Brookfield is a global alternative asset manager with over $1.1 trillion of assets under management across its Renewable Power & Transition, Infrastructure, Private Equity, Real Estate, and Credit businesses.[1] With a history as an owner and operator that dates back more than 100 years[2], we invest in assets and businesses that we believe help form the backbone of the global economy. Leveraging our global reach, access to large-scale capital and operational expertise, we offer an extensive suite of alternative investment products to institutional investors, sovereign wealth funds and private investors around the world.
Real Estate
Brookfield is one of the world’s largest and most successful real estate investors, with a legacy spanning more than a century and a reputation for delivering value through all market cycles, with approximately $278 billion of AUM[1] across logistics, housing, hospitality, mixed-use, office, retail, science & innovation, self-storage, triple net lease and entertainment. We believe that our deep global sourcing network allows us to acquire high-quality assets in supply-constrained markets and execute operational enhancements, with the goal of generating consistent long-term cash flows.
Our investment philosophy is simple and consistent: acquire high quality assets, invest on a value basis, and enhance value through active management. Our global footprint and deep operating expertise allow us to spot trends in real time and enhance efficiencies to consistently deliver strong returns for our investors through market cycles.
Performance verification
Brookfield’s Private Funds track records are calculated and disclosed in accordance with Brookfield’s Fund Performance Measurement Guideline (“the Guideline”). The Guideline establishes a consistent, comparable approach to defining, calculating and disclosing performance measures for Brookfield’s Private Funds. Brookfield’s performance reporting practices take into consideration industry guidelines and existing industry practices.
1 As of June 30, 2025. Totals may not add due to rounding. Assets under management (“AUM”) refers to the total fair value of assets managed by Brookfield Corporation and/or Brookfield Asset Management Ltd. (collectively, “Brookfield”), calculated as follows: (a) investments (excluding AUM attributable to Oaktree Capital Management (“Oaktree”)) that Brookfield either: consolidates for accounting purposes, or does not consolidate for accounting purposes but over which Brookfield has significant influence , are calculated at 100% of the total fair value of the investment taking into account its full capital structure – equity and debt – on a gross asset value basis, even if Brookfield does not own 100% of the investment, with the exception of investments held through Brookfield’s perpetual funds, which are calculated at Brookfield’s proportionate economic share of the investment’s net asset value; (b) all other Brookfield investments (excluding Oaktree) are calculated at Brookfield’s proportionate economic share of the total fair value of the investment taking into account its full capital structure – equity and debt – on a gross asset value basis, with the exception of investments held through Brookfield’s perpetual funds, which are calculated in the same manner as described above; and Brookfield AUM that is attributable to Oaktree is calculated as described at https://www.oaktreecapital.com/about. Both Oaktree and Brookfield Public Securities Group LLC (“PSG”) operate separately from the rest of Brookfield pursuant to an information barrier by which Oaktree and PSG manage their investment activities independently of the rest of Brookfield. Brookfield’s methodology for determining AUM differs (and in some cases such difference could be significant) from the methodology that is employed by other alternative asset managers as well as the methodology for calculating regulatory AUM that is prescribed for certain regulatory filings. Brookfield’s AUM is rounded to the nearest $25 billion. Brookfield’s Real Estate Group AUM as presented here does not include AUM attributable to Oaktree or PSG.
2 Brookfield was founded in 1899 and operated under the name Brascan until 2005 when it was changed to Brookfield.
Sector forecasts
We believe a convergence of structural forces is reshaping global real estate and creating differentiated opportunities for active investors. Enduring themes of digitalization, demographics and deglobalization are driving this shift. Digitalization (e-commerce, AI, cloud computing) supports growth in logistics, data centers and tech-enabled buildings. Demographic trends such as household formation, urban migration and aging populations underpin housing demand, while the expansion of the middle class and generational preferences for experiences over goods are fueling growth in the hospitality sector. Deglobalization accelerates onshoring and regional logistics growth. Our outlook centers on deploying capital into high-quality real estate and scalable operating platforms where active asset management, sustainability and local expertise can drive long-term value creation.
HOUSING: Housing remains our highest conviction sector, grounded in demographic tailwinds: household formation, student enrollment trends, urban migration and an aging population. Affordability constraints and structural undersupply reinforce rent growth across housing types such as multifamily, student housing, single-family rental, manufactured housing and senior living. Across geographies, we see structural demand growth from the U.S. to Europe and emerging markets like India supported by urbanization and an expanding middle class. Combined with tightening supply and a need for disciplined operations, these forces make rental housing a resilient asset class with durable, long-term tailwinds.
