First REIT may have been an Indonesia-focused healthcare landlord for much of its existence, but the REIT is poised to be an international player once its proposed recapitalisation plans are approved.

Further details on this "First REIT 2.0" ambition was provided by the CEO of the REIT’s manager, Victor Tan, in an interview with REITsWeek.

Tan has also come out to explain why the REIT is not taking legal action against its master lessees who are at risk of defaulting on their leases, and taking the rent restructuring route instead.

The following article contains a full transcript of the video interview with Victor Tan, a portion of which can be viewed here:

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.