BHS Brookfield Homes Corp

Brookfield Homes Corporation (NYSE:BHS) and Lennar Family of Builders have announced a transfer of ownership for Heritage Shores, one of the mid-Atlantic region๏ฟฝs largest Active Adult communities. Previously a joint venture of the two builders, Brookfield Homes has acquired Lennar๏ฟฝs interest in Passwaters LLC, developers of Heritage Shores. Located in Bridgeville, Delaware (30 minutes from Rehoboth Beach), Heritage Shores features homes for those 55 and better, with amenities including an 18-hole Arthur Hills-designed championship golf course, a 28,000-square-foot Clubhouse with full-service restaurant and tavern, and a Fitness and Aquatic Center complete with indoor and outdoor pools, pro shop, tennis courts, driving range and fitness gym. Plans call for approximately 2,000 homes in total to be built in the 800-acre community. Western Golf will continue to manage the restaurant, tavern, pro shop and golf course; CMC (Community Management Corporation) will manage the community itself. ๏ฟฝWe are pleased to acquire Lennar๏ฟฝs stake in Passwaters and the award-winning Heritage Shores Active Adult community,๏ฟฝ said Robert Hubbell, president of Brookfield Homes Corporation๏ฟฝs Washington, D.C. region. ๏ฟฝWe have worked very hard over the past four years to bring this amazing community to life, and hundreds of homeowners are already enjoying the Heritage Shores lifestyle. We are committed to furthering the community๏ฟฝs development and making this transition as smooth as possible for everyone involved.๏ฟฝ Brookfield Homes is one of the 25 largest homebuilders in North America, with operations in five market areas: San Francisco Bay Area, Southland/Los Angeles, San Diego/Riverside, Sacramento and the Washington, D.C. area. The company is traded under the symbol BHS on the New York Stock Exchange. For more information, visit www.brookfieldhomes.com. Brookfield Homes is an Equal Housing Opportunity builder. EDITOR๏ฟฝS NOTE: Please visit http://onekit.enr-corp.com/1001747/index.html to access Heritage Shore๏ฟฝs electronic media kit.