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Brookfield Properties (BPO) and Brookfield Homes (BHS) Announces Formation of Brookfield Residential Properties Inc

October 5, 2010 7:22 AM EDT
Brookfield Properties Corporation (NYSE: BPO) and Brookfield Homes Corporation (NYSE: BHS) announces the creation of Brookfield Residential Properties Inc.

Brookfield Residential Properties combines Brookfield Homes and the North American residential land and housing division of Brookfield Office Properties.

The company will have $2.5 billion in assets and $1 billion in assets.

An application will be made to list the common shares of Brookfield Residential on the New York and Toronto stock exchanges.

Click here for more color from the release.


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