LOGISTICS AND DATA CENTERS: Logistics fundamentals remain healthy as deglobalization and onshoring reshape supply chains and increase demand for proximate, modern fulfillment near population centers. Our global logistics platform targets high-quality assets in land-constrained hubs where limited new supply supports rent reversion and durable income. Data centers are integral to this thesis: hyperscale, cloud and edge facilities are being built in key connectivity hubs that overlap materially with logistics corridors, creating synergies around power, fiber and site access.
OFFICE: The global office market is showing a selective recovery characterized by bifurcation between asset quality and performance. Prime, welllocated, energy-efficient buildings are showing strong fundamentals, with leasing, rents and occupancy driven by a shortage of high-quality stock and tenant flight-to-quality. Secondary office markets and lower quality assets continue to face challenges. We continue to see strong leasing momentum in premium markets such as New York City, Seoul and London, where flight-toquality is real and enduring, as well as markets with structural demand drivers and significant growth, such as India.
HOSPITALITY: Travel and leisure demand remains robust, supported by demographic trends, such as rising middle-class incomes, urbanization and younger cohorts prioritizing experiences. We focus on high barrier-to-entry luxury, resort and lifestyle hotels where limited development and brand recognition create pricing power. In particular, we see opportunity in European hospitality markets, where tourism continues to grow, yet hotels remain largely independent and undercapitalized, creating attractive conditions for institutional investment. The APAC hospitality market has also entered a growth cycle, supported by domestic tourism recovery, strong demographic fundamentals and constrained new supply, especially in the luxury segment. We expect durable returns to thrive where brand recognition and experience converge with strong local demand.
Investment principles & strategy
Brookfield’s investment strategy and process remains consistent through market cycles – we employ a disciplined, but flexible approach to evaluating and underwriting opportunities allowing us to adapt to changing conditions. We continue to focus on the three key components of our investment approach:
- Acquire High-Quality Assets
We will focus on high-quality, well-located real estate in sectors where we believe Brookfield has specialized knowledge and conviction and in markets where we believe we can leverage our local presence. - Invest on a Value Basis
We will seek to generate attractive, risk-adjusted returns by leveraging our global platform to source and structure transactions—including those whose size or complexity may serve as a barrier to entry—to access high-quality assets on a favorable basis. We will exercise discipline in pricing and will target situations where we believe that high-quality assets can be acquired below their intrinsic value, helping to protect against unfavorable market movements in real estate pricing. - Enhance Value Through Operating Expertise
We will build on a history of successfully operating assets and businesses through multiple market cycles. We seek to leverage Brookfield’s in-house market knowledge, relationships and execution capabilities across sectors and regions, with the goal of maximizing risk-adjusted returns and optimizing dispositions.
Strategic corporate development
As a leading global alternative asset manager, Brookfield’s principal business priority is to continue providing our clients with innovative alternative investment products. Within our established strategies, we are scaling up our large flagship funds, which we believe helps enable us to source the most attractive investment opportunities and maximize the funds’ return potential. We are also continuing to expand our credit partnerships with Oaktree Capital, Castlelake, Angel Oak Companies, LCM, Primary Wave, 17Capital and others to explore additional ways of leveraging the Firm’s credit expertise for the benefit of our investors. Newer areas of focus that will continue to be priorities for us over the next few years include: investing in the transition of the economy to net-zero carbon emissions; providing a range of capital and investment solutions to insurance companies around the world; furthering our private credit offerings; and enhancing our presence in secondaries, where we believe our clients are increasingly looking for managers with scale and operational expertise. Through their common ownership and the Manager’s continued oversight of many of the Corporation’s investments, we plan to preserve the extensive synergies that historically have existed between our asset management and proprietary capital investing functions.
COMPLIANCE STATEMENT
Material provided is for educational and informational purposes only and does not constitute, and should not be construed as, an offer to sell, a solicitation of an offer to buy, or an advertisement for, any securities, related financial instruments or investment advisory services. It is not intended to provide an overview of the terms applicable to any products sponsored by Brookfield Asset Management Ltd. and its affiliates, nor does it constitute an investment recommendation, and it should not be relied upon as investment advice. Investors should consult with their advisors prior to making an investment in any fund or program, including any Brookfield-sponsored fund or program.
