Brookfield Closes on Yes Communities, Drawing Scrutiny From Congress
Brookfield acquired Yes Communities, a manufactured housing operator with 294 communities, in the second quarter, and three House Democrats have asked about tenant protections.
Key facts
- Brookfield acquired Yes Communities during the second quarter, and the seller was GIC, a sovereign wealth fund.
- Brookfield Real Estate Income Trust reported a 2% stake in 294 manufactured housing properties, carried on its books at $86.6M.
- Yes Communities operates more than 55,000 housing sites, and the Brookfield trust says its portfolio spans 23 states.
- Reps. Maxwell Alejandro Frost, Gabe Vasquez and Rashida Tlaib sent a letter on Oct. 13 and asked Brookfield Asset Management to respond by Nov. 20.
- The purchase price for the portfolio has not been disclosed.
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Read the original at Bisnow (opens in a new tab)
Source: Brookfield Buys Massive Manufactured Housing Portfolio — Bisnow, November 13, 2026. Summary and commentary by RISE Community; read the full story at the source.
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