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rookfield Residential and North America Sekisui House (NASH) have strengthened their partnership, expanding their US portfolio to $1.6 billion. NASH is the US arm of Japan-based Sekisui House Ltd., one of the world's largest homebuilders.

    The investment was made through NASH's participation in five Brookfield master-planned communities. While financial details were not disclosed, this move marks a significant expansion of their joint portfolio. The partnership has managed over 30,000 single-family lots across markets like Austin, Phoenix, Denver, and Northern California.

    This development comes on the heels of Sekisui House's acquisition of MDC Holdings in January 2024 for $4.9 billion. Brookfield Residential and NASH did not comment on their expanded partnership. The two companies have a long history together, dating back to at least 2010 when they formed a joint venture that has grown to include over two dozen master-planned communities across 11 states.

    The homebuilding industry saw significant merger activity in 2024, with six deals announced in the first six weeks of the year alone. Industry experts attribute this trend to high valuation multiples and an influx of buyers with substantial funds.