The Kolter Group announced a strategic partnership between its land business and Brookfield Residential’s land development group. The partnership will provide finished residential lots and mixed-use pads to builders in the Southeast.
As part of the collaboration, Jim Harvey will pivot from his role as president of Kolter Land to head the partnership.
The companies said the collaboration combines Kolter’s operational strength in the Southeast with Brookfield Residential’s experience in real estate investments and scaling businesses. The partnership plans to capitalize on the long-term growth potential of the Southeastern region as well as to increase the desire among builders to place land development “in the hands of expert partners.”
“Our partnership with Brookfield Residential represents a significant milestone for Kolter Land. Our shared vision, and complementary strengths, position us to be the land developer of choice in the Southeast,” Harvey says. “We look forward to a successful collaboration that will benefit our partnership and the communities we serve.”
Brookfield Residential specializes in land entitlement and development to create neighborhoods and master-planned communities across the United States. The firm provides lots to third-party customers, including their own home building business. Through the partnership, Brookfield Residential will build upon the strong existing relationships of Kolter Land, which has sold lots to public and private builders and retail and multifamily parcels to vertical developers in the Southeast.
“We are thrilled to partner with Kolter to expand our operations in the Southeast market,” Adrian Foley, president and CEO of Brookfield Residential, said. “Our combined expertise and resources will enable us to deliver high-quality residential and mixed-use communities that meet the growing demand in Florida, Tennessee, Georgia, and the Carolinas.”
