Singapore says YES! to San Antonio

​​​​SAN ANTONIO – GIC—a global investment firm established by the Singapore government to manage its foreign reserves—recently acquired a stake in seven manufactured home communities in San Antonio.

As part of an equity deal with Denver-based YES! Communities, Singapore’s new stake in the Alamo City’s residential market is worth appoximately $107.7 million.​

The seven San Antonio properties involved include a little more than 2,075 units.

GIC’s footprint in San Antonio is now spread across the city, with a majority of the properties concentrated around the northern rim of Loop 410, up I-35 to Schertz and on the far western edge of Loop 1604.