Form 4: Brookfield Corp Reports Acquisition of 85,013 Shares in Brookfield Real Estate Income Trust

Brookfield Corp and related entities report the acquisition of 85,013 shares of Brookfield Real Estate Income Trust as payment of the monthly management fee.

Summary

• Brookfield Corp, along with several related entities, filed a Form 4 detailing changes in beneficial ownership of Brookfield Real Estate Income Trust Inc. (NA).
• On May 20, 2024, Brookfield REIT Adviser LLC acquired 85,013 shares of Class I Common Stock at a price of $11.3174 per share.
• These shares were issued as payment of the monthly management fee for services provided to the Issuer, pursuant to the advisory agreement.
• Following the transaction, the reporting entities indirectly own 351,150 shares.
• The filing clarifies that the reporting persons disclaim beneficial ownership of the securities reported, except to the extent of their respective pecuniary interests.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, indicating a standard transaction. Sentiment is neutral.

Positives

• The acquisition of shares as payment for management fees aligns the interests of the advisor with the performance of the REIT.

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 management fees is a related party transaction.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects the standard compensation structure for the REIT's advisor.

Key Dates