Came across this release last week:

BROOKFIELD RESIDENTIAL PROPERTY SERVICES ACQUIRES GMAC HOME SERVICES LLC

Acquisition represents important expansion into US market
Toronto, September 23, 2008 – Brookfield Residential Property Services (“BRPS”), a division
of Brookfield Asset Management Inc. (“Brookfield”), announced today that it has entered into an
agreement to purchase GMAC Home Services LLC, a recognized leader in global relocation,
real estate franchising and brokerage and home financing services, from GMAC Residential
Holding Company LLC and Residential Capital LLC. The transaction is expected to close in the
fourth quarter.

“Brookfield is a leading provider of residential property services in Canada,” stated Chairman
George Myhal. “Notwithstanding the recent market turmoil, this acquisition represents an
important opportunity for us to expand in the U.S. market for residential property services and
we believe we are well-positioned to grow our market share once this difficult period of
adjustment is behind us.” In Canada, Brookfield provides executive relocation services, home
appraisals and property brokerage services under the Royal LePage, La Capitale, Johnston &
Daniel and Centract brand names.

The GMAC Home Services’ business units that are part of this acquisition include: GMAC
Global Relocation Services, GMAC Real Estate and GMAC Home Services Mortgage.
“This transaction will combine GMAC Home Services’ global operations with our businesses, to
create a platform for long-term North American and international growth,” said Graham Badun,
Managing Partner and CEO of BRPS. “GMAC Home Services offers its award winning services
through locations in forty seven states, Europe and Asia. This acquisition is evidence of our
belief in the long-term opportunities for growth in the U.S. residential property services market.”
Following the acquisition, BRPS will have one of the largest relocation companies in the world
and its Realtor® network will be almost 30,000 strong, based out of 1,500 locations across
North America.

“The purchase of GMAC Home Services by Brookfield allows us to join a globally recognized
and respected real estate and relocation services organization,” said John Bearden, President
and CEO, GMAC Home Services. “This move will enhance the ability of two world-class
organizations to pursue opportunities on a global scale. Given that both organizations have
similar industry expertise and strong commitments to client service, we expect to quickly
achieve the full potential represented by this transaction.”