You know like hdb flats most reits hold the property as leasehold, often 99 years.
I am doing homework on the first reit report I am reading which states the property is measured at cost and thereafter fair value.
I guess they will probably do maintenance from time to time to enhance the buildings. But given that there is no depreciation, then I guess lease decay will come in at some point in time.
Would you fret over lease decay?