Discounts to replacement value, in combination with historical recovery trends, present possible opportunity.

Past performance and current forecasts do not guarantee future results. Returns are based on historical index data following selected market downturns and do not reflect all periods.

Downturn definitions and measurement intervals are determined by index methodology. Results are for illustrative purposes only and do not represent actual investor experience. Indexes are unmanaged and cannot be purchased directly by investors.

* Values indexed to 100. Replacement cost represented by Zurich Replacement Value Cost Trends. The cost trends are published to assist in maintaining proper levels of insurable replacement costs for commercial and industrial properties. Commercial property value is represented by Green Street’s  Commercial Property Price Index (CPPI). Source: Cohen & Steers, Green Street and Zurich. As of September 2025.

† Property values represented by Green Street CPPI. Change in property values shown for the 3-, 5- and 10-year period beginning May 1, 2009. Source: Green Street.

As of March 2026.

A Word About Risk 

Alternative investments are complex, speculative investment vehicles and are not suitable for all investors. An investment in an alternative investment entails a high degree of risk, and no assurance can be given that any alternative investment fund’s investment objectives will be achieved or that investors will receive a return of their capital. 

All real estate investments—ranging from equity to debt—are subject to a degree of risk. Due to the physical nature of real assets, such investments may be affected by macroeconomic, political, legal, regulatory or environmental factors, which can impact property values, rental income and occupancy levels. 

The information contained herein is for educational and informational purposes only and does not constitute, and should not be construed as, an offer to sell, or a solicitation of an offer to buy, any securities or related financial instruments. This material discusses broad market, industry or sector trends, or other general economic or market conditions. It is not intended to provide an overview of the terms applicable to any products sponsored by Brookfield Corporation and its affiliates (together, “Brookfield”). Information and views are subject to change without notice. Some of the information provided herein has been prepared based on Brookfield’s internal research, and certain information is based on various assumptions made by Brookfield, any of which may prove to be incorrect. Brookfield may not have verified (and disclaims any obligation to verify) the accuracy or completeness of any information included herein, including information that has been provided by third parties, and you cannot rely on Brookfield as having verified any of the information. The information provided herein reflects Brookfield’s perspectives and beliefs as of the date of this material.

The opinions expressed herein are the current opinions of Brookfield, including its subsidiaries and affiliates, and are subject to change without notice. Brookfield, including its subsidiaries and affiliates, assumes no responsibility to update such information or to notify clients of any changes. Any outlooks, forecasts or portfolio weightings presented herein are as of the date appearing on this material only and are also subject to change without notice. Past performance is not indicative of future performance, and the value of investments and the income derived from those investments can fluctuate. 

Brookfield Private Wealth LLC is a wholly owned subsidiary of Brookfield. Brookfield Private Wealth LLC is registered as a broker-dealer with the U.S. Securities and Exchange Commission (SEC) and is a member of FINRA and the Securities Investor Protection Corporation (SIPC). 

Investors should consult with their advisors prior to making an investment in any fund or program, including a Brookfield-sponsored fund or program. 

Forward-Looking Statements 

Certain statements made throughout this presentation may be “forward-looking” in nature. Due to various risks and uncertainties, actual events or results may differ materially from those reflected or contemplated in such forward-looking information. Therefore, undue reliance should not be placed on such statements. Forward-looking statements may be identified by the use of terminology including, but not limited to, “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. 

Index Provider Disclaimer 

The quoted indexes within this publication are unmanaged and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict the performance of any investment. There may be material factors relevant to any such comparison, such as differences in volatility or regulatory and legal restrictions between the indexes shown and any investment in a Brookfield strategy, composite or fund. Brookfield obtained all index data from third-party index sponsors and believes the data to be accurate; however, Brookfield makes no representation regarding its accuracy. Indexes are unmanaged and cannot be purchased directly by investors. 

Brookfield does not own or participate in the construction or day-to-day management of the indexes referenced in this document. The index information provided is for your information only and does not imply or predict that a Brookfield product will achieve similar results. This information is subject to change without notice. The indexes referenced in this document do not reflect any fees, expenses, sales charges or taxes. It is not possible to invest directly in an index. The index sponsors permit use of their indexes and related data on an “as is” basis, make no warranties regarding same, do not guarantee the suitability, quality, accuracy, timeliness and/or completeness of their index or any data included, related or derived from it, and assume no liability in connection with the use of the foregoing. The index sponsors have no liability for any direct, indirect, special, incidental, punitive, consequential or other damages (including loss of profits). The index sponsors do not sponsor, endorse or recommend Brookfield or any of its products or services. Unless otherwise noted, all indexes are total-return indexes. 

Green Street Commercial Property Price Index (CPPI): A transaction-based index that measures changes in the market values of U.S. commercial real estate properties. Published by Green Street, the index tracks pricing trends across major property sectors and is based on real-time market transactions and pricing data, providing a timely indicator of commercial real estate values and market sentiment. 

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