Form 4: Brookfield Corp Reports Changes in Beneficial Ownership of Brookfield Real Estate Income Trust Inc.

Brookfield Corp and related entities report changes in beneficial ownership of Brookfield Real Estate Income Trust Inc. common stock due to shares redeemed for management fees.

Summary

• Brookfield Corp and several related entities filed a Form 4 detailing changes in their beneficial ownership of Brookfield Real Estate Income Trust Inc. (NA) common stock.
• The transactions occurred on September 30, 2024.
• 254,936 shares of Class I Common Stock were redeemed at a price of $11.0178 per share.
• These shares were issued by the Issuer as payment of the monthly management fee to Brookfield REIT Adviser LLC.
• Following the transaction, Brookfield REIT Adviser LLC directly holds 169,203 shares.
• The filing clarifies that the reporting persons disclaim beneficial ownership of the securities beyond their respective pecuniary interests.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a transaction related to management fees. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Management Comments

• The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act.
• 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

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 redemption of shares is a related party transaction as it involves Brookfield REIT Adviser LLC receiving shares as payment for services provided to Brookfield Real Estate Income Trust Inc.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, and creditors as it is related to the payment of management fees.

Key Dates