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Manulife US REIT placement ‘well over-subscribed’, raised gross proceeds of US$80.5 mil

PC Lee Published on Tue, Jun 20, 2017 / 5:30 PM GMT+8

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SINGAPORE (June 20): The manager of Manulife US REIT announced on Tuesday that its private placement was “well over-subscribed with strong participation from new and existing institutional investors”, triggering the upsize option.

(See: Manulife US REIT makes US$115 mil maiden acquisition; announces private placement)

As a result, 97 million new units were placed out instead of the 73.6 million new units planned.

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