TORONTO, March 13, 2019 /CNW/ - Brookfield Real Estate Services Inc. (dba Bridgemarq Real Estate Services) ("Bridgemarq" or the "Company") (TSX: BRE), a leading provider of services to residential real estate brokers and their REALTORS®1, today announced that Brookfield BBP (Canada) LP ("Brookfield") has appointed Joe Freedman as a Designated Director of the Company.
Pursuant to the terms of the Company's Special Voting Shares, Brookfield is entitled to appoint up to two‑fifths of the Directors so long as it holds an aggregate of at least 10% of the Restricted Voting Shares (on a diluted basis).
Joe Freedman is a Senior Vice Chair in Brookfield's Private Equity Group, responsible for strategic initiatives and planning for the private equity group. Since joining Brookfield, Mr. Freedman has held a number of positions, including General Counsel and the Partner responsible for M&A transaction execution, fund formation and fund operations. Prior to joining Brookfield, he was a lawyer in the corporate finance group at a Toronto law firm, specializing in private equity transactions and public company mergers and acquisitions. Mr. Freedman holds a joint MBA\LL.B from the Schulich School of Business at York University and Osgoode Hall Law School in Toronto.
"On behalf of the Company, I would like to welcome Mr. Freedman to Bridgemarq's Board of Directors," said Spencer Enright, Chair of the Board of the Company. "Joe brings deep business and financial expertise, and is an outstanding addition to our Board."
With the addition of Mr. Freedman, the Company's Board of Directors consists of five Directors, three of whom are Independent Directors.
About Bridgemarq Real Estate Services
Bridgemarq Real Estate Services is a leading provider of services to residential real estate brokers and a network of over 18,000 REALTORS®. We operate in Canada under the Royal LePage, Via Capitale and Johnston & Daniel brands. Bridgemarq Real Estate Services is the registered trade name of Brookfield Real Estate Services Inc. For more information, go to bridgemarq.com.
Bridgemarq Real Estate Services is an affiliate of Brookfield Business Partners, a business services and industrials company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs. Brookfield Business Partners is listed on the New York and Toronto stock exchanges. Further information is available at bbu.brookfield.com.
1 REALTORS® is a trademark identifying real estate licensees in Canada who are members of the Canadian Real Estate Association.
SOURCE Brookfield Real Estate Services Inc.
For further information: Sarah Louise Gardiner, Director of Investor Relations, Bridgemarq Real Estate Services, [email protected], Tel: 416-510-5783