Brookfield Residential and North America Sekisui House have expanded their partnership, bringing their combined real estate assets in the United States to about $1.6 billion.
Why it matters: The combined portfolio has 30,000 single-family lots under management in markets such as Austin, Phoenix, Denver, and Northern California. The partnership now covers 11 states and 13 markets that produce almost 50% of U.S. single-family permits.
- The portfolio includes a significant increase in the number of home sites available to builders. 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.
What they’re saying: "This milestone investment reflects our dedication to delivering exceptional communities that enhance the quality of life for our residents," said Hiroaki Takahama, CEO of Sekisui House. "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 CEO of Brookfield Residential, added, "We are thrilled to expand our partnership. 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."
