Carma Developers LP Information

On March 31, 2011 Brookfield Residential Properties Inc. (NYSE, TSX: BRP) announced the completion of a merger that combines Brookfield Homes Corporation with the residential group of Brookfield Office Properties consisting of Carma Developers and Brookfield Homes (Ontario) Limited. Brookfield Residential Properties Inc. is a North American land developer and homebuilder, active in ten principal markets with over 100,000 lots controlled. We create value for shareholders through master planning and entitling our significant land holdings, by building homes in our own communities and by selling lots to third-party builders. Brookfield Residential Properties Inc. was formed on March 31, 2011, from the merger of Brookfield Office Properties’ residential division (Carma Developers LP) and Brookfield Homes Corporation.