Portfolio Overview

Our Portfolio of Assets

As at 30 June 2020, Manulife US REIT’s portfolio comprises nine office properties in the United States, with an aggregate net lettable area of 4.7 million sq ft. The nine prime, freehold and Trophy or Class A quality office properties are strategically located in in key markets in California, Georgia, New Jersey and Washington D.C. MSA.

Portfolio Summary (As at 30 Jun 2020)
Total Valuation US$2.0 billion
Total Net Lettable Area (sq ft) 4.7 million sq ft
WALE (by NLA) 5.7 years
Occupancy 96.2%
Land Tenure Freehold
Number of Tenants 182

Our Properties


865 South Figueroa Street
Los Angeles, California

A 35-storey granite and reflective glass office tower located in Downtown Los Angeles, California in the immediate vicinity of entertainment venues including LA Convention Center, Staples Center and LA Live.

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3161 Michelson Drive
Irvine, California

A state-of-the-art 19-storey, high-rise Trophy office building strategically located between Los Angeles and San Diego, surrounded by hotels, high-end condominiums and apartments, restaurants, and a wide range of retail options.

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1100 Peachtree Street
Atlanta, Georgia

A 27-storey Class A office building located in a prominent location on Peachtree Street within the Midtown submarket of metropolitan Atlanta. The building's amenities include a high-end seafood restaurant, a sandwich cafe, news and sundries shop, a brand new fitness centre and a large conference centre.

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500 Plaza Drive,
Secaucus, New Jersey

Plaza is a 11-storey Class A office building with 461,525 sq ft of leasable area, located in Secaucus, New Jersey. The Property underwent major refurbishment in 2015 and 2016, with improvements to the amenities and substantial upgrades to the finishes and grounds.

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10 Exchange Place
Jersey City, New Jersey

Exchange is located at 10 Exchange Place in Jersey City, New Jersey, with outstanding transportation links through interstate highways and three major airports, Newark, LaGuardia and John F. Kennedy. The property allows tenants to step out and travel directly to NYC through Exchange Place Station (PATH) in 10 minutes,

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1750 Pennsylvania Avenue
Washington, D.C.

Penn is located a block away from the White House in Washington, D.C., and in close proximity to the International Monetary Fund, the World Bank and the Federal Reserve.

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Phipps Tower
Atlanta, Georgia

Phipps is strategically located in the Buckhead office submarket in Atlanta, one of the primary business districts of Atlanta. Buckhead has high-end retail and entertainment venues and is surrounded by an upscale residential area.

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Centerpointe I & II
Fairfax, Virginia

Centerpointe is located in Fairfax Center, a submarket within Fairfax County, Virginia, in the Washington Metropolitan Area. The Property enjoys easy access to the entire Washington, D.C. region via adjacent connections to Route 50 and Interstate 66.

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400 Capitol Mall
Sacramento, California

Capitol is located at 400 Capitol Mall in Sacramento, California. The property is uniquely positioned in the CBD of Sacramento, with good access to multiple public transit options.

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Portfolio Statistics

As at 30 Jun 2020 Figueroa Michelson Peachtree Plaza Exchange Penn Phipps Centerpointe Capitol
Location Los Angeles Irvine Atlanta Secaucus Jersey City Washington, D.C. Atlanta Virginia Sacramento
Usage Office Office Office Office Office Office Office Office Office
Completion Year 1991 2007 1991 1985 1988 1964 2010 1987/1989 1992
Parking Stalls 841 2,744 1,221 1,474 467 287 1,150 1,456 1,094
NLA (sq ft) 704,704 533,375 558,784 461,525 736,356 277,597 475,778 420,013 500,662
Valuation (US$ million) 329.1 335.0 205.8 114.7 338.0 180.2 215.2 120.5 196.0
WALE by NLA (years) 3.7 5.6 5.3 7.0 6.3 4.5 7.6 5.8 5.3
Number of Tenants 30 14 25 7 24 11 10 20 41
Occupancy Rate (%) 93.5 90.1 98.3 98.9 95.8 100.0 100.0 98.7 94.1