Brookfield Residential Announces Correction to Zephyr Equities Press Release
May 07, 2014
Calgary, Alberta – (BRP: NYSE/TSX) Brookfield Residential Properties Inc. (“Brookfield Residential”, “we” or the “Company”) today announced that the press release issued by Zephyr Equities relating to a judgment against the Company in California mistakenly provided that the judgment was for $519,000,000 in damages when in fact the judgment was for $519,000 in damages, which we are appealing.
Brookfield Residential Properties Inc. (BRP) is a leading North American land developer and homebuilder with operations in eleven major markets. We entitle and develop land to create master-planned communities and build and sell lots to third-party builders, as well as to our own homebuilding division. We also participate in selected, strategic real estate opportunities, including infill projects, mixed-use developments, infrastructure projects, and joint ventures. Brookfield Residential is listed on the NYSE and TSX under the symbol BRP.