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Brookfield Residential and North America Sekisui House Expand Strategic Partnership with $1.6 Billion in U.S. Real Estate Assets

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Brookfield Residential and North America Sekisui House (NASH) have expanded their strategic partnership, with NASH investing in five Brookfield Residential master-planned communities. The partnership now manages approximately $1.6 billion in U.S. real estate assets and 30,000 single family lots.

The expansion extends their portfolio to high-growth regions including Austin, Phoenix, Denver, and Northern California, complementing nine existing markets. The partnership now spans 13 markets across 11 states, covering areas that produce approximately 50% of US single family permits.

This strategic expansion strengthens their market presence in residential land development and demonstrates their commitment to creating sustainable, high-quality planned communities across the nation.

Brookfield Residential e North America Sekisui House (NASH) hanno ampliato la loro partnership strategica, con NASH che investe in cinque comunità master-planned di Brookfield Residential. La partnership gestisce ora circa 1,6 miliardi di dollari in beni immobiliari negli Stati Uniti e 30.000 lotti residenziali.

L'espansione estende il loro portafoglio a regioni ad alta crescita, tra cui Austin, Phoenix, Denver e la California settentrionale, integrando nove mercati esistenti. La partnership ora copre 13 mercati in 11 stati, comprendendo aree che producono circa il 50% dei permessi per case unifamiliari negli Stati Uniti.

Questa espansione strategica rafforza la loro presenza nel mercato dello sviluppo di terreni residenziali e dimostra il loro impegno a creare comunità pianificate sostenibili e di alta qualità in tutto il paese.

Brookfield Residential y North America Sekisui House (NASH) han ampliado su asociación estratégica, con NASH invirtiendo en cinco comunidades planificadas por Brookfield Residential. La asociación ahora gestiona aproximadamente 1.6 mil millones de dólares en activos inmobiliarios en EE. UU. y 30,000 lotes unifamiliares.

La expansión extiende su cartera a regiones de alto crecimiento, incluyendo Austin, Phoenix, Denver y el norte de California, complementando nueve mercados existentes. La asociación ahora abarca 13 mercados en 11 estados, cubriendo áreas que producen aproximadamente el 50% de los permisos de viviendas unifamiliares en EE. UU.

Esta expansión estratégica fortalece su presencia en el desarrollo de terrenos residenciales y demuestra su compromiso con la creación de comunidades planificadas sostenibles y de alta calidad en todo el país.

브룩필드 레지덴셜북미 세키수이 하우스(NASH)는 전략적 파트너십을 확대하여 NASH가 브룩필드 레지덴셜의 다섯 개 마스터 플랜 커뮤니티에 투자하게 되었습니다. 이 파트너십은 현재 약 16억 달러의 미국 부동산 자산과 30,000개의 단독 주택 부지를 관리하고 있습니다.

이번 확장은 오스틴, 피닉스, 덴버, 북부 캘리포니아와 같은 고성장 지역으로 포트폴리오를 확장하며, 기존의 아홉 개 시장을 보완합니다. 이 파트너십은 현재 11개 주의 13개 시장에 걸쳐 있으며, 미국 단독 주택 허가의 약 50%를 생산하는 지역을 포함합니다.

이 전략적 확장은 주거지 개발 분야에서의 시장 존재감을 강화하고, 전국적으로 지속 가능하고 고품질의 계획된 커뮤니티를 만드는 데 대한 그들의 의지를 보여줍니다.

Brookfield Residential et North America Sekisui House (NASH) ont élargi leur partenariat stratégique, NASH investissant dans cinq communautés planifiées par Brookfield Residential. Le partenariat gère désormais environ 1,6 milliard de dollars d'actifs immobiliers aux États-Unis et 30 000 lots de maisons individuelles.

Cette expansion étend leur portefeuille à des régions à forte croissance, notamment Austin, Phoenix, Denver et le nord de la Californie, complétant neuf marchés existants. Le partenariat couvre désormais 13 marchés dans 11 États, englobant des zones qui produisent environ 50 % des permis de maisons individuelles aux États-Unis.

Cette expansion stratégique renforce leur présence sur le marché du développement de terrains résidentiels et démontre leur engagement à créer des communautés planifiées durables et de haute qualité à travers le pays.

Brookfield Residential und North America Sekisui House (NASH) haben ihre strategische Partnerschaft erweitert, wobei NASH in fünf von Brookfield Residential geplante Gemeinschaften investiert. Die Partnerschaft verwaltet nun etwa 1,6 Milliarden Dollar an Immobilienvermögen in den USA und 30.000 Einfamilienhausgrundstücke.

