Brookfield Public Securities Group Announces Changes to Brookfield Real Assets Income Fund Portfolio Management Team
New York, NY – February 12, 2025 – Brookfield Public Securities Group LLC (PSG), an affiliate of Brookfield Asset Management, announced today important updates regarding the portfolio management team of the Brookfield Real Assets Income Fund Inc. (RA or the “Fund”).
New Appointments
Effective March 1, 2025, James M. Smith will assume the role of Portfolio Manager for the Fund, succeeding John D. Doe who is retiring after a distinguished career of over 20 years with PSG. Joining Smith as Co-Portfolio Managers will be Jane A. Johnson and Mark R. Thompson. Johnson and Thompson bring extensive experience in real estate investment and asset management, having spent the last decade with leading real estate investment firms.
Background of the Appointees
James M. Smith
Smith has over 15 years of experience in the financial services industry, with the last eight years dedicated to real estate investing. He holds a Bachelor’s degree in Finance from New York University and an MBA from Columbia Business School. Prior to joining PSG, Smith worked as a Real Estate Analyst at XYZ Real Estate Investment Trust.
Jane A. Johnson
Johnson has spent the last ten years with ABC Real Estate Investment Management, most recently serving as a Senior Vice President and Portfolio Manager. She holds a Bachelor’s degree in Business Administration from the University of California, Berkeley, and an MBA from Harvard Business School. Johnson is a CFA charterholder and has been an active member of the Real Estate Investment Advisory Council since 2015.
Mark R. Thompson
Thompson began his career in real estate at DEF Asset Management, where he rose to the position of Senior Vice President and Head of Asset Management. He holds a Bachelor’s degree in Economics from the University of Michigan and an MBA from the Wharton School of the University of Pennsylvania. Thompson is a member of the Urban Land Institute and the National Association of Real Estate Investment Trusts.
Impact on Individual Investors
The new management team’s expertise and experience in real estate investment and asset management are expected to contribute positively to the Fund’s performance. While the transition may result in short-term volatility, the long-term benefits of the new leadership are anticipated to outweigh any potential risks.
Impact on the World
The real estate sector is a significant component of the global economy, and the Brookfield Real Assets Income Fund is one of the largest publicly traded real estate investment trusts. The appointment of a new management team may influence investor sentiment and market trends. However, the overall impact on the real estate industry and the world at large is expected to be minimal.
Conclusion
Brookfield Public Securities Group’s announcement of new appointments to the management team of the Brookfield Real Assets Income Fund marks a new chapter for this leading real estate investment trust. With their extensive experience and expertise in real estate investment and asset management, James M. Smith, Jane A. Johnson, and Mark R. Thompson are poised to drive the Fund’s performance and create value for its investors. While the transition may bring short-term volatility, the long-term benefits are expected to outweigh any potential risks. The impact on individual investors and the world at large is anticipated to be positive, as the new management team’s expertise is expected to contribute to the continued success of the Fund and the real estate sector.
Brookfield Asset Management remains committed to delivering superior risk-adjusted returns to its investors and maintaining its position as a leading global alternative asset manager.
