Manulife US REIT Maps Diversification Path With $600M Plan

MT Newswires12-01

Manulife US REIT (SGX:BTOU) has rolled out its "Growth and Value Up Plan," seeking the adoption of a disposition and acquisition mandate, according to a Monday filing with the Singapore Exchange.

The disposition mandate will commence Jan. 1, 2026, while the acquisition mandate will commence on the same date.

Under the acquisition mandate, the trust is looking to dispose of three properties to raise around $350 million, while under the acquisition mandate, it is looking to reinvest up to US$600 million in diversified US and Canadian assets.

The plan is part of the REIT's strategy to revitalize its portfolio by diversifying into industrial, living sector and retail assets in the US and Canada.

The REIT will convene to seek approval through an extraordinary general meeting on Dec. 16.

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