BROOKFIELD Corp /ON/ 4

What Happened
Brookfield REIT Adviser LLC (reported with several affiliated Brookfield entities that are 10% owners) received 104,268.008 shares of Brookfield Real Estate Income Trust on 2026-01-21. The shares were recorded at $10.43 each for a total value of $1,087,620 and were reported as an "other acquisition or disposition (J)"—the shares were issued to the Adviser as payment of the monthly management fee under the advisory agreement.

Key Details

• Transaction date and price: 2026-01-21, 104,268.008 shares at $10.43 per share (total ≈ $1,087,620).
• Reporting / filing: Form 4 filed 2026-01-23 (timely under Section 16 reporting rules).
• Ownership after transaction: Not specified in the data provided in this summary.
• Footnotes of note:
  • F1: Shares issued to the Adviser as payment of the monthly management fee under the advisory agreement.
  • F2: Shares are held directly by the Adviser and indirectly by multiple Brookfield entities (BAM, BAM-ULC, Brookfield Corp, BUSHI, BUSI, BPM Holdings, BPG) reflecting internal ownership structure.
  • F3: Includes shares issued under the Issuer's distribution reinvestment plan.
  • F4: Reporting Persons disclaim beneficial ownership beyond their pecuniary interest; this filing is joint under Rule 16a-3(j).
• Transaction code: J = other acquisition/disposition (not an open-market buy or sale).

Context
This was a non-market issuance of shares as payment for advisory services (a management-fee-in-kind), not an outright open-market purchase or sale by an executive. Because the reporting parties are institutional/affiliate entities (10% owners) and the shares were issued as compensation, this transaction should be viewed as routine corporate/institutional activity rather than a personal bullish or bearish signal from an individual insider.