Brookfield Residential announced a new joint venture with Trez Capital to develop a master-planned community (MPC) in Central Florida.
The two organizations will combine their expertise in land development and capital deployment to deliver a MPC named Osprey Creek, offering over 900 residential lots.
“This collaboration with Trez Capital underscores our commitment to expanding our footprint in key markets like Central Florida,” says Adrian Foley, president and CEO of Brookfield Residential. “By leveraging our operational strengths and market knowledge, we are positioned to deliver vibrant, impactful communities that cater to the growing demand for affordable housing options in the region.”
Located approximately 35 miles south of Orlando, Osprey Creek will be in Polk County, Florida. It is situated near major transportation routes and area attractions.
The development will feature traditional single-family homes with an emphasis on affordability for first-time buyers.
“Partnering with Brookfield Residential marks the beginning of a strong and strategic relationship that combines deep development expertise with disciplined capital deployment,” says John Hutchinson, co-CEO and global head of origination at Trez Capital. “The Osprey Creek community is an excellent example of our ability to identify and invest in high-potential real estate projects that provide lasting value for our investors.”
Sam Salloway, senior managing director, head of equity investments at Trez Capital, adds “Florida continues to lead the nation in population growth, and this joint venture solidifies our confidence in the region’s long-term fundamentals as part of our broader strategy to partner with industry leaders in delivering thoughtfully planned communities that address long-term market demand.”
