Manulife US REIT (SG:BTOU) has released an update.
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Manulife US REIT is making strides in debt reduction and portfolio diversification, following the sale of its Capitol property in Sacramento for $117 million, which facilitated the early repayment of $130.7 million in loans. The company is aiming to cut borrowings by an additional $200 million next year, while exploring off-market transactions and alternative structures to bolster its recovery. With a strategic focus on reshaping its portfolio and leveraging its Sponsor’s investment pipeline, Manulife US REIT is positioning itself for growth.
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