BN Brookfield Corporation

COSTA MESA, Calif., March 6, 2025 /PRNewswire/ -- Brookfield Residential and North America Sekisui House (NASH) are pleased to announce the expansion of their strategic partnership. NASH has invested in five Brookfield Residential master-planned communities (MPCs). With this latest development, the partnership's combined total real estate assets in the United States now total approximately $1.6 billion. This expansion reinforces the partnership's leadership in residential land development and underscores Brookfield Residential's and NASH's commitment to delivering high-quality communities.

Today the Brookfield Residential/NASH combined managed portfolio has approximately 30,000   total single family lots under management further solidifying their presence in the market.  The addition of these master-planned communities extends NASH and Brookfield Residential's combined portfolio to high-growth regions, including Austin, Phoenix, Denver, and Northern California. These areas complement the companies' nine existing markets, further diversifying their geographic footprint and strengthening their ability to meet the evolving needs of homebuyers and builders. The Partnership now covers 11 states, and 13 markets that currently produce ~50% of US single family permits.

Building on a history of successful collaboration, the two companies are leveraging their shared expertise to create vibrant, high-quality planned communities across the nation. This expanded partnership underscores a mutual commitment to innovation, sustainability, and long-term value creation in the residential land sector.

"This milestone investment reflects our dedication to delivering exceptional communities that enhance the quality of life for our residents," said Hiroaki Takahama, Chief Executive Officer of NASH. "By deepening our partnership with Brookfield Residential, we are paving the way for sustainable growth and setting new benchmarks for residential development in the United States."

Adrian Foley, President and Chief Executive Officer of Brookfield Residential, added, "We are thrilled to expand our partnership with NASH.  We have an incredible portfolio of land assets to work on together.  The master planned communities represent some of the finest in the Country and it is exciting to see our combined business grow."

The portfolio includes a significant increase in the number of home sites available to builders, ensuring a robust pipeline for future development. By addressing the growing demand for housing in key markets, the partnership enhances its ability to deliver strategic opportunities and long-term value to all stakeholders.

About Brookfield Residential:
Brookfield Residential Properties ULC is a leading land developer and homebuilder in North America. The company entitles and develops land to create master-planned communities, builds and sells lots to third-party builders, and conducts its own homebuilding operations. Participation in select strategic real estate opportunities includes infill projects, mixed-use developments, and joint ventures. As the flagship North American residential property company of Brookfield Corporation (NYSE: BN; TSX: BN), a global alternative asset manager, Brookfield Residential is committed to excellence in residential development. Further information is available at BrookfieldResidential.com and BrookfieldResidentialLand.com.

About North America Sekisui House (NASH):
North America Sekisui House, LLC (NASH) is the U.S. business arm of Sekisui House, Ltd., one of the world's largest homebuilders and a leader in sustainable residential development. Since entering the North American market in 2010, NASH has been committed to creating vibrant, sustainable communities through thoughtful design, environmental responsibility, and cutting-edge homebuilding technology.  Headquartered in La Jolla, California, NASH partners with premier local developers and homebuilders to deliver high-quality, energy-efficient homes across the United States. For more information visit www.nashcommunities.com.

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SOURCE Brookfield Residential