CALGARY, ALBERTA and FAIRFAX, VIRGINIA--(Marketwire - March 31, 2011) - Brookfield Residential Properties Inc. ("Brookfield Residential") (TSX:BRP)(NYSE:BRP) and Brookfield Homes Corporation ("Brookfield Homes") (NYSE:BHS) today announced the completion of the transactions contemplated by the Agreement and Plan of Merger and Contribution dated as of October 4, 2010.