Brookfield (BN) adviser paid in 105,505 REIT shares as management fee
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BROOKFIELD REAL ESTATE INCOME TRUST INC. reported that Brookfield REIT Adviser LLC received 105,505 shares of Class I common stock, valued at $10.3726 per share, as payment of a monthly management fee under its advisory agreement.
Following this non-market compensation transaction, the adviser indirectly holds 329,370 shares. The filing notes an internal reorganization at Brookfield Corporation that removed several related entities from this Form 4 and clarifies that reported holdings include shares issued through the issuer’s distribution reinvestment plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BROOKFIELD Corp /ON/, Brookfield REIT Adviser LLC
Role
null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class I Common Stock | 105,505 | $10.3726 | $1.09M |
Holdings After Transaction:
Class I Common Stock — 329,370 shares (Indirect, Held by Brookfield REIT Adviser LLC)
Footnotes (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. Effective April 20, 2026, Brookfield Corporation underwent an internal reorganization, pursuant to which the following entities are no longer part of this Form 4: Brookfield Asset Management Ltd., Brookfield Asset Management ULC, Brookfield US Holdings Inc., Brookfield US Inc., Brookfield Property Master Holdings LLC and Brookfield Property Group LLC. Includes shares of the Issuer's common stock issued pursuant to the Issuer's distribution reinvestment plan. 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 issued as fee: 105,505 shares
Implied price per share: $10.3726 per share
Total shares after transaction: 329,370 shares
3 metrics
Shares issued as fee
105,505 shares
Class I common stock issued as monthly management fee
Implied price per share
$10.3726 per share
Value used for Class I shares issued as fee
Total shares after transaction
329,370 shares
Indirect holdings of Brookfield REIT Adviser LLC following transaction
Key Terms
distribution reinvestment plan, monthly management fee, internal reorganization, distribution reinvestment plan, +2 more
6 terms
distribution reinvestment plan financial
"Includes shares of the Issuer's common stock issued pursuant to the Issuer's distribution reinvestment plan."
An automatic program that uses cash distributions—such as dividends or other payouts—from a stock or fund to buy additional shares of the same security instead of handing out cash to the investor. Think of it like using store credit you’d otherwise pocket to buy more items: it makes your holding grow over time without you having to manually reinvest, which can compound returns, reduce transaction costs and change the timing of taxable income.
monthly management fee financial
"Reflects shares issued to Brookfield REIT Adviser LLC ... as payment of the monthly management fee as compensation for the services"
internal reorganization financial
"Effective April 20, 2026, Brookfield Corporation underwent an internal reorganization, pursuant to which the following entities are no longer part of this Form 4"
distribution reinvestment plan financial
"Includes shares of the Issuer's common stock issued pursuant to the Issuer's distribution reinvestment plan."
An automatic program that uses cash distributions—such as dividends or other payouts—from a stock or fund to buy additional shares of the same security instead of handing out cash to the investor. Think of it like using store credit you’d otherwise pocket to buy more items: it makes your holding grow over time without you having to manually reinvest, which can compound returns, reduce transaction costs and change the timing of taxable income.
pecuniary interests 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
"This filing shall not be deemed an admission that for purposes of Section 16 of the Securities Exchange Act of 1934, as amended"
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.
FAQ
What insider transaction did Brookfield (BN) report in this Form 4?
Brookfield reported that Brookfield REIT Adviser LLC received 105,505 shares of Class I common stock as a monthly management fee. This is compensation under an advisory agreement, not an open-market purchase or sale of Brookfield Real Estate Income Trust shares.
Was the Brookfield (BN) Form 4 transaction a stock buy or sale?
The Form 4 describes the event as an “other” transaction, not a buy or sale. Shares were issued to Brookfield REIT Adviser LLC as payment of a monthly management fee, rather than through open-market trading or a typical purchase or sale transaction.
What internal changes at Brookfield are mentioned in this Form 4 filing?
The filing notes that, effective April 20, 2026, Brookfield Corporation completed an internal reorganization. Several entities, including Brookfield Asset Management Ltd. and certain U.S. subsidiaries, are no longer part of this Form 4’s reporting group after that reorganization.
How were the Brookfield REIT Adviser LLC fees paid by the issuer?
The issuer paid the monthly management fee to Brookfield REIT Adviser LLC in shares of Class I common stock. These shares were issued under the advisory agreement among the adviser, Brookfield REIT Operating Partnership L.P., and the issuer, in line with the agreement’s terms and conditions.