LOS ANGELES--(BUSINESS WIRE)--Oaktree Real Estate Income Trust, Inc. (the “REIT”), a non-traded REIT focused on investing in a diversified portfolio of real estate investments, announced that it broke escrow on December 6, 2019, with approximately $150 million in gross proceeds for its continuous offering (“the Offering”). To date, the REIT has made four investments in both real property and private loans. The REIT intends to continue selling shares in the Offering on a monthly basis.
About Oaktree Real Estate Income Trust
Oaktree Real Estate Income Trust, Inc. is a public non-traded real estate income trust sponsored by global alternative investment manager Oaktree Capital Management, L.P. that seeks to invest in a diversified portfolio of real estate investments that generate an attractive, stable current income for regular distribution to our stockholders. We target income-producing properties that offer long-term growth potential to achieve attractive risk-adjusted total returns, with an emphasis on downside protection. For more information, please visit https://www.oaktreereit.com/.
Oaktree is a leader among global investment managers specializing in alternative investments, with $122 billion in assets under management as of September 30, 2019. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 950 employees and offices in 18 cities worldwide. For additional information, please visit Oaktree's website at http://www.oaktreecapital.com/.