Brookfield Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Oaktree Real Estate Income Trust, has declared a monthly net asset value per share for its shares of common stock, as of Sept. 30, 2022.
In addition, during September 2022, Brookfield acquired 31 single-family rental properties, growing their portfolio to a total of 460 homes with an aggregate purchase price of $121 million as of September 30, 2022. The REIT also holds real estate-related loans and securities that consist of 74 investments with an aggregate fair value of approximately $306 million.
Class S shares were valued at $13.87 as of Sept. 30, 2022, compared to $13.86 the previous month.
Class I shares were valued at $13.96 as of Sept. 30, 2022, compared to $13.95 the previous month.
Class T shares were valued at $13.96 as of Sept. 30, 2022, compared to $13.95 the previous month.
Class D shares were valued at $13.81 as of Sept. 30, 2022, compared to $13.77 the previous month.
Shares were originally priced at $10.00 each, plus applicable upfront selling commissions and dealer manager fees.
Class S shares are available through brokerage and transactional-based accounts, Class I shares are available to institutional investors, and Class D are available through fee-based programs. Class C and Class E shares are sold through a private offering. The REIT also offers Class T shares, which are available through brokerage and transactional-based accounts, but none were sold as of Sept. 30, 2022.
The NAV per share is based on the estimated value of the company’s assets, less the estimated value of its liabilities divided by the number of outstanding shares, all as of Sept. 30, 2022.
Investments in real properties increased from $1.83 million in August to $1.84 billion in September, while investments in real estate-related loan and securities increased from $255.4 million to $306.3 million. Investments in unconsolidated entities decreased from $88.6 million to $82.2 million.
Cash and cash equivalents increased from $87.7 million in August to $96.2 million in September, restricted cash decreased from $52.5 million to $31.8 million, and other assets increased from $25.3 million to $26.2 million, month-over-month.
Debt obligations hovered at around ($1.09 billion) month-over-month, and other liabilities increased from ($29.8 million) to (31.4 million). Non-controlling interests in joint ventures increased slightly from ($22.6 million) to ($22.8 million).
There were nearly 86.5 million shares outstanding in September, compared to 81.7 million the previous month.