Brookfield is said to eye $10B deal for U.S. manufactured home operator (BAM:NYSE)
6 Articles
6 Articles
GIC Eyes Biggest Exit on $10 Billion Yes! Deal to Brookfield
Singapore’s GIC Pte is in talks to sell its stake in US landlord Yes! Communities Inc. to Brookfield Asset Management in what could be one of the biggest exits for the sovereign wealth fund in years, according to a person with knowledge of the matter.
Brookfield sold Aveo for $3.85Bn and now wants to spend US$10BN on US operator
Fresh from selling Aveo for $3.85 billion, Brookfield Asset Management is looking to spend more than US$10 billion (A$15 billion) acquiring Yes! Communities, a major US manufactured home operator owned by Singapore’s sovereign wealth fund GIC. Yes! Communities, based in Denver, Colorado, manages 213 communities across 18 states, with more than 54,500 home sites. GIC, which acquired the platform in 2016, has also been exploring an IPO, according …
Brookfield in Talks for $10 Billion US Real Estate Buy from GIC
For Brookfield, buying Yes! would be the largest acquisition, which made more than $1 trillion. Singapore’s GIC Pte is in discussions to sell its stake in US-based landlord Yes! Communities Inc. to Brookfield Asset Management. It is one of the largest exits for the sovereign wealth fund in many years, according to a source with knowledge of the matter. The value of the entire portfolio will be more than $10 billion, according to the source, who …
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