Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Brookfield Homes Corporation

Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed merger of Brookfield Properties Corporation (NYSE: BHS) (referred to as "Brookfield" or the “Company”) with Brookfield Residential Properties Inc., an Ontario corporation ("Brookfield Residential"), Brookfield Residential Acquisition Corp., a Delaware corporation and a direct wholly owned subsidiary of Brookfield Residential ("BR Acquisition Corp."), and Brookfield Properties Corporation, a Canadian corporation.

Pursuant to the merger agreement, each share of common stock of Brookfield Homes will be converted into the right to receive 0.764900530 of a common share of Brookfield Residential plus a cash amount in lieu of fractional shares.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders.

If you are a holder of Brookfield stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.

If you are a shareholder of Brookfield and would like more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at [phone] or by sending an e-mail including your contact information to: [e-mail]. All e-mail correspondence should make reference to Brookfield.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.nyclasslaw.com.

ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, [phone]. Prior results do not guarantee or predict a similar outcome with respect to any future matter.