Add the government of Singapore to the steady stream of investors putting money into San Antonio real estate.
As part of an equity deal with Denver-based YES! Communities, the Asian city-state’s new stake in the Alamo City’s residential market is worth about $107.7 million.
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, all of which were included in the recapitalization of YES!’s 178-property portfolio.
Read more at San Antonio Business Journal.