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Manulife US REIT Takes Loss on Property Sale As It Seeks Capital Infusion

South Korea’s Mirae Could Take Ownership Interest
Manulife US Real Estate Investment Trust sold Tanasbourne Commerce Center, a three-building office campus in Hillsboro, Oregon. (CoStar)
Manulife US Real Estate Investment Trust sold Tanasbourne Commerce Center, a three-building office campus in Hillsboro, Oregon. (CoStar)
CoStar News
April 12, 2023 | 7:22 P.M.

Singapore-based Manulife US Real Estate Investment Trust, stung by falling office property values, sold one of its U.S. office holdings at a loss while simultaneously negotiating a cash infusion from a new investor.

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News | Manulife US REIT Takes Loss on Property Sale As It Seeks Capital Infusion