Corp Reports Acquisition of 83,406 Shares in Brookfield Real Estate Income Trust Inc.

Brookfield Corp and related entities report the acquisition of 83,406 shares of Brookfield Real Estate Income Trust Inc. due to a management fee payment.

Summary

• Brookfield Corp, along with several related entities, filed a Form 4 detailing changes in beneficial ownership of Brookfield Real Estate Income Trust Inc. (BREIT).
• On June 20, 2024, Brookfield REIT Adviser LLC received 83,406 shares of BREIT common stock at a price of $11.3109 per share as payment for the monthly management fee.
• Following this transaction, the reporting entities collectively beneficially own 436,413 shares.
• The shares are held directly by the Adviser and indirectly by Brookfield Property Group LLC, Brookfield Property Master Holdings LLC, Brookfield US Inc., Brookfield US Holdings Inc., Brookfield Asset Management ULC, and Brookfield Corporation.
• The filing clarifies that the reporting persons disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to management fees, indicating a neutral to slightly positive sentiment as it demonstrates ongoing operations and compensation.

Positives

• The acquisition of shares by the Adviser demonstrates ongoing compensation for services provided to the Issuer.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, providing transparency to the market.

Related Party Transactions

• The issuance of shares to Brookfield REIT Adviser LLC as payment for the monthly management fee constitutes a related party transaction.

Stakeholder Impact

• The transaction impacts shareholders by increasing the number of outstanding shares, potentially diluting ownership slightly.

Key Dates