Brookfield Residential Property Services Acquires GMAC Home Services
AN ANNOUNCEMENT-
GreatWest GMAC Real Estate is pleased to announce the acquisition of GMAC Home Services by Brookfield Residential Property Services (BRPS), a wholly owned subsidiary of Brookfield Asset Management Inc., a global asset manager located in Toronto, Canada focused on property, power, and infrastructure assets with approximately $95 billion in assets under management. The Brookfield company does the same type of business that GreatWest GMAC Real Estate performs.
The sale of GHS and its affiliated companies and employees supports ResCap’s core business model of originating and servicing mortgage loans with known take-out partners, while providing BRPS with a strategic platform on which to build a U.S. footprint in the relocation and real estate sector. The transaction is anticipated to close in the fourth quarter.
This acquisition of GMAC Home Services by Brookfield Residential Property Services, is a great opportunity for GMAC Real Estate.
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