Brookfield Residential


Brookfield Residential Properties Inc. is a land developer and homebuilder in North America. 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. The company also participates in select, strategic real estate opportunities including infill projects, mixed use developments, and joint ventures. 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. Total assets as of June 30, 2018 were $4.5 billion.

History

Brookfield Residential was founded in 1956.
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 Limited.
In March 2015, Brookfield Residential Properties announces the acquisition of Grand Haven Homes, an Austin, Texas homebuilder.
Contributions from Brookfield Residential Properties, other home builders, and the Government of Alberta leads to new affordable housing for homeless Calgarians in 2015.
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.
In October 2015, Brookfield Residential purchases luxury builder Albi Homes.
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.
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.
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.
On September 14, 2018, Calgary’s Seton YMCA was renamed Brookfield Residential YMCA at Seton after a 3.5M investment