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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Singapore fund buys most of Denver manufactured-home communities firm

Posted on 17 August 2016

A Singapore sovereign wealth fund is buying most of a Denver company that owns manufactured-home communities. Yes! Communities said GIC, formerly known as Government of Singapore Investment Corporation, is buying 71 percent of the Denver company that owns and manages 178 manufactured-home communities in 17 states.
Terms of the deal weren’t disclosed but in June, the Wall Street Journal estimated the total value of Yes! Communities at $2 billion. Yes! Communities management and existing owner Stockbridge Capital Group LLC of San Francisco will continue to own the remaining 29 percent………………………………………..Full Article: Source


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