GIC is in advanced discussions to sell its stake in Yes! Communities to Brookfield Asset Management in a deal potentially valued at over $10 billion.

Information on the Target

Yes! Communities is a prominent player in the U.S. manufactured housing sector, headquartered in Denver. The company owns and operates nearly 300 sites across the country, with a significant presence in the Southwest, Midwest, and Southeast regions. Yes! Communities focuses on providing quality housing solutions, catering largely to families and individuals seeking affordable living options in manufactured home communities.

GIC, Singapore's sovereign wealth fund, initially acquired a 71% stake in Yes! Communities in 2016, valuing the business at over $2 billion. As the company prepared for a potential IPO in 2025, discussions have intensified regarding its sale to Brookfield Asset Management, potentially valuing the operator in excess of $10 billion.

Industry Overview in the Target's Specific Country

The manufactured housing industry in the United States has shown remarkable resilience, particularly as housing affordability remains a pressing issue for many Americans. With rising home prices, manufactured housing presents a feasible alternative,