GIC acquired a 71% stake in YES! Communities.

GIC, the sovereign wealth fund of Singapore, acquired a 71% stake in YES! Communities, one of the nation's largest owners and operators of manufactured home communities. Financial terms were not disclosed. Gary McDaniel, Chief Executive Officer of YES! said, "After growing YES! with our partners at Stockbridge for more than eight years, we are excited to enter this new phase of its development. With Stockbridge and our new partners, we expect to continue to grow the YES! platform and deliver its innovative strategy to new markets, communities and residents."