The Canadian asset management giant is reportedly in advanced-stage discussions with Singaporean sovereign wealth fund GIC to buy Yes! Communities, in what would be one of the largest property deals since 2022 and one of Brookfield’s biggest-ever acquisitions. (Financial Times)

Talking point: Denver-based Yes! owns tens of thousands of manufactured homes in about 300 communities across the U.S. The units are prefabricated in a factory and shipped to their sites. Customers can rent or buy their unit over time while still leasing the land from the company. Brookfield’s potential acquisition is a vote of confidence in the country’s affordable housing market. Economists and real estate experts expect rents in the sector to rise in the next few years, as U.S. homebuilding slows, widening the gap between supply and demand.