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Brookfield's nontraded REIT has been seeing investors pull money out, like many of its competitors — its redemptions have far surpassed new fundraising — but its executives have decided to make a big splash in hopes of courting investment.

The $1B fund, Brookfield Real Estate Income Trust, on Thursday announced its first new acquisitions since May 2022, a trio of properties totaling $150M. 

It paid $116M for a student housing building in Atlanta: the 25-story, 741-bed Reflection community that opened in 2022 near Georgia State University. 

Brookfield also bought an 89-home townhouse community in Chattanooga, Tennessee, and it is under contract on a 92-unit built-to-rent community in Birmingham, Alabama, that it expects to close next week.