Brookfield BTR Intro Deck

Alamar, Avondale, AZ

The Eugene, New York, NY

Brookfield Asset Management

When you partner with us, you don’t just receive service and support from one of the leading real estate companies in the industry; you also benefit from the power of Brookfield’s global network. As one of the largest asset managers in the world, our parent company, Brookfield Asset Management, delivers financial strength and operating expertise. And our sister companies offer a wealth of advantages, too — from investments in emerging technologies and an impressive portfolio of infrastructure assets to facility integration and management solutions and more.

REAL ESTATE

270B +

Office, Housing, Retail, Logistics, Hospitality, Science & Innovation

77B + RENEWABLE POWER

Hydro, Wind, Solar, Energy Transition

142B CREDIT + OTHER

Performing credit, Opportunistic credit, Private and listed equities, Real estate

161B INFRASTRUCTURE

Utilities, Transport, Midstream, Data

44B INSURANCE SOLUTIONS

Reinsurance, Annuities, Operating Platforms,

139B

PRIVATE EQUITY Business services, Infrastructure Services, Industrials

Brookfield Properties

As part of Brookfield Asset Management — one of the largest alternative asset managers in the world, with $825 billion in assets under management — we harness our resources to bring a fresh approach, unparalleled creativity, and relentless innovation to the planning, development and management of buildings everywhere. From offices, retail spaces, and logistics facilities to multifamily residences, hospitality establishments and mixed-use structures — we are re-imagining real estate from the ground up.

REAL ESTATE, RE-IMAGINED

A BETTER COMPANY FOR OUR PEOPLE AND PARTNERS

BETTER COMMUNITIES FOR OUR NEIGHBORS ; A BETTER WORLD FOR US ALL

Develops + operates

More than 840 properties

Playa Vista, Costa Mesa, CA

II. Build-to-Rent + Master Plan Advantage

Build-to-Rent (BTR) Product and Development

The BTR business represents a natural extension of Brookfield’s existing master plan development, mixed-use/commercial, multifamily and for-sale housing businesses – leveraging our existing teams to establish a more cost-effective and scalable platform.

Generally, Brookfield BTR-specific site plans and product designs will offer a newly built housing choice segmented well above comparable multifamily apartments and just below entry-level for-sale housing in terms of size.

The BTR product will otherwise be on par in terms of location and functionality (bed and bathroom count, direct access garages, private backyards, etc.), but at a monthly housing cost below that of ownership in the master plan.

Midrise Highrise Walk-up, Wrap + Podium

Tustin, CA

The EdmundWashington DC

810 AgnesVancouver, BC

2-3 story, ranging from back-to-back row towns to duplexes

BY YEAR

Market Overview

Out-sized rental growth and more efficient operating capabilities have led to strengthening institutional investor interest in BTR.

Despite this increased BTR investment demand, many projects have stalled since 2H2022 as a result of capital constraints - institutional capital will not sit on the sidelines for long and we are targeting to capitalize on that dearth of new projects and continued investor demand.

BTR, as an asset class, is maturing and becoming a more intentional and significant portion of most master plan communities - 8% of single family housing starts are now build-to-rent.

We have tracked almost $570 million in BTR transactions that have occurred through July of 2023. We will likely see much less transaction volume than 2022 or 2021, due primarily to higher cost of capital. Build-to-rent transactions exploded in 2021 to $4 billion, dwarfing cumulative transaction volume in every year prior.

BUILD TO RENT TRANSACTION DOLLAR VOLUME

Master Plan Advantage

Brookfield Land + Housing capabilities create an unparalleled North American land development platform – with a 60+ year track record and currently developing over 10,000 lots per year among 21 major markets.

We have reimagined the role of collaboration in real estate – working with government, key stakeholders and our communities as true partners to create shared value.

We look at every development with a long-term view – customizing communities to enhance quality of life throughout its lifecycle, including opportunities for mixed-use and commercial space, and bringing public spaces to life through world-class programming, cultural experiences, activations, visual art, community events and more.

BTR projects within Brookfield master plans are projected to generate increased marketability, tenant demand and resulting rental premiums.

