United Hampshire US Real Estate Investment Trust (UHREIT) has announced the proposed divestment of its property, BJ’s Quincy, for $34m. The agreement, signed on 17 August 2026 with 200 Crown, LLC, an unrelated third party, is expected to be completed by 15 September 2026.
The divestment aligns with UHREIT’s strategy to actively manage its portfolio, aiming to maximise asset performance and improve financial flexibility. The proceeds will be used to reduce bank borrowings, lowering UHREIT’s leverage ratio from 38.6% to 35.9% and improving its interest coverage ratio from 2.4 to 2.5 times.
The property, located at 200 Crown Colony Drive, Quincy, Massachusetts, is a single-storey building leased to BJ’s Wholesale Club. The sale price represents a premium of 4.9% over its independent valuation of $32.4m by Cushman & Wakefield.
UHREIT’s manager stated, “The divestment will enable us to pursue growth opportunities, enhancing the resilience and diversification of our portfolio.” The net proceeds, estimated at $33.3m after transaction costs, will also support potential acquisitions and asset enhancements.
This move is part of UHREIT’s broader capital recycling strategy, allowing for capital redeployment into growth opportunities. The divestment is expected to strengthen UHREIT’s capital structure, providing greater financial flexibility for future developments.
