X0303 4 2011-03-31 1 0001202157 BROOKFIELD HOMES CORP BHS 0001279299 YOUNG MICHAEL DARCY C/O QUADRANT CAPITAL PARTNERS, INC. 8333 DOUGLAS AVENUE, SUITE 1350 DALLAS TX 75225 1 0 0 0 Common Stock 2011-03-31 4 D 0 8500 0 D 0 D Deferred Share Units 2011-03-31 4 D 0 64108 0 D Common Stock 64108 0 D These shares were disposed of in the merger of Brookfield Homes Corporation and Brookfield Residential Acquisition Corp., with Brookfield Homes being the surviving entity and a wholly owned subsidiary of Brookfield Residential Properties Inc. ("Brookfield Residential") (the "Merger"). Pursuant to the Merger, each share of Brookfield Homes common stock was exchanged for 0.764900530 Brookfield Residential common shares on March 31, 2011, the effective date of the Merger (the "Effective Date"). 1-for-1 As a result of the Merger, these deferred share units were replaced on the Effective Date with either deferred share units of Brookfield Residential or cash. Units can only be redeemed after separation from service, whether due to retirement, termination or death. There will be no shares of common stock issued, authorized, reserved, purchased or sold at any time in connection with units allocated. Under no circumstances will units be considered shares of common stock, or entitle any participant to the exercise of voting rights or to the exercise of any other rights arising from ownership of shares of common stock. Michael D. Young 2011-04-01