Portfolio Overview

As at 30 June 2021, the portfolio of Manulife US REIT 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 California, Georgia, New Jersey and Washington, D.C. metropolitan statistical area.

Portfolio Summary (As at 30 June 2021)

Total Valuation US$2.0 billion
Total Net Lettable Area (sq ft) 4.7 million sq ft
WALE (by NLA) 5.3 years
Occupancy 91.7%
Land Tenure Freehold
Number of Tenants 171

Our Properties

Figueroa

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.

Michelson

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.

Peachtree

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.

Plaza

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.

Exchange

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,

Penn

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.

Phipps

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.

Centerpointe

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.
Capitol

Capitol

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.

Portfolio Statistics

As at
30 June 2021
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) 713,789 533,375 558,698 466,496 737,207 278,063 475,778 420,421 500,662
Valuation (US$ million) 313.0 321.0 201.1 113.0 330.0 174.6 213.2 108.7 196.0
WALE by NLA (years) 3.5 5.6 4.4 6.6 5.3 3.7 6.6 5.4 5.5
Number of Tenants 29 12 24 9 24 9 10 18 36
Occupancy Rate (%) 93.0 80.4 90.4 96.7 94.8 93.8 100.0 91.6 85.4