GIC in talks to buy Yes Communities: WSJ

[SINGAPORE] Singapore's sovereign-wealth fund GIC is in talks to buy Denver-based Yes Communities, an owner of manufactured-housing communities, in a US$2 billion deal, the Wall Street Journal reported, citing people familiar with the matter.

The talks with private equity firm Stockbridge Capital Group could still break down, the WSJ said.

Yes owns or operates 178 communities in 17 American states.

GIC declined to comment. Yes Communities and Stockbridge Capital were not available for comments.

REUTERS