Form 4: Brookfield Entities Report Redemption of Shares in Brookfield Real Estate Income Trust

Brookfield entities report the redemption of shares by Brookfield REIT Adviser LLC as payment for advisory services.

Summary

• Brookfield Corp and related entities filed a Form 4 detailing changes in beneficial ownership of Brookfield Real Estate Income Trust Inc. shares.
• The filing reports a transaction on March 31, 2024, where Brookfield REIT Adviser LLC redeemed 269,911 shares of Class I Common Stock at a price of $11.4431 per share.
• These shares were issued by the Issuer as payment of the monthly management fee as compensation for the services the Adviser provides to the Issuer.
• Following the transaction, Brookfield REIT Adviser LLC directly holds 179,119 shares, which are indirectly held by several Brookfield entities including Brookfield Property Group LLC, Brookfield Property Master Holdings LLC, Brookfield US Inc., Brookfield US Holdings Inc., Brookfield Asset Management ULC, and Brookfield Corporation.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

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 share redemption is a related party transaction between Brookfield Real Estate Income Trust and Brookfield REIT Adviser LLC, as the shares are issued as payment for advisory services.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in the number of outstanding shares.

Key Dates