Morguard Corp T.MRC

Alternate Symbol(s): MRCBF

Morguard Corporation is a Canada-based real estate company. The Company’s principal activities include property ownership, development and investment advisory services. Property ownership encompasses interests in multi-suite residential, commercial and hotel properties located in Canada and the United States. The Company owns a diversified portfolio of 178 multi-suite residential, retail, office, industrial and hotel properties comprised of 17,566 residential suites, approximately 17.1 million square feet of commercial leasable space. The Company also owns a 65.0% interest in Morguard Real Estate Investment Trust and a 45.3% effective interest in Morguard North American Residential Real Estate Investment Trust. It also provides advisory and management services to institutional and other investors. The Company's subsidiaries include Morguard Real Estate Investment Trust and Morguard North American Residential Real Estate Investment Trust.

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Morguard Corp > 2020 and Q4 results are in

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Comment by mariorizzion Mar 09, 2021 5:50pm

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Post# 32755842

RE:RE:RE:RE:RE:RE:RE:RE:RE:2020 and Q4 results are in

Most of the malls are half empty. A few in the USA are completely empty and have been closed for years.

Redevelopment is expensive. The North Shore Square mall in Louisiana is completely vacant and has been ready for redevelopment for 5 years already. It will cost over $50 million. A mall like that is worth less than the land value at this point. It's located in Slidell... which is in the middle of nowhere.

https://www.nola.com/news/northshore/article_2b8acb74-0c20-542b-81f6-636b750d76a7.html

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