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Manulife US REIT Explores Office Sales as Property Values Decline

Singapore-Listed Company Seeks To Reduce Debt Leverage
Manulife US REIT’s 865 S. Figueroa St. in Los Angeles experienced the sharpest value decline among its holdings in 2022. (CoStar)
Manulife US REIT’s 865 S. Figueroa St. in Los Angeles experienced the sharpest value decline among its holdings in 2022. (CoStar)
CoStar News
January 3, 2023 | 5:35 P.M.

Singapore-listed U.S. office owner Manulife US REIT reported a drop in value of its 12 properties at the end of 2022 to a level that puts it just 1 percentage point away from a regulatory financial limit.

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