Brookfield completes transition of nontraded REIT from Oaktree

Brookfield Asset Management and Oaktree Capital Management have completed the previously announced transition of the advisory role of Oaktree Real Estate Income Trust (Oaktree REIT) to Brookfield and have renamed the nontraded REIT Brookfield Real Estate Income Trust Inc. (Brookfield REIT).

Brookfield REIT will be distributed by Brookfield Oaktree Wealth Solutions, a wealth-management platform established to offer institutional-caliber alternative investment products to qualified individual investors globally. Through Brookfield REIT, individual investors can obtain exposure to the same investment teams and operating standards that Brookfield applies across its more than $200 billion of real estate assets under management.

“We are extremely pleased to formally launch the new Brookfield REIT, combining Brookfield’s vast global real estate business with Oaktree’s leading credit capabilities,” said Zach Vaughan, managing partner at Brookfield and CEO of Brookfield