Brookfield Nears $10 Billion Yes! Communities Acquisition From GIC

Brookfield Asset Management is in advanced talks to acquire Yes! Communities, a U.S.-based operator of manufactured homes, from Singapore’s sovereign wealth fund GIC for over $10 billion. This acquisition would mark one of the largest exits for GIC and significantly expand Brookfield's footprint in the U.S. affordable housing market amid rising rental prices and limited supply. Yes! Communities operates nearly 300 sites primarily in the Southwest, Midwest, and Southeast U.S., and had been exploring an initial public offering in 2025. The transaction aligns with Brookfield’s strategy to grow its real estate holdings, including residential properties, and would be among its largest acquisitions. GIC's decision to sell comes amid expectations of economic slowdown and geopolitical pressures, providing the sovereign wealth fund with notable liquidity and a chance to diversify away from the U.S. real estate market. Investor sentiment around Brookfield remains cautious with a consensus 'Hold' rating, reflecting the mixed outlook on future performance as the deal progresses.