Brookfield Corp. (BN) Has Announced the Acquisition of Oaktree Capital in Q4

Core Insights - Third Avenue Real Estate Value Fund achieved a return of +11.61% in 2025, outperforming the MSCI ACWI IMI Core Real Estate Index which returned +9.86% [1] - The Fund has generated an annualized return of +8.96% since its inception in 1998, marking its 40th anniversary [1] - The Fund's capital allocation includes 40.3% in U.S.-based companies, 27.5% in North American-based companies, 27.6% in International Real Estate companies, and 4.6% in Cash, Debt & Options [1] Company Highlights - Brookfield Corporation (NYSE:BN) is a key holding in the Fund, focusing on real estate, credit, renewable power, infrastructure, and private equity [2] - As of March 06, 2026, Brookfield Corporation's stock closed at $41.20, with a one-month return of -12.10% and a 52-week gain of 22.74% [2] - Brookfield Corporation has a market capitalization of $92.587 billion [2] Strategic Initiatives - The recent quarter saw significant resource conversion activities within the Fund's holdings, with over one-third of the portfolio engaged in such initiatives [3] - Brookfield Corporation announced the acquisition of the remaining 26% of Oaktree Capital and entered an $80 billion strategic partnership with the U.S. government for nuclear factory construction [3] - The company also plans to recapitalize its Center Parcs hospitality platform for nearly $6 billion, indicating potential value creation [3]