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Company type | Subsidiary |
---|---|
Industry | Real estate development Construction |
Founded | March 31, 2011 |
Headquarters | , Canada |
Key people | Alan Norris (chairman & CEO) |
Total assets | $5.7 billion [1] |
Total equity | $1.6 billion [2] |
Number of employees | 950 (2013) [3] |
Parent | Brookfield Asset Management |
Website | brookfieldresidential |
Brookfield Residential Properties Inc. is a Canadian real estate developer that has its headquarters in Calgary, Alberta. [4] Total assets were $4.5 billion as of June 2018. [5] [ self-published source? ]
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Brookfield Residential was founded in 1956. [6] Brookfield Residential Properties Inc. was formed on March 31, 2011, when Brookfield Homes Corporation ("Brookfield Homes") and Brookfield Office Properties (consisting of Carma Developers and Brookfield Homes (Ontario) Limited) merged. [7] [ self-published source? ]
In 2015, Brookfield Asset Management purchased 32.4 million common shares of Brookfield Residential in a privatization effort. [8] [ self-published source? ]
In March 2015, Brookfield Residential Properties announced the acquisition of Grand Haven Homes, an Austin, Texas, homebuilder. [9] [ self-published source? ] In October 2015, Brookfield Residential purchased builder Albi Homes. [10] That year Brookfield Residential Properties participated in an initiative with other home builders, and the Government of Alberta to create affordable housing for homeless Calgarians. [11]
In 2017, Brookfield Residential Properties constructed a passive house in an effort to educate its trade suppliers on construction methods to meet Passive House Institute standards. [12]
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. [13] 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. [14]
On September 14, 2018, Calgary's Seton YMCA was renamed Brookfield Residential YMCA at Seton after a $3.5 million investment [15] In August 2020, Brookfield Residential became one of the first victims of the DarkSide hacking group, leading to the stolen data being published on the dark web. [16] [17]
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