Brookfield Asset Management is reportedly in discussions to acquire US-based residential landlord YES! Communities from GIC, Singapore’s sovereign wealth fund. The potential deal is valued at over $10 billion, according to reports from the Financial Times.
YES! Communities owns and manages a substantial portfolio of manufactured housing communities across the United States. The acquisition would mark a significant move for Brookfield as it expands its presence in the US residential real estate market. GIC has been increasingly active in property investments globally and in the US, aiming to capitalize on the stable income and value appreciation in the sector.
The talks are still ongoing, and neither Brookfield nor GIC has publicly confirmed the negotiations or the deal’s specifics. If completed, the transaction would be one of the major property deals in recent months, highlighting continued investor interest in the US housing market amid changing economic conditions.