Brookfield eyes $10 billion housing deal that could reshape affordable living
Key Points
- Brookfield Asset Management is eyeing Yes! Communities for a...
Factory-built homes are apparently the new gold rush, and Brookfield Asset Management wants in on the action. The investment giant is currently sweet-talking GIC about acquiring Yes! Communities for north of $10 billion - a price tag that suggests manufactured housing has officially shed its trailer park stigma.
Yes! Communities isn't your typical real estate play. They manage tens of thousands of factory-built homes across 300 locations, primarily in the Midwest and Southeast, where affordable housing is less "nice-to-have" and more "desperately-needed." With housing demand consistently outp...
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