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Our History

Great companies, like great communities, don't happen by accident. It takes time, dedication and vision to build a successful company, and above all else, it takes a clear understanding of who you are, what you stand for and who you aspire to be.

Brookfield Homes (Ontario) founded.

Carma Developers founded in Calgary.

Carma Developers listed on TSX. Edmonton office opens.

Washington, D.C. operations established.

Brookfield Properties acquires an interest in Carma Developers and buys the remaining shares of the company.

Homebuilding operations started in Calgary.

California operations established.

Colorado operations established.

Carma Developers is privatized, placing its subsidiaries (Carma and Brookfield Homes Ontario) under BPO Residential, Brookfield Properties’ residential land and housing division.

Brookfield Homes is incorporated.

Brookfield Homes is listed on NYSE.

Austin operations established.

The merger between BPO Residential and Brookfield Homes completed. Brookfield Residential is formed and starts trading on the TSX.

Homebuilding operations started in Denver.

Phoenix operations established.

Major shareholder Brookfield Asset Management takes Brookfield Residential private. Homebuilding operations started in Austin. Brookfield Residential acquires ALBI Homes.

Brookfield Residential becomes operating partner for Eastmark in Phoenix, AZ. Mixed-use expansion and acquisition of OliverMcMillan assets.

A History of Transformation

About OurHistory CarmaHouse
For more than 60 years, through our predecessor companies, Brookfield Residential has been creating the best places to call home. As a leader in land development and homebuilding, we continue to maintain the same solid values that have helped us successfully navigate through several decades of growth and change.

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