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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
Add BT as a preferred sourcePublished Mon, Oct 10, 2016 · 09:50 PM
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" since its initial public offering (IPO) in May.
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