Brookfield Real Estate’s Australian Senior Living portfolio demonstrates how a phased approach to decarbonization can support both value creation and operational resilience. In 2019, scope 1 emissions represented approximately 30% of the portfolio’s combined scope 1 and 2 emissions, highlighting an opportunity to reduce reliance on natural gas, lower emissions, and reduce exposure to energy price and supply risks.

During Brookfield’s ownership period, the portfolio was electrified, reducing scope 1 emissions by 80% compared with the 2019 base year.¹ Brookfield also signed a series of power purchase agreements to support transitioning 100% of the portfolio’s energy by 2025.

To strengthen energy security and diversify its renewable energy approach, the portfolio installed solar panels expected to generate 20% of the electricity used in common areas, shifting from off-site procurement to on-site generation. A major lighting upgrade project further reduced electricity use by 10% and delivered approximately $215K in annual cost savings.²

We believe these factors contributed to the attractiveness of the portfolio to institutional buyers and ultimately assisted with Brookfield’s successful exit in Q3 2025 from this investment.

¹ Achieving emissions reductions of 3,500 mtCO2e in 2019 to approximately 700 mtCO2e in CY2024.
² Cost estimates of energy savings are based on available data and, in some cases, indicative assumptions. These figures are provided for informational purposes only and should not be interpreted as precise or guaranteed outcomes.