News about Manulife US REIT —
Manulife US REIT is announcing the purchase of three American office properties for a total of US$201.6 million:
- Diablo Technology Park in Tempe, Phoenix area, a business park
- Park Place in Chandler, Phoenix area, a set of two office campus buildings
- Tanasbourne Commerce Center in Hillsboro, Portland area, a set of three flex-office buildings
All properties are freehold and leased to multiple tenants and have a weighted average of 93.4% occupancy and 5.9 years WALE.