Brookfield Residential has formed a joint-venture with Trez Capital to complete a large master-planned residential community in Central Florida.

The new community, named Osprey Creek, will be located in Polk County, about 70 kilometres (35 miles) south of Orlando. The community will include more than 900 residential lots and offer single-family homes with a focus on affordability for first-time buyers.

“This collaboration with Trez Capital underscores our commitment to expanding our footprint in key markets like Central Florida,” said Adrian Foley, president and CEO of Brookfield Residential. “By leveraging our operational strengths and market knowledge, we are positioned to deliver vibrant, impactful communities that cater to the growing demand for affordable housing options in the region.”

The project is intended to meet growing housing demand in the state and benefit from both firms’ ties to an institutional homebuilder.

The Osprey Creek site is close to major transportation routes and regional attractions.

“Partnering with Brookfield Residential marks the beginning of a strong and strategic relationship that combines deep development expertise with disciplined capital deployment,” said John Hutchinson, Co-CEO and global head of Origination at Trez.

Costa Mesa, Calif.-based Brookfield Residential is a wholly owned subsidiary of Canada’s Brookfield Asset Management. Trez is a Vancouver-based investment firm.

Pictured: Brookfield Residential and Trez Capital’s Osprey Creek project in Central Florida.