Brookfield (NYSE: BAM) adviser unit redeems REIT fee-paid shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BROOKFIELD REAL ESTATE INCOME TRUST INC. reported that Brookfield REIT Adviser LLC, an affiliated adviser entity, redeemed 314,544.881 shares of Class I Common Stock at $10.3726 per share. These shares had been issued to the Adviser as monthly management fee compensation under an advisory agreement. After this transaction, the Adviser holds 220,778.460 Class I shares indirectly through Brookfield-associated entities, which each only recognize interests up to their respective pecuniary stakes.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
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 | 314,544.881 | $10.3726 | $3.26M |
Holdings After Transaction:
Class I Common Stock — 220,778.46 shares (Indirect, Held by Brookfield REIT Adviser LLC)
Footnotes (1)
- Reflects shares redeemed by Brookfield REIT Adviser LLC (the "Adviser") that were issued 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. 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. 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.
Key Figures
Shares redeemed: 314,544.881 shares
Redemption price: $10.3726 per share
Shares held after: 220,778.460 shares
3 metrics
Shares redeemed
314,544.881 shares
Class I Common Stock, transaction code J on 2026-03-31
Redemption price
$10.3726 per share
Price per Class I share in the reported transaction
Shares held after
220,778.460 shares
Class I Common Stock held by Brookfield REIT Adviser LLC after transaction
Key Terms
monthly management fee, advisory agreement, pecuniary interest, Section 16 of the Securities Exchange Act of 1934, +1 more
5 terms
monthly management fee financial
"shares redeemed by Brookfield REIT Adviser LLC that were issued by the Issuer as payment of the monthly management fee as compensation"
advisory agreement financial
"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"
pecuniary interest financial
"each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein"
Section 16 of the Securities Exchange Act of 1934 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, that the Reporting Persons are the beneficial owners"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
beneficial ownership regulatory
"disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What did Brookfield REIT Adviser LLC do in this Form 4 for BAM?
Brookfield REIT Adviser LLC redeemed 314,544.881 Class I Common shares at $10.3726 each. These shares had been previously issued as payment of the monthly management fee under an advisory agreement with Brookfield Real Estate Income Trust Inc.