REITSWEEK

Manulife US REIT (MUST) completed on 10 June 2026 the sale of Figueroa, a 35-storey Grade A office tower in downtown Los Angeles, for USD92.5 million. This is a transaction that clears a critical contractual threshold but also quietly underscores just how much the Singapore-listed REIT still has left to do before it can claim a genuine recovery.

CRE Logistics REIT received a significant boost to its financial standing on 9 June 2026 when Japan Credit Rating Agency, Ltd. (JCR) upgraded its long-term issuer rating from A+ to AA-, simultaneously revising the outlook from positive to stable. The one-notch upgrade places CRE REIT firmly within JCR's AA rating band, which the agency reserves for issuers with a very high capacity to meet their financial commitments.

Hankyu Hanshin REIT has announced the planned acquisition of the LIFE Takadono Store site, a retail property located in Asahi-ku, Osaka City, for JPY3.69 billion. The asset, held as a trust beneficiary interest under Mitsubishi UFJ Trust and Banking Corporation, was appraised at JPY3.86 billion as of 1 May 2026 by Daiwa Real Estate Appraisal Co., Ltd. This means that the REIT is acquiring the property at a discount to its assessed value.

Singapore REIT CapitaLand Integrated Commercial Trust (CICT) has moved to defend its SGD3.9 billion acquisition of Paragon amid unitholder concerns that it is overpaying for the Orchard Road integrated development. It has also allayed fears that owning two flagship properties in close proximity could undermine rather than strengthen its position on Singapore's premier shopping strip.

CapitaLand Ascendas REIT (CLAR) has announced the acquisition of 5 Tuas Avenue 5, a modern ramp-up logistics property in Singapore, for a purchase consideration of SGD133.9 million from Hup Hin Transport Co Pte Ltd. The deal, announced on 4 June 2026, represents a 1.5% discount to the property's independent market valuation of SGD136.0 million as at 1 February 2026.

LTC Properties is rapidly reshaping its portfolio around senior housing operating assets, with its SHOP segment expected to account for 40% of net operating income by the end of 2026 as the healthcare REIT continues an aggressive acquisition programme. The US REIT announced on 1 June that it had acquired a 104-unit assisted living and memory care community in Phoenix, Arizona for USD54 million.

When Australian REIT Garda Property Group completed its gleaming new industrial shed at 38-56 Peterkin Street in Acacia Ridge in December 2025, it had no tenant lined up. Six months of vacancy in a building that cost real capital to develop is not the kind of story a REIT wants to tell investors - and analysts had begun to take note, with some expecting a lease out only in FY27. On 1 June 2026, the REIT moved to change that narrative.

Fidelity International's parent entity has reduced its holding in Centurion Accommodation REIT (CAREIT). The REIT is Singapore's first pure-play purpose-built living accommodation REIT. Units in the REIT were disposed of in a market transaction that crystallises a gain of roughly 23% above the REIT's initial public offering (IPO) price. Related: Centurion Accommodation REIT faces institutional selling pressure in debut week

Nest Hotel Naha Kumoji, an asset of Japanese REIT Activia Properties. (Photo: Activia Properties) Japanese REIT Activia Properties Inc. announced on 26 May the acquisition of Nest Hotel Naha Kumoji, a limited-service hotel in Okinawa's capital city, for JPY5,490 million, as part of its ongoing asset replacement strategy. The Tokyo-based REIT, managed by TLC REIT Management Inc., signed the purchase contract on 26 May, with settlement and acquisition both scheduled for 29 May.