Login

Falling Office Values Are Forcing Manulife US REIT To Sell Properties

Singapore Firm Breaches Lending Agreements

The reduced value of Phipps Tower in Atlanta has slowed efforts to close on its sale. (CoStar)
The reduced value of Phipps Tower in Atlanta has slowed efforts to close on its sale. (CoStar)

Singapore-listed U.S. office owner Manulife US REIT reported a drop in value of its property portfolio at the end of June that has put the firm in breach of its financing agreements.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In