japan reit market hits 8 month high, page-8

Extract from the Australian. 1/7/09 on Japanese reits.

After a name change, the trust most likely to come out of the downturn was Babcock & Brown Japan Trust (BJT), the largest and oldest of the four trusts, with assets of more than $2bn.

Since Babcock & Brown's collapse, BJT has internalised its management and severed all links with Babcock.

A BJT spokeswoman said it is in the process of finding a new name. Chief executive Eric Lucas, who has acquired a 3.6 per cent interest in the trust, is regarded as having a strong knowledge of the Japanese property market.-ends-

Steady as she goes, debt refinancing-property sales-
Time will tell. How much patience have YOU got?

Still holding.