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Residential Rentals Drive Brookfield REIT Growth

Funds From Operations Grows Four Times Since End of Last Year
Among Brookfield REIT’s 2022 multifamily purchases was the 490-unit Briggs & Union in Mount Laurel, New Jersey, for $158 million. (Mitchell Birnbaum/CoStar)
Among Brookfield REIT’s 2022 multifamily purchases was the 490-unit Briggs & Union in Mount Laurel, New Jersey, for $158 million. (Mitchell Birnbaum/CoStar)
CoStar News
November 15, 2022 | 9:09 P.M.

After about a year of operating as a nontraded real estate investment trust, Canadian alternative investment giant Brookfield Asset Management has increased its Brookfield Real Estate Income Trust’s assets by nearly $800 million and more than quadrupled funds from operations in part through single-family rentals.

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