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Brookfield Residential Properties Inc.
Company type	Subsidiary
Industry	Real estate development; Construction
Founded	March 31, 2011; 13 years ago
Headquarters	Calgary, Alberta, Canada
Key people	Alan Norris (chairman & CEO)
Total assets	$5.7 billion
Total equity	$1.6 billion
Number of employees	950 (2013)
Parent	Brookfield Asset Management
Website	brookfieldresidential.com

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?]}

History

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]

References

^ Toronto Star
^ 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.
^ Brookfield Residential 2018 Q2 Interim Report
^ "Brookfield Residential - Products, Competitors, Financials, Employees, Headquarters Locations". www.cbinsights.com. Retrieved 2023-06-15.
^ [1], Brookfield Residential and Brookfield Homes report completion of merger and contribution. Calgary and Fairfax, 31 March 2011.
^ "Brookfield Asset Management Closes Going Private Transaction of Brookfield Residential" (Press release). GlobeNewswire. March 13, 2015.
^ [2], Brookfield Residential acquires Grand Haven Homes in Central Texas, 2 March 2015.
^ [3], 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.
^ [4], Passive House in a Box, Crowther, Sharon, The Globe and Mail, 7 September 2017.
^ Brookfield Residential Acquires Developer OliverMcMillan, John Nelson, Shopping Centre Business (The Latest News), Feb. 8, 2018.
^ [5], Brookfield Residential wins award at 2018 RESNET Cross Border Home Builder Challenge. 27 March 2018.
^ Rumbolt, Ryan. [6], Calgary’s Seton YMCA renamed Brookfield Residential YMCA at Seton after 3.5M investment. Calgary, 14 September 2018.
^ "DarkSide Ransomware hits North American real estate developer". BleepingComputer. Retrieved 20 June 2021.
^ "Canadian real-estate company Brookfield Residential suffers data breach by new ransomware group DarkSide". thestar.com. 2020-08-25. Retrieved 20 June 2021.