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Manulife US REIT Sells Its Best-Performing Office Property

Deal Is Part of Broader Debt Reduction Plan
Manulife US REIT sold Park Place near Phoenix as part of a $237 million debt reduction and recapitalization plan. (CoStar)
Manulife US REIT sold Park Place near Phoenix as part of a $237 million debt reduction and recapitalization plan. (CoStar)
CoStar News
December 18, 2023 | 4:15 P.M.

Manulife US REIT, a Singapore-based real estate investment trust, sold its best-performing office property to another of its sponsor's affiliates as part of a $236 million debt reduction and recapitalization plan.

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