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Manulife US Reit shooting for one acquisition a year

Its primary focus is on secondary cities; it says it eyes acquisitions that will further diversify its portfolio

"The depth of US office market allows us to acquire yield-accretive assets depending on the cycle of the city," says Ms Smith (above).

And according to Mr Wolfe (above), there are assets in a number of cities that meet the yield-accretion criterion.

Los Angeles

MANULIFE US Reit is gunning for yield-accretive office assets in the United States, with a primary focus on secondary cities in the rising stage of the rental market cycle.

Chief investment officer Jeffrey Wolfe said the Reit plans to grow by acquiring "one asset a year...