Brookfield Residential
 | |
| Company type | Private |
|---|---|
| Industry | Real Estate Development, Construction |
| Headquarters | Calgary, Alberta, Canada |
Key people | Alan Norris, President & Chief Executive Officer |
| Total assets | $3.4 billion[1] |
| Total equity | $1.6 billion[1] |
Number of employees | 950 (2013)[2] |
| Parent | Brookfield Asset Management |
| Website | brookfieldresidential.com |
Brookfield Residential Properties Inc. is a land developer and homebuilder in North America with its headquarters in Calgary, Alberta, Canada.[3] 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.[4] The company also participates in select, strategic real estate opportunities including infill projects, mixed use developments, and joint ventures.[4] 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.[5]
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.[3] 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.[4]
References
- ^ a b Brookfield Residential. "2014 Annual Report" (PDF).
- ^ Brookfield Residential. "2013 Annual Report" (PDF).
- ^ a b Myke Thomas (April 4, 2011). "Merger makes Brookfield a real estate titan". Calgary Sun. Retrieved April 4, 2012.
- ^ a b c Market Wired (March 13, 2015). "Brookfield Asset Management Closes Going Private Transaction of Brookfield Residential". Retrieved March 27, 2015.
- ^ "Brookfield Residential Properties Inc. Completes Annual Filings" (Press release). Brookfield Residential Properties Inc. February 17, 2012. Retrieved April 4, 2012.