Die Expansion erweitert ihr Portfolio auf wachstumsstarke Regionen wie Austin, Phoenix, Denver und Nordkalifornien und ergänzt neun bestehende Märkte. Die Partnerschaft erstreckt sich nun über 13 Märkte in 11 Bundesstaaten und umfasst Gebiete, die etwa 50 % der US-Einzelgenehmigungen für Einfamilienhäuser ausmachen.

Diese strategische Expansion stärkt ihre Marktpräsenz im Bereich der Wohnlandentwicklung und zeigt ihr Engagement für die Schaffung nachhaltiger, hochwertiger geplanter Gemeinschaften im ganzen Land.

Positive
  • Strategic expansion with $1.6B in combined real estate assets
  • Large portfolio of 30,000 single family lots under management
  • Geographic diversification across 13 high-growth markets
  • Strong market presence in regions producing 50% of US single family permits
Negative
  • None.

Insights

Brookfield Residential's expanded partnership with North America Sekisui House (NASH) represents a strategic scaling of operations in the U.S. residential land development sector. The $1.6 billion combined real estate asset portfolio and management of 30,000 single-family lots creates significant operational leverage in the fragmented master-planned community (MPC) market.

This partnership's expansion into high-growth regions including Austin, Phoenix, Denver, and Northern California is particularly noteworthy. These markets align with migration trends toward sunbelt states and technology hubs with favorable demographic and employment fundamentals. The partnership now spans 11 states and 13 markets that produce approximately 50% of U.S. single-family permits - positioning it to capitalize on residential demand across diverse economic regions.

MPCs typically command premium pricing versus standard subdivisions due to their amenities, planned infrastructure, and lifestyle attributes. Their multi-year development horizons also provide resilience through housing cycles, as development pace can be adjusted based on market conditions. The expanded portfolio offers Brookfield enhanced inventory flexibility, potentially improved economies of scale in land acquisition and development, and strengthened relationships with national homebuilders seeking consistent lot supply.

By deepening this relationship with NASH, Brookfield gains additional capital deployment capabilities while maintaining operational control of these communities, potentially accelerating their development timeline while sharing risk.

This partnership expansion reveals a sophisticated capital deployment strategy by Brookfield Residential. Rather than pursuing organic expansion alone, they've structured a capital-efficient approach that leverages NASH's investment to scale their master-planned community portfolio without assuming all capital risk.

The expansion targets geographic diversification across sunbelt growth markets and established coastal regions, creating a naturally hedged portfolio against regional economic fluctuations. This footprint covers markets producing half of all U.S. single-family permits, granting the partnership significant market intelligence and pricing power with national homebuilders seeking consistent lot inventory.

The timing appears strategic amid housing inventory shortages across the U.S. By controlling 30,000 single-family lots, the partnership establishes a substantial pipeline during a period of constrained supply, potentially optimizing profit margins through deliberate phasing of lot releases based on demand conditions.

This partnership structure likely enhances Brookfield's capital returns while maintaining operational control of community development. The structure suggests Brookfield can deploy its development expertise while sharing land acquisition costs, improving overall ROI metrics. For Brookfield's parent company, this represents efficient capital recycling that could accelerate growth in their residential segment while maintaining disciplined balance sheet management.

The expanded alliance creates additional optionality for both partners, including potential future vertical integration opportunities in homebuilding or rental housing development within these communities as market conditions evolve.

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.

Brookfield Residential & North America Sekisui House Expand Partnership with $1.6 Billion in U.S. Real Estate Assets

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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/brookfield-residential-and-north-america-sekisui-house-expand-strategic-partnership-with-1-6-billion-in-us-real-estate-assets-302393654.html

SOURCE Brookfield Residential

FAQ

How many single-family lots does the Brookfield-NASH partnership manage in 2025?

The partnership manages approximately 30,000 total single family lots under management.

What is the total value of Brookfield-NASH's combined real estate assets in the US?

The partnership's combined real estate assets in the United States total approximately $1.6 billion.

Which new markets did Brookfield-NASH expand into with this partnership?

The partnership expanded into Austin, Phoenix, Denver, and Northern California markets.

How many markets and states does the Brookfield-NASH partnership now cover?

The partnership covers 13 markets across 11 states, representing approximately 50% of US single family permits.
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