Press Release November 19, 2021

Brookfield Completes Transition of Public, Non-listed REIT from Oaktree

Alston & Bird client Brookfield Asset Management Inc. has completed the transition to advising Brookfield Real Estate Income Trust Inc. (formerly Oaktree Real Estate Income Trust Inc.), a public, non-listed real estate investment trust (REIT) formerly overseen by subsidiary Oaktree Capital Management. The total asset value of the REIT is approximately $1 billion.
 
The REIT is distributed by Brookfield Oaktree Wealth Solutions, a wealth management platform established to offer institutional-caliber alternative investment products to qualified individual investors globally. 
 
Brookfield Asset Management is a leading global alternative asset manager with approximately $650 billion of assets under management across real estate, infrastructure, renewable power, private equity, and credit. Headquartered in Toronto, the company is listed on the New York and Toronto stock exchanges.
 
Advising Brookfield Asset Management on the transaction is an Alston & Bird team led by partners Rosemarie Thurston and Jason Goode, counsel Aaron Hendricson, senior associates Daniel Honeycutt and Ian Jones, and associates Alexa Shockley and Kitan Ajanaku (REITs & Funds) and partner Shawna Tunnell and senior associate Stefanie Kavanagh (Federal & International Tax).
Media Contact
Nicholas Clarke
Communications Director
Phone: 212.210.1222

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