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Manulife US REIT acquires maiden properties in Phoenix and Portland for total of US$201.6 mil

Felicia Tan
Felicia Tan11/30/2021 08:33 AM GMT+08  • 2 min read
Manulife US REIT acquires maiden properties in Phoenix and Portland for total of US$201.6 mil
All three properties were purchased at at least 0.8% below the valuation amounts.
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The manager of Manulife US REIT (MUST) is looking to acquire three properties in Phoenix, Arizona and Portland, Oregon for a total consideration amount of US$201.6 million ($276.3 million).

On Nov 30, the manager entered into three purchase agreements for the acquisition of the properties.

The first was with Tempe Diablo LLC to acquire Diablo Technology Park in Tempe (Phoenix), Arizona for a consideration of US$61.75 million.

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