Spark Three Plan

Brookfield Residential Properties is a land developer and homebuilder operating across North America since 1956. The company serves as the flagship residential property division of Brookfield Corporation (NYSE: BN; TSX: BN), a global alternative asset manager. Headquartered in Calgary, Alberta, with operations in Costa Mesa, California, the firm entitles and develops land to create master-planned communities, builds and sells lots to third-party builders, and conducts its own homebuilding operations. The company also participates in select real estate opportunities including infill projects, mixed-use developments, and joint ventures. Brookfield Residential operates in approximately 14 markets across the United States and Canada, with concentrations in California, Texas, Florida, Colorado, Alberta, and Ontario. The company manages over 40 active communities and maintains land banking operations with thousands of managed lots under development. Its geographic footprint includes markets in Southern California, the San Francisco Bay Area, Denver, Austin, Central Texas, Central Florida, the Carolinas, the Washington D.C. area, Calgary, Edmonton, and the Greater Toronto Area. The company's development strategy emphasizes master-planned communities that integrate residential, commercial, and recreational elements. Brookfield Residential partners with third-party homebuilders through lot sales while maintaining its own vertical homebuilding platform focused on single-family and multi-family homes. In June 2025, the company formed a joint venture with Trez Capital to develop Osprey Creek, a 900-lot master-planned community in Polk County, Florida. Earlier transactions included the acquisition of OliverMcMillan assets in February 2018, adding mixed-use development capabilities. The company was taken private by Brookfield Asset Management in March 2015.