BROOKFIELD RESIDENTIAL HAS ACQUIRED AN OWNERSHIP POSITION IN KOLTER LAND TO EXPAND RESIDENTIAL LAND DEVELOPMENT IN SOUTHEAST U.S.

Strategic partnership to expand residential land acquisition and development to provide finished lots to homebuilders across the Southeast U.S. DELRAY BEACH, Fla.

, Nov. 21, 2024 /PRNewswire/ -- The Kolter Group ("Kolter") is excited to introduce, a strategic partnership between Kolter's land business (" Kolter Land ") and Brookfield Residential's Land development group ("Brookfield Residential"). The Partnership will provide finished residential lots and mixed-use pads to builders in the Southeast U.

S. The Partnership combines Kolter's operational strength in the Southeast with Brookfield Residential's broad experience in real estate investments and scaling businesses. Deploying a shared commitment to excellence, the Partnership will capitalize on the Southeast's long-term growth as well as an increasing desire among builders to place land development in the hands of expert partners.

Jim Harvey , a 30-year veteran of residential development, will be pivoting from his role as President of Kolter Land to head the Partnership. He said, "Our partnership with Brookfield Residential represents a significant milestone for Kolter Land . Our shared vision, and complementary strengths, position us to be the land developer of choice in the Southeast.

We look forward to a successful collaboration that will benefit our Partnership and the communities we serve." Brookfield Residential specializes in land entitlement and development to create dynamic neighborhoods and master-planned commun.