MREIT, Inc. is set to acquire additional office assets worth around PHP 20 billion this year, which will eventually increase its portfolio value by 34% from the current PHP 58.5 billion to PHP 78.5 billion by end-2022. These properties will come from various Megaworld townships across the country. In December last year, MREIT completed the acquisition of four commercial properties with a total gross leasable area (GLA) of 55,700 square meters at the cost of PHP 9.1 billion.

By the end of 2021, MREIT's expanded portfolio already consisted of 14 prime, grade A buildings with a total GLA of around 280,000 square meters located in PEZA-accredited zones in the sponsor's townships of Eastwood City, McKinley Hill, and Iloilo Business Park. The various properties will be infused throughout the year with funding expected to come primarily from equity and potentially some debt. Currently, MREIT's percentage of debt versus total Deposited Properties is at around 12%, well below the 35% cap set in the REIT Law.