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Singapore REITs Shake Up Executive Suites as US Office Values Sink

Manulife US REIT, Prime US REIT Replace CEOs
Park Tower at 980 Ninth St. in Sacramento, California, is among Prime US REIT’s 14 U.S. office holdings. (CoStar)
Park Tower at 980 Ninth St. in Sacramento, California, is among Prime US REIT’s 14 U.S. office holdings. (CoStar)
CoStar News
March 25, 2024 | 8:19 P.M.

Weakness in the United States office market preceded a shake-up of chief executives in the past week at two Singapore-based real estate investment trusts with significant holdings of that property type.

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