BROOKFIELD REAL ESTATE INCOME TRUST INC.

Footnotes

F1

These shares are held directly by BUSI II-C L.P. ("BUSI II-C"). Brookfield Corporation ("BCORP") indirectly owns and controls Brookfield Wealth Solutions Ltd. ("BNT"), BUSI II-C, BUSI II GP-C LLC ("BUSI II-C GP"), the general partner of BUSI II-C, BIM Capital LLC ("BIM") and Brookfield REIT Advisor LLC (the "Adviser") and is the ultimate beneficial owner of the shares directly held by BUSI II-C, BIM and the Adviser. BCORP and BNT have entered into a voting agreement as more fully discussed in the Amendment to Schedule 13D filed by BCORP, BNT, BUSI II-C, BIM and the Adviser on April 22, 2026.↩ 1↩ 2

F2

Effective April 20, 2026, BCORP underwent an internal reorganization, pursuant to which BNT became a reporting person and the following entities are no longer part of this Form 3: Brookfield Holdings Canada Inc., Brookfield Corporate Treasury Ltd., Brookfield Oaktree Holdings Canada Inc., Brookfield Oaktree Holdings, LLC, OCG NTR Holdings, LLC, OCG NTR Holdings Sub LLC, Oaktree Capital Group Holdings GP, LLC, Brookfield Asset Management Ltd., Brookfield Asset Management ULC, Brookfield US Holdings Inc., Brookfield US Inc., Brookfield Property Master Holdings LLC, Brookfield Property Group LLC and Brookfield Public Securities Group Holdings LLC.↩ 1↩ 2

F3

This filing shall not be deemed an admission that for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, that the Reporting Person is the beneficial owner of any equity securities in excess of their respective pecuniary interests, and the Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of the Reporting Person's pecuniary interest therein, if any.↩ 1↩ 2