Manulife US REIT dissolves Sacramento subsidiary
The company said the divestment won’t have a significant impact on REIT finances.
Manulife US Real Estate Investment Trust (Manulife US REIT) announced the voluntary winding up and dissolution of its indirect subsidiary, Hancock S-REIT Sacramento LLC, which held the Capitol property in Sacramento, California, a press release for Manulife stated.
The winding-up does not have a material impact on the consolidated net tangible assets or earnings per unit of Manulife US REIT for the financial year ending 31 December 2025.
The press release also stated that none of the directors of the Manager has an interest, direct or indirect, in the winding-up of the Subsidiary.