Central Park, Denver, CO

Eastmark, Mesa, AZ

Livingston, Calgary Easton Park, Austin, TX

Development Footprint + Initial BTR Pipeline

Brookfield is uniquely positioned to take advantage of housing fundamentals through our vertically integrated land development platform across 21 markets in the U.S. and Canada.

+1,000 units

now under or nearing construction start

Elyson 170 units – Houston, TX

Alamar 231 units – Phoenix, AZ

Snowden Bridge 160 units – Washington, DC

Blossom Rock 190 units – Phoenix, AZ

Brighton Crossings 100 units – Denver, CO

Barefoot Lakes 5A 153 units – Denver, CO

Over 900 units of additional identified opportunities as well as access to Brookfield’s portfolio of ~26 controlled master planned communities (totaling over 50,000 residential units) for an extensive pipeline to follow.

Brookfield Residential Masterplans

New Expansion Markets

Five Year Pipeline

UnitsDelivered(Cumulative)

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III. Initial Projects

Barefoot Lakes, Denver, CO

Elyson

Katy, TX

OVERVIEW Located in the Elyson master plan in Katy, Texas, west of downtown Houston, the site will provide 170 units.

MASTERPLAN At completion, the Elyson master plan will have ~6,000 homes, 30 miles of trails, 750 acres of parks and open space, and 450 acres of commercial/ mixed use including an H-E-B supermarket, less than a mile away. The BTR site is within walking distance to the 4.3acre Crescent park and 64.4acre Compass lake with a 1.2 mile trail loop and boat dock. Nearby schools include Harmony School of Excellence (a STEM-focused charter school), Peter McElwain Elementary, Stockdick Junior High, and Paetow High School.

General

MSA Houston

UNITS 170

ACRES 18.7

PRODUCTS Detached + Paired

DENSITY 9.09

PRODUCT Under an approved multifamily single lot plat map, the product will consist of 136 detached and 34 paired homes with 2 to 4 bedrooms. Units range from 1,417 SF to 1,899 SF. Each unit will have a 2-car attached garage and private yard. On-site amenities will include a 2,400 SF community building and pool, along with a dog park, neighborhood perimeter trail and open spaces.

Key Dates

PREDEVELOPMENT Ongoing

HORIZONTAL START Ongoing

VERTICAL START December 2023

INITIAL DELIVERIES June 2024

AVERAGE PRODUCT SIZE (SF) 1,635

Snowden Bridge AA Tranche 1

Frederick County, VA

OVERVIEW Located in the planned active adult community within Snowden Bridge master plan, 5 miles north of Winchester in Frederick County, VA, the site will provide 160 townhomes for active adult residents.

PRODUCT Under an approved plat map with individually platted lots, the townhomes will average 1,590 SF with 3 bedrooms and are designed with an attached 1-car garage, 2-car driveway and a private yard.

MASTERPLAN Snowden

Bridge is Frederick County’s premier master planned community which opened in 2007. These homes will be within a private, gated active adult community with exclusive premium amenities including a resort-style pool, indoor sportsplex, pickleball and bocce courts, outdoor kitchen, firepit area, fitness center, yoga room, game room, community lounge, meeting room, kitchen/cafe bar and outdoor trails.

General

MSA Washington DC

UNITS 160

ACRES 23

PRODUCTS Townhomes

DENSITY 6.96

AVERAGE PRODUCT SIZE (SF) 1,590

Key Dates

PREDEVELOPMENT Ongoing

HORIZONTAL START Ongoing

VERTICAL START January 2024

INITIAL DELIVERIES July 2024

Alamar Phase 8

Avondale, AZ

OVERVIEW Located in the 1,150-acre Alamar master planned Community in Avondale, Arizona, west of downtown Phoenix, the site will provide 231 units.

MASTERPLAN At completion, the Alamar master plan will have ~4,000 homes, 9.5 miles of trails, and will be close to a 16-acre commercial center near Avondale Boulevard and Broadway Road planned for various mixed retail, entertainment, and professional services. Nearby schools include Lakin Preparatory Academy and a new 21-acre K–8 school, opening Fall 2023. The BTR site is directly north of Alamar Park, a 40-acre Regional Community Park, featuring sports fields and courts, three playgrounds, a fishing lake, splash pad, amphitheater, dog park and picnic ramadas.

