(Bloomberg) – A is in negotiations to buy the American company Yes! Communities of the Singapore Sovereign Fund, Gic PTe, for more than $ 10 billion, reported the Financial Times, citing sources close to the matter.
The asset manager has been in conversations for months and discussions continue, according to the newspaper. Although negotiations are at an advanced stage, no agreement has been formally closed and conversations can still fail, FT said on Sunday.
The acquisition of Yes! Communities would be one of the largest for Brookfield, which manages $ 1 trillion in assets, and would generate optimism about the US economy and the recovery of the country’s real estate market, according to the report.
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Brookfield and GIC preferred not to comment on the newspaper, while Yes! did not respond to FT messages requesting a position.
Headquartered in Denver, Yes! It is one of the largest operators of prefabricated housing communities in the US and was evaluating an initial public offering (IPO) for some time of 2025, Bloomberg said in December. The company manages almost 300 places in the US, especially in the Southwest, Midwest and Southeast, according to its website.
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