Brookfield Residential is acquiring Newland—one of the nation's largest master-planned community developers.
With the acquisition, Brookfield will get immediate access to nine incremental markets—Dallas-Ft. Worth, Houston, Atlanta, Tampa, Seattle-Tacoma, Portland, Raleigh-Durham, Wilmington, and Charleston. The merger will also expand Brookfield's offerings in San Diego, Denver, Austin, Phoenix and Washington DC, where each developer has a presence today.
In addition to the management company, Brookfield will acquire the (5%) general partner's equity interest in 15 (of the 20) master-planned communities that Newland is currently developing. The acquisition is targeted to close on June 1, 2021, subject to customary closing conditions.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
