John Hancock Life Insurance Company (U.S.A) acquired Tanasbourne Commerce Center from Manulife US Real Estate Investment Trust (SGX:BTOU) for $33.5 million on April 12, 2023. The purchase price is subject to closing settlement adjustments comprising, among others, rents, taxes or charges which may have accrued or been incurred prior to the date of closing, but not received or paid at that date. Manulife US Real Estate Management Pte. Ltd. commissioned an independent property valuer, JLL Valuation & Advisory Services, LLC (“JLL”), and DBS Trustee Limited, in its capacity as trustee of Manulife US REIT (the “Trustee”), commissioned another independent property valuer, Colliers International Valuation & Advisory Services, LLC (“Colliers”), to value the Property.

John Hancock Life Insurance Company (U.S.A) completed the acquisition of Tanasbourne Commerce Center from Manulife US Real Estate Investment Trust (SGX:BTOU) on April 12, 2023.