Brookfield (BN) Adviser LLC redeems management-fee REIT shares in Form 4 filing

Rhea-AI Filing Summary

Brookfield REIT Adviser LLC, a subsidiary of Brookfield Corporation, reported an "other" type transaction in Class I Common Stock of Brookfield Real Estate Income Trust. The Adviser redeemed 324,921.696 shares at $10.365 per share that had been issued as monthly management fee compensation under the advisory agreement. After this redemption, the Adviser’s indirectly held position reported in this filing is 221,317.637 shares. The reporting persons state that they disclaim beneficial ownership of any securities beyond their respective pecuniary interests.

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	324,921.696	$10.365	$3.37M

Holdings After Transaction: Class I Common Stock — 221,317.637 shares (Indirect, Held by Brookfield REIT Adviser LLC)

Footnotes (1)

1. Reflects shares redeemed by Brookfield REIT Adviser LLC (the "Adviser"), a subsidiary of Brookfield Corporation, 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. 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: 324,921.696 shares Redemption price: $10.365 per share Shares after transaction: 221,317.637 shares +2 more

5 metrics

Shares redeemed 324,921.696 shares Class I Common Stock redeemed by Brookfield REIT Adviser LLC

Redemption price $10.365 per share Price for redeemed Class I Common Stock

Shares after transaction 221,317.637 shares Indirect holdings reported following June 30 transaction

Restructuring shares 324,921.696 shares Classified as restructuring/other in transaction summary

Transaction date June 30, 2026 Date of "other" Class I Common Stock transaction

Key Terms

Class I Common Stock, monthly management fee, advisory agreement, Section 16 of the Securities Exchange Act of 1934, +1 more

5 terms

Class I Common Stock financial

"security_title: "Class I Common Stock""

monthly management fee financial

"shares redeemed ... were issued ... as payment of the monthly management fee"

advisory agreement financial

"pursuant to, and subject to the terms and conditions of, the advisory agreement"

An advisory agreement is a written contract that spells out the responsibilities, fees and length of time a company hires an outside advisor — such as a financial, strategic or legal consultant — to provide ongoing guidance. For investors, it matters because the agreement sets costs, performance expectations, and any limits or conflicts that can affect a company’s strategy and financial results, similar to seeing the terms of a hired expert before judging their influence.

Section 16 of the Securities Exchange Act of 1934 regulatory

"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.

beneficial ownership financial

"disclaims beneficial ownership of the securities reported herein"

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/04/2026 - 12:14 PM Accepted by SEC EDGAR 07/01/2026 - 06:34 AM Learn about SEC filing dates

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 Corp /ON/

(Last) (First) (Middle)

BROOKFIELD PLACE

181 BAY STREET, SUITE 100

(Street)

TORONTO ONTARIO, CANADA M5J 2T3

(City) (State) (Zip)

ONTARIO, CANADA

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/30/2026		J(1)		324,921.696	D	$10.365(1)	221,317.637	I	Held by Brookfield REIT Adviser LLC(2)

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 Corp /ON/

(Last) (First) (Middle)

BROOKFIELD PLACE

181 BAY STREET, SUITE 100

(Street)

TORONTO ONTARIO, CANADA M5J 2T3

(City) (State) (Zip)

ONTARIO, CANADA

(Country)

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)

225 LIBERTY STREET, 8TH FLOOR

(Street)

NEW YORK NEW YORK 10281

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Reflects shares redeemed by Brookfield REIT Adviser LLC (the "Adviser"), a subsidiary of Brookfield Corporation, 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.

2. 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	07/01/2026
	Brookfield Corporation, By: /s/ Swati Mandava, Name: Swati Mandava, Title: Managing Director, Legal & Regulatory	07/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Brookfield (BN) report in this Form 4?

Brookfield reported an "other" type transaction where Brookfield REIT Adviser LLC redeemed 324,921.696 shares of Class I Common Stock. These shares had been issued as monthly management fee compensation under the advisory agreement with Brookfield Real Estate Income Trust.

Who actually held and redeemed the shares in this Brookfield (BN) Form 4?

The shares were held and redeemed by Brookfield REIT Adviser LLC, a subsidiary of Brookfield Corporation. The filing notes the position is held indirectly and attributes ownership to the Adviser entity rather than the individuals, consistent with Section 16 reporting rules.

At what price were the Brookfield REIT shares redeemed in this Form 4?

The 324,921.696 Class I Common Stock shares were redeemed at $10.365 per share. This price applies to shares originally issued as payment of the monthly management fee under the advisory agreement with Brookfield Real Estate Income Trust.

How many shares does Brookfield REIT Adviser LLC hold after the reported transaction?

Following the redemption, Brookfield REIT Adviser LLC is reported as indirectly holding 221,317.637 shares of Class I Common Stock. This post-transaction balance reflects the position remaining after 324,921.696 fee-related shares were redeemed in the June 30 transaction.

How were the Brookfield REIT shares originally received before this redemption?

The redeemed shares were originally issued to Brookfield REIT Adviser LLC as payment of the monthly management fee. They served as compensation for advisory services under the advisory agreement among the Adviser, Brookfield REIT Operating Partnership L.P., and Brookfield Real Estate Income Trust.

Do Brookfield (BN) and its Adviser claim full beneficial ownership of all reported shares?

No. The reporting persons explicitly disclaim beneficial ownership of any equity securities beyond their respective pecuniary interests. They state the Form 4 should not be deemed an admission of beneficial ownership above those economic interests, consistent with Section 16 disclosures.