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Brookfield REIT Adviser paid fee in stock on Form 4

BROOKFIELD REAL ESTATE INCOME TRUST INC. reported an equity-based management fee payment.

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Form Type
4

Rhea-AI Filing Summary

BROOKFIELD REAL ESTATE INCOME TRUST INC. reported an equity-based management fee payment. The company issued 105,895 shares of Class I common stock at a price of $10.3778 per share to Brookfield REIT Adviser LLC as the monthly management fee under its advisory agreement.

After this transaction, the Adviser held a total of 426,650.841 shares of the issuer’s common stock. The shares are held directly by the Adviser and indirectly through several Brookfield-affiliated entities, which all disclaim beneficial ownership beyond their respective pecuniary interests.

Insider Brookfield Asset Management Ltd., BROOKFIELD Corp /ON/, Brookfield Asset Management ULC, Brookfield US Holdings Inc., Brookfield US Inc., Brookfield Property Master Holdings LLC, Brookfield Property Group LLC, Brookfield REIT Adviser LLC
Role 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Type Security Shares Price Value
Other Class I Common Stock 105,895 $10.3778 $1.10M
Holdings After Transaction: Class I Common Stock — 426,650.841 shares (Indirect, Held by Brookfield REIT Adviser LLC)
Footnotes (4)
  1. F1. Reflects shares issued to Brookfield REIT Adviser LLC (the "Adviser") by the Issuer as payment of the monthly management fee as compensation for the services the Adviser provides to the Issuer, pursuant to, and subject to the terms and conditions of, the advisory agreement among the Adviser, Brookfield REIT Operating Partnership L.P. and the Issuer.
  2. F2. These shares are held directly by the Adviser and indirectly by Brookfield Corporation ("BCORP"), Brookfield Asset Management Ltd. ("BAM"), Brookfield Asset Management ULC ("BAM-ULC"), Brookfield US Holdings Inc. ("BUSHI"), Brookfield US Inc. ("BUSI"), Brookfield Property Master Holdings LLC ("BPM Holdings") and Brookfield Property Group LLC ("BPG"). BCORP is a holder of common shares of BAM-ULC, an ownership interest in BAM and special tracking preferred shares and Class B senior preferred shares of BUSHI. BAM is a holder of common shares of BAM-ULC. BAM-ULC is the holder of Class B common shares of BUSHI. BUSHI is the holder of Class A common shares and Class C preferred shares of BUSI. BUSI is the managing member of BPM Holdings. BPM Holdings is the sole member of BPG, which is the managing member of the Adviser.
  3. F3. Includes shares of the Issuer's common stock issued pursuant to the Issuer's distribution reinvestment plan.
  4. F4. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did Brookfield REIT Adviser report on this Form 4 for BAM?
The filing reports an equity-based fee payment where 105,895 Class I common shares of Brookfield Real Estate Income Trust were issued to Brookfield REIT Adviser LLC as a monthly management fee under the existing advisory agreement.

What price per share was used for the Brookfield REIT Adviser stock fee?
The management fee was paid in shares valued at $10.3778 per share. This price was applied to issue 105,895 Class I common shares to Brookfield REIT Adviser LLC as compensation for advisory services to Brookfield Real Estate Income Trust.

How many Brookfield REIT shares does the Adviser hold after this transaction?
Following the reported transaction, Brookfield REIT Adviser LLC holds 426,650.841 Class I common shares of Brookfield Real Estate Income Trust. This total includes shares received as management fees and shares issued through the issuer’s distribution reinvestment plan.

Who ultimately has an interest in the Brookfield REIT shares issued as fees?
The shares are held directly by Brookfield REIT Adviser LLC and indirectly through several Brookfield-affiliated entities. Each reporting person disclaims beneficial ownership beyond its pecuniary interest, consistent with the disclosure under Section 16 of the Exchange Act.

Does this Brookfield Form 4 represent a buy or sell of BAM-listed shares?
The Form 4 reflects an “other” transaction, not an open-market buy or sell. Shares of Brookfield Real Estate Income Trust were issued to the Adviser as a stock-based management fee, rather than purchased or sold on an exchange.

