Manulife US Reit mulls recycling of assets, diversification as US office headwinds persist

THE manager of Manulife US Real Estate Investment Trust (Manulife US Reit) has formed a strategic working group to assess “opportunities” – including the recycling of assets and the diversification into other asset classes and geographical markets – amid persistent headwinds in the US office sector.

“We’re taking a look at all of our options at this point,” Tripp Gantt, chief executive officer of the manager of Manulife US Reit, said at a briefing on Wednesday (Nov 2), following the release of the Reit’s operational updates for the third quarter ended September.

“If we continue doing the same things, we’re going to get the same results. So we need to take a really strong look at everything that we can do to provide the best opportunities for the Reit and the unitholders going forward,” he added.