UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Brookfield Real Estate Income Trust Inc. (the “Company”) announces that Brian W. Kingston, the current Chairman of the Board of Directors (the “Board”), will assume the role of Chief Executive Officer of the Company effective April 4, 2023 following the decision by Zachary B. Vaughan to step down as Chief Executive Officer of the Company on March 29, 2023 to pursue other business opportunities. Mr. Vaughan will work alongside Mr. Kingston during a transition period to ensure a smooth handover. Mr. Vaughan will continue to serve as a Director of the Company.
Set forth below is the biographical information for Mr. Kingston:
Brian W. Kingston, age 49, has served as our Chief Executive Officer since April 2023 and has served as Chairman of the Board of the Company since November 2021. Mr. Kingston has also served as a Managing Partner and Chief Executive Officer of Brookfield Asset Management Ltd.’s Real Estate Group and Brookfield Property Partners L.P. since 2015. Mr. Kingston joined Brookfield Corporation (formerly Brookfield Asset Management Inc.) in 2001 and holds an Honors Bachelor of Commerce from Queens University.
| Item 7.01 | Regulation FD Disclosure. |
A copy of the letter to stockholders regarding this change is attached hereto as Exhibit 99.1. The Company uses its website as a channel of distribution of material information about the Company. Financial and other information regarding the Company, including the letter to stockholders referenced above, is posted on and accessible at https://www.brookfieldreit.com/resources/stockholders-communications.
The information provided in this Item 7.01, including Exhibit 99.1, is being “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.
| Item 9.01 | Financial Statements and Exhibits. |
| Exhibit No. | Description | |
| 99.1 | Letter to Stockholders dated April 4, 2023 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: April 4, 2023
| BROOKFIELD REAL ESTATE INCOME TRUST INC. | ||
| By: | /s/ Michelle L. Campbell | |
| Name: | Michelle L. Campbell | |
| Title: | Secretary | |