Brookfield Residential Properties Inc. is a Canadian real estate developer that has its headquarters in Calgary,

Alberta Alberta ( ) is one of the thirteen provinces and territories of Canada. It is part of Western Canada and is one of the three prairie provinces. Alberta is bordered by British Columbia to the west, Saskatchewan to the east, the Northwest Ter ...

. Total assets were $4.5 billion as of June 2018.

History

Brookfield Residential was founded in 1956. Brookfield Residential Properties Inc. was formed on March 31, 2011, upon the completion of a merger that combined Brookfield Homes, Brookfield Homes Corporation with the residential group of Brookfield Office Properties consisting of Carma Developers and Brookfield Homes, Brookfield Homes (Ontario) Limited. In March 2015, Brookfield Residential Properties announced the acquisition of Grand Haven Homes, an Austin, Texas homebuilder. Contributions from Brookfield Residential Properties, other home builders, and the Government of Alberta lead 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 purchased luxury builder Albi Homes. In 2017, Brookfield Residential Properties constructed a

Passive house "Passive house" (german: Passivhaus) is a voluntary standard for energy efficiency in a building, which reduces the building's ecological footprint. It results in ultra-low energy buildings that require little energy for space heating or coo ...

as a pilot project to educate its trade suppliers on construction methods to meet Passive House Institute standards. In February 2018, it acquired some of the assets of San Diego-based real estate company

OliverMcMillan OliverMcMillan, established in 1978, is a private real estate development firm based in San Diego, California. It creates mixed-use retail, entertainment, and residential projects, both privately and through public-private partnerships with public ...

, 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 investmentRumbolt, Ryan.

Calgary’s Seton YMCA renamed Brookfield Residential YMCA at Seton after 3.5M investment. Calgary, 14 September 2018.

References

{{Reflist Real estate companies of Canada Companies formerly listed on the Toronto Stock Exchange Companies formerly listed on the New York Stock Exchange Brookfield Asset Management