Manulife US REIT: Marches Towards Washington, D.C. & Buckhead, Atlanta With US$387 Million Acquisitions.13 Apr 2018 10:30
Conquers the Capital of U.S. and gains exposure to Buckhead, Atlanta's strongest office submarket. High occupancy of 97.2% and 97.3% for Penn and Phipps respectively. Fortifies trade sectors and lengthens WALE by NLA from 5.7 years to 6.3 years. Acquisition of both properties from Sponsor at 1.8% discount. Accretive acquisitions increase DPU by 1.4%. Establishment of US$1.0 billion Multicurrency Debt Issuance Programme...
Source: ShareInvestor Express