General

MSA Phoenix, AZ

UNITS 231

ACRES 23.4

PRODUCT Under an approved multifamily single lot plat map, the product will consist of 231 BTR units (98 1 and 2-story SFD motor court units and 133 2-story townhome units) ranging from 1,267 SF to 1,821 SF with 2 to 4 bedrooms. Each unit is designed with an attached 2-car garage and private yard. The project will also include a 2,135 SF amenity building with a fitness center and pool, along with a dog park, neighborhood perimeter trail and open spaces.

PRODUCTS Townhomes + Detached Motor Court

DENSITY 9.87

AVERAGE PRODUCT SIZE (SF) 1,476

Key Dates

PREDEVELOPMENT Ongoing

HORIZONTAL START January 2024

VERTICAL START February 2025

INITIAL DELIVERIES August 2025

Barefoot Lakes 5A

Firestone, CO

OVERVIEW Located in the Barefoot Lakes master planned community in Firestone, CO, the site will provide 153 units.

MASTERPLAN At completion, the Barefoot Lakes master plan will have 3,750 homes, extensive trails looping around 100 acres of lakes, thoughtful community centers, unique lakeside park settings and wide open spaces as well as 8 acres of commercial use. Nearby schools include Mead Elementary School, Mead Middle School and Mead High School.

PRODUCT Under an anticipated multi-family single lot plat map, the product will consist of 153 BTR units (93 SFD motor court units and 60 TH units) ranging from 1,429 SF to 1,715 SF with 2 to 4 bedrooms. Each unit is designed with an attached 2-car garage and private yard. The project will also include a dog park and open space.

General

MSA Denver, CO

UNITS 153

ACRES 15.35

PRODUCTS Townhomes + Detached Motor Court

DENSITY 9.97

AVERAGE PRODUCT SIZE (SF) 1,507

Key Dates

PREDEVELOPMENT Ongoing

HORIZONTAL START July 2024

VERTICAL START January 2025

INITIAL DELIVERIES July 2025

Blossom Rock Parcel 18 Tranche 1

Apache Junction, AZ

OVERVIEW Located in the 1,400acre Blossom Rock master planned community in Apache Junction, Arizona, the site will provide 190 BTR units.

MASTERPLAN At completion, the Blossom Rock master plan will have over 5,000 homes, with 20 acres of commercial/mixed use, a 25acre regional park, expansive trail system, and K-8 charter school.  The Blossom Rock master plan will have its Grand Opening with for-sale housing segments in Q2 2024.

PRODUCT Under a multifamily single lot plat map, the product will consist of 190 BTR units (95 SFD motor court units and 95 TH units) ranging from 1,267 SF to 1,821 SF with 2 to 4 bedrooms. Each unit is designed with an attached 2-car garage and private yard. The project will also include an approximately 2,100 SF amenity building with a with a fitness center and pool, along with a dog park.

General

MSA Phoenix, AZ

UNITS 190

ACRES 24

PRODUCTS Townhomes + Detached Motor Court

DENSITY 7.92

AVERAGE PRODUCT SIZE (SF) 1,476

Key Dates

PREDEVELOPMENT Ongoing

HORIZONTAL START September 2024

VERTICAL START May 2025

INITIAL DELIVERIES December 2025

Brighton Crossings PA6

Brighton, CO

OVERVIEW Located in the Brighton Crossings master planned community in the City of Brighton, CO, near Barr Lake State Park, the site will provide 100 units.

MASTERPLAN At completion, the Brighton Crossings master plan will have 9 neighborhood parks, a 17acre regional park and an expansive trail system. Nearby schools include Prairie View Middle School and Padilla Elementary School.

PRODUCT Under a multifamily single lot plat map, the product mix will consist of 100 townhome units ranging from 1,267 SF to 1,614 SF with 2 to 4 bedrooms. Each unit is designed with an attached 2-car garage and private yard. The project will also include a dog park and open space.

General

MSA Denver, CO

UNITS 100

ACRES 7

PRODUCTS Townhomes

DENSITY 14.29

AVERAGE PRODUCT SIZE (SF) 1,431

Key Dates

PREDEVELOPMENT November 2023

HORIZONTAL START November 2024

VERTICAL START May 2025

INITIAL DELIVERIES November 2025