Manulife US REIT (SG:BTOU) has released an update.
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Manulife US REIT has voluntarily wound up its subsidiary, Hancock S-REIT Chandler LLC, following the divestment of its Park Place property in Chandler, Arizona. This dissolution does not materially affect the REIT’s net tangible assets or earnings per unit for the financial year ending December 2024. Investors in the financial markets may find this development noteworthy as it reflects the ongoing strategic adjustments within Manulife US REIT’s portfolio.
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