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Lanesborough Real Estate Investment Trust V.LRT.UN

Lanesborough Real Estate Investment Trust (The Trust) is a Canada-based closed-end real estate investment trust. The investment properties of the Trust operate through three segments: Fort McMurray Properties, Other Investment Properties, and Held for Sale and/or Sold Properties. Its Fort McMurray Properties include 10 properties. Its Other Investment Properties includes three properties. It’s Held for Sale and/or Sold Properties includes four properties. The Trust's property portfolio consists of 13 rental properties, encompassing 12 multi-unit residential properties, including the unsold condominium units at Lakewood Townhomes.


TSXV:LRT.UN - Post by User

Lanesborough Real Estate Investment Trust
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Comment by Time2soaron Sep 18, 2009 6:02pm
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Post# 16320085

RE: RE: RE: RE: RE: net proceeds

RE: RE: RE: RE: RE: net proceedsI believe these are fair market prices. Not a fire sale. I think people are not taking a chance because of all the other opportunities in the market at the current time. October 1 st i believe will be judgement day where we find out if we are wrong or right as bank debt is due at this time as well as the sale of the properties. I believe at the current market situation if they pay most of their debt the bank will give them an extension at the very least. Another 1 of their funds is tr.un and they just finished their financing and their share price is appreciating 2.20-2.70. They are hotels mainly in Fort mac, which are hit harder then the residential rental properties in Fort Mac. I cross my fingers but i do believe they will make it through.  
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