Brookfield Residential
 | |
| Company type | Private |
|---|---|
| Industry | Real estate development Construction |
| Founded | March 31, 2011 |
| Headquarters | , |
Key people | Alan Norris (President & CEO) |
| Total assets | $4.5 billion[1] |
| Total equity | $1.6 billion[2] |
Number of employees | 950 (2013)[3] |
| Parent | Brookfield Asset Management |
| Website | www |
Brookfield Residential Properties Inc. is a land developer and homebuilder in North America.[4] The company entitles and develops land to create master planned communities, and builds and sells lots to third-party developers and to their own home building division.[5] The company also participates in select, strategic real estate opportunities including infill projects, mixed use developments, and joint ventures.[5] In February 2018 it acquired some of the assets of San Diego-based real estate company OliverMcMillan, a developer of large-scale mixed use properties.[6] Total assets as of June 30, 2018 were $4.5 billion.[7]
History
On September 14, 2018, Calgary’s Seton YMCA was renamed Brookfield Residential YMCA at Seton after a 3.5M investment[8]
Brookfield Residential Properties was awarded the 2018 Lowest HERS Index Score Canadian Production Builder with a HERS Index Score of 38 as part of the 2018 RESNET Cross Border Home Builder Challenge, which helps promote the utilization of the HERS Index.[9]
In 2018, Brookfield Residential Properties acquires some of the assets of San Diego-based real estate company OliverMcMillan, a developer of large-scale mixed use properties.[10]
In 2017 Brookfield Residential Properties constructs a Passive house as a pilot project to educate its trade suppliers on construction methods to meet Passive House Institute standards. [11]
In October 2015, Brookfield Residential purchases luxury builder Albi Homes. [12]
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.[5]
Contributions from Brookfield Residential Properties, other home builders, and the Government of Alberta leads to new affordable housing for homeless Calgarians in 2015. [13]
In March 2015, Brookfield Residential Properties announces the acquisition of Grand Haven Homes, an Austin, Texas homebuilder. [14]
Brookfield Residential Properties Inc. was formed on March 31, 2011, upon the completion of a merger that combines Brookfield Homes|Brookfield Homes Corporation with the residential group of Brookfield Office Properties consisting of Carma Developers and Brookfield Homes|Brookfield Homes (Ontario) Limited.[15]
Brookfield Residential was founded in 1956. <ref> [8], Overview of Brookfield Residential, Retrieved 27 October, 2018
References
- ^ Brookfield Residential 2018 Q2 Interim Report
- ^ Brookfield Residential 2018 2014 Annual Report
- ^ Brookfield Residential 2018 2013 Annual Report
- ^ Myke Thomas (April 4, 2011). "Merger makes Brookfield a real estate titan". Calgary Sun. Retrieved April 4, 2012.
- ^ a b c "Brookfield Asset Management Closes Going Private Transaction of Brookfield Residential" (Press release). GlobeNewswire. March 13, 2015.
- ^ Brookfield Residential Acquires Developer Oliver McMillan, including “Certain Assets”, John Nelson, Shopping Centre Business (The Latest News) Feb 8, 2018
- ^ Brookfield Residential 2018 Q2 Interim Report
- ^ Rumbolt, Ryan. [1], Calgary’s Seton YMCA renamed Brookfield Residential YMCA at Seton after 3.5M investment. Calgary, 14 September 2018.
- ^ [2], Brookfield Residential wins award at 2018 RESNET Cross Border Home Builder Challenge. 27 March, 2018.
- ^ [3], Brookfield Residential Properties acquires some of the assets of San Diego-based real estate company OliverMcMillan. Nelson, John, Shopping Centre Business (The Latest News) 8 Feb, 2018.
- ^ [4], Passive House in a Box, Crowther, Sharon, The Globe and Mail, 7 September, 2017.
- ^ [5], Brookfield Residential acquires luxury builder Albi Homes. Skapin, Josh, Calgary Herald, 16 October, 2015.
- ^ "Collaboration leads to new affordable housing for homeless Calgarians" (Press release). GlobeNewswire. June 9, 2015.
- ^ [6], Brookfield Residential acquires Grand Haven Homes in Central Texas, 2 March, 2015.
- ^ [7], Brookfield Residential and Brookfield Homes report completion of merger and contribution. Calgary and Fairfax, 31 March, 2011.