Lawmakers press Brookfield on rents and fees after its purchase of Yes Communities

Representatives Maxwell Alejandro Frost, Gabe Vasquez and Rashida Tlaib sent Brookfield a letter on Oct. 13 about its acquisition of Yes Communities, a manufactured housing portfolio of 294 communities in 23 states bought from Singapore's GIC, Bisnow reported. The lawmakers cited tenant complaints about rent increases, fees and maintenance, and asked Brookfield to disclose whether it plans annual rent increases above 3%, explain its fee policies and commit to avoiding serial eviction filings. The letter asked Brookfield to respond by Nov. 20, and Frost's office said it had not replied as of mid-November. The purchase price has not been disclosed.