Manulife US REIT Redeems Units Post Property Sale

Manulife US REIT (SG:BTOU) has released an update.

Manulife US Real Estate Investment Trust has redeemed 115 preferred units from its subsidiary Hancock S-REIT Sacramento LLC following the divestment of a property in Sacramento. This redemption, valued at approximately US$0.1 million, was funded internally and is expected to have no significant impact on the financial performance of the trust for the year. Investors may find this move indicative of the trust’s strategic adjustments and efficient resource management.

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