Amid persistent headwinds in the US office market, Manulife US REIT (MUST) has begun an introspection process as part of efforts to rejuvenate its business operations.
And the introspection process, which includes the forming a working committee consisting of representatives from the REIT’s board and sponsor, will ask serious questions over its future direction.
The matter was disclosed by CEO of the REIT’s manager, Tripp Gantt, in a recent call to discuss its business operations for 3Q 2022.
MUST is a US-focused office REIT with a portfolio of 12 assets across the country.
The REIT reported on 2 November that it has achieved a positive rental reversion of 4.3% for leases secured or renewed during its 3Q 2022.
Related: Manulife US REIT assets are well-positioned for hotelisation trend, says CEO
Dear members, please login to continue reading this article.
Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here. Why subscribe?