Each of the Rubicons have their own issues. RAT has the worst...

Each of the Rubicons have their own issues. RAT has the worst NTA and gearing but at least the there is interest in the assets. RJT has a real problem with their leases. A lot expire this year and they appear to be old B grade properties requiring huge capex to attract new tenants. Meaning Rental discounts and/or long vacancy periods. Japanese banks can also behave irrationally. REU has high quality properties, long leases but a poor market for sales. I'm now calling RAT #1REU #2RJT#3