What agreement governs the stock fee paid to Brookfield REIT Adviser LLC?
The stock fee is paid under an advisory agreement among Brookfield REIT Adviser LLC, Brookfield REIT Operating Partnership L.P., and Brookfield Real Estate Income Trust. It compensates the Adviser monthly for providing management services to the real estate income trust.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Brookfield Asset Management Ltd.
(Last) (First) (Middle)
250 VESEY STREET, 15TH FLOOR
(Street)
NEW YORK NY 10281
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BROOKFIELD REAL ESTATE INCOME TRUST INC. [ N/A ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class I Common Stock 02/20/2026 J(1) 105,895 A $10.3778(1) 426,650.841 I Held by Brookfield REIT Adviser LLC(2)(3)(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Brookfield Asset Management Ltd.
(Last) (First) (Middle)
250 VESEY STREET, 15TH FLOOR
(Street)
NEW YORK NY 10281
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
BROOKFIELD Corp /ON/
(Last) (First) (Middle)
BROOKFIELD PLACE
181 BAY STREET, SUITE 100
(Street)
TORONTO A6 M5J 2T3
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Brookfield Asset Management ULC
(Last) (First) (Middle)
BROOKFIELD PLACE
181 BAY STREET, SUITE 100
(Street)
TORONTO A6 M5J 2T3
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Brookfield US Holdings Inc.
(Last) (First) (Middle)
BROOKFIELD PLACE
181 BAY STREET, SUITE 100
(Street)
TORONTO A6 M5J 2T3
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Brookfield US Inc.
(Last) (First) (Middle)
250 VESEY STREET, 15TH FLOOR
(Street)
NEW YORK NY 10281
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Brookfield Property Master Holdings LLC
(Last) (First) (Middle)
250 VESEY STREET, 15TH FLOOR
(Street)
NEW YORK NY 10281
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Brookfield Property Group LLC
(Last) (First) (Middle)
250 VESEY STREET, 15TH FLOOR
(Street)
NEW YORK NY 10281
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Brookfield REIT Adviser LLC
(Last) (First) (Middle)
250 VESEY STREET, 15TH FLOOR
(Street)
NEW YORK NY 10281
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. Reflects shares issued to Brookfield REIT Adviser LLC (the "Adviser") by the Issuer as payment of the monthly management fee as compensation for the services the Adviser provides to the Issuer, pursuant to, and subject to the terms and conditions of, the advisory agreement among the Adviser, Brookfield REIT Operating Partnership L.P. and the Issuer.
2. These shares are held directly by the Adviser and indirectly by Brookfield Corporation ("BCORP"), Brookfield Asset Management Ltd. ("BAM"), Brookfield Asset Management ULC ("BAM-ULC"), Brookfield US Holdings Inc. ("BUSHI"), Brookfield US Inc. ("BUSI"), Brookfield Property Master Holdings LLC ("BPM Holdings") and Brookfield Property Group LLC ("BPG"). BCORP is a holder of common shares of BAM-ULC, an ownership interest in BAM and special tracking preferred shares and Class B senior preferred shares of BUSHI. BAM is a holder of common shares of BAM-ULC. BAM-ULC is the holder of Class B common shares of BUSHI. BUSHI is the holder of Class A common shares and Class C preferred shares of BUSI. BUSI is the managing member of BPM Holdings. BPM Holdings is the sole member of BPG, which is the managing member of the Adviser.
3. Includes shares of the Issuer's common stock issued pursuant to the Issuer's distribution reinvestment plan.
4. 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.
Remarks:
The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act.
Brookfield REIT Adviser LLC, By: /s/ Michelle Campbell, Name: Michelle Campbell, Title: Attorney-in-Fact 02/24/2026
Brookfield Property Group LLC, By: /s/ Michelle Campbell, Name: Michelle Campbell, Title: Attorney-in-Fact 02/24/2026
Brookfield Property Master Holdings LLC, By: /s/ Michelle Campbell, Name: Michelle Campbell, Title: Attorney-in-Fact 02/24/2026
Brookfield US Inc., By: /s/ Kathy Sarpash, Name: Kathy Sarpash, Title: Secretary 02/24/2026
Brookfield US Holdings Inc., By: /s/ Kathy Sarpash, Name: Kathy Sarpash, Title: Vice President & Secretary 02/24/2026
Brookfield Asset Management ULC, By: /s/ Kathy Sarpash, Name: Kathy Sarpash, Title: Vice President & Secretary 02/24/2026
Brookfield Asset Management Ltd., By: /s/ Kathy Sarpash, Name: Kathy Sarpash, Title: Managing Director, Legal & Regulatory and Corporate Secretary 02/24/2026
Brookfield Corporation, By: /s/ Swati Mandava, Name: Swati Mandava, Title: Managing Director, Legal & Regulatory 02/24/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

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