Dream Office REIT plans to offload $1.2 billion of properties

One of the success stories of the post-financial-crisis era is planning to offload more than a billion-dollars-worth of properties as market conditions have been hit by the downturn in the energy sector are investors’ caution over rising US interest rates. Dream Office REIT wants to sell at least $1.2 billion worth of its portfolio in the hope that achieving good prices will boost investor confidence in the rest of its portfolio. Dividends will also be cut to $1.50 per unit.

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