phoenix, arizona

Brookfield Residential entered the Phoenix market in 2013 through a strategic joint venture to acquire the 3200 acre community of Eastmark. We subsequently acquired 160 acres at San Tan Ridge in the Southeast Valley and entered a joint venture with New York real estate investment firm JEN Partners to acquire Vista Verde, an 850 acre community in the Northeast Valley.

Stream outside of a property in Eastmark, AZ | Brookfield Residential

Eastmark

Eastmark is ideally located in the top growth corridor of the Phoenix Metro area and is adjacent to the fast-growing Phoenix-Mesa Gateway Airport. It is envisioned to be a large-scale mixed-use community and our involvement in the development aligns with our strengths in developing master-planned and mixed use projects across North America. Eastmark is the number eleven master-planned community in the country in 2016 in terms of sales and number one in Arizona.

VIEW EASTMARK'S COMMUNITY SITE
Water and Tree view in Vista Verde, AZ | Brookfield Residential

Vista Verde/Verde River Ranch

After acquiring Vista Verde, Brookfield/JEN sold the golf course and 450 raw acres to Shea Homes to develop an 1100 unit Trilogy at Verde River Ranch. Brookfield/JEN sold an additional 63 lots to Toll Brothers and Monterey retained 73 lots for future sale.