Photo from Unsplash by Towfiqu barbhuiya.

Manulife US REIT reports lower occupancy rate in Q1

The REIT recently sold a property for $173.55m.

Manulife US REIT reported a 69.9% occupancy rate in Q1 2025, a dip from 73.9% in the previous quarter.

The group attributed the dip in occupancy to to lease expiries at Diablo, located in Tempe, Arizona.

The dip was offset by recently signed leases at Phipps at Centerpointe.

Rent reversion further dropped to -8.9% from -5.1% in Q4 2024.

The group also reported that it sold Peachtree, a 28-storey Class A office building in Atlanta, Georgia, for $173.55m (US$133.8m) to repay 58% of its 2026 debts.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!