Brookfield REIT Sees Another Total NAV Decrease, Acquires Tennessee Single-Family Rental

Brookfield Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Oaktree Real Estate Income Trust, had a total monthly net asset value of $956.82 million as of April 30, 2024. This was a 0.74% decrease on the month prior ($963.98 million). In April 2024, the REIT acquired Cannondale Court, a single-family rental portfolio consisting of 89 newly built townhomes in Chattanooga, Tenn., for a purchase price of $25 million.

The REIT declared a monthly NAV per share for its shares of common stock for the month ended April 30, and reported in the May 15, 2024, supplement.

Class S shares were valued at $11.2146 as of April 30 compared to $11.224 per share the month prior, a 0.08% decrease.

Class I shares were valued at $11.3109 per share compared to $11.3174 per share the month prior, a 0.06% decrease.

Class T shares were valued at $11.3109 per share, compared to $11.3174 per share the month prior, a 0.06% decrease.

Class D shares were valued at $11.4093 per share, compared to $11.4227 per share the month prior, a 0.12% decrease.

Shares were originally priced at $10.00 each, plus applicable upfront selling commissions and dealer manager fees.

As of April 2024, Brookfield’s portfolio consisted of 77% real estate properties and 23% real estate-related loans and securities. The real estate properties consisted of rental housing (65%), net lease (24%), logistics (6%), and office (5%). The real estate-related loans and securities consisted of 73 investments with an aggregate fair value of approximately $204 million. Also, there were nearly 85.07 million shares outstanding at the end of April, compared to approximately 85.65 million the previous month.

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