Brookfield Asset Management Inc, a Canadian corporation was formed on August 1, 1997. The Company owns and operates assets with a focus on property, renewable energy, infrastructure and private equity. Its segments include Asset management, Property, Renewable energy, Infrastructure, Private equity, Residential development, Service and Corporate. Asset management operations consist of managing its listed partnerships, private funds and public markets on behalf of its clients and itselves. Property operations include the ownership, operation and development of office, retail, industrial, multifamily, hotel and other properties. Renewable energy operations include the ownership, operation and development of hydroelectric, wind power and other generating facilities. Infrastructure operations include the ownership, operation and development of utilities, transport, energy, timberland and agricultural operations. Private equity operations include the investments and operations overseen by its private equity group which include both direct investments and investments made by its private equity funds. Residential development operations consist predominantly of homebuilding, condominium development and land development. Service activities include construction management and contracting services, and property services operations which includes corporate relocation, facilities management and residential brokerage services. Corporate activities include the investment of cash and financial assets, as well as the management of its corporate capitalization, including corporate borrowings, capital securities and preferred equity which fund a portion of the capital invested in its other operations.