Harman Patil (Editor)

Brookfield Residential

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Type
  
Private

Number of employees
  
950 (2013)

Total assets
  
3.4 billion USD

Headquarters
  
Calgary, Canada

Founded
  
1956

Total equity
  
1.6 billion USD


Industry
  
Real Estate Development, Construction

Key people
  
Alan Norris, President & Chief Executive Officer

Website
  
brookfieldresidential.com

Parent organization
  
Brookfield Asset Management

Subsidiaries
  
BROOKFIELD HOMES CORP

Profiles

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Brookfield Residential Properties Inc. is a land developer and homebuilder in North America with its headquarters in Calgary, Alberta, Canada. The company entitles and develops land to create master planned communities; builds and sells lots to third-party developers as well as their own home building division. The company also participates in select, strategic real estate opportunities including infill projects, mixed use developments, and joint ventures. As of December 31, 2011, it controls over 100,000 lots and operates in the following markets: Calgary, Edmonton, Toronto, Austin, Denver, Los Angeles, Sacramento, San Francisco, San Diego, and Washington D.C. area.

Contents

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History

Brookfield Residential Properties Inc. was formed on March 31, 2011, upon the completion of a merger that combines Brookfield Homes Corporation with the residential group of Brookfield Office Properties consisting of Carma Developers and Brookfield Homes (Ontario) Limited. On March 13, 2015, Brookfield Asset Management and Brookfield Residential Properties Inc. announced the closing of the going private transaction of Brookfield Residential as a result of the 32.4 million common shares of Brookfield Residential acquired by Brookfield Asset Management.

References

Brookfield Residential Wikipedia


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