Stockland owns, manages, and develops shopping centres, logistics centres and business parks, office assets, residential communities, and retirement living villages. It operates through the following segments: Commercial Property, Residential, Retirement Living, and Other. The Commercial Property segment invests in, develops, and manages retail, office, and logistic and business park properties. The Residential segment delivers a range of master planned and mixed use residential communities in growth areas. The Retirement Living segment designs, develops, and manages communities for retirees. The Other segment includes aged care businesses, dividends and distributions from strategic investments, and other items. The company was founded by Ervin Graf in 1952 and is headquartered in Sydney, Australia.