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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

Comment by alertmeippon Dec 23, 2009 10:02pm
482 Views
Post# 16616101

RE: RE: RE: RE: RE: RE: Lanesborough REIT to pay s

RE: RE: RE: RE: RE: RE: Lanesborough REIT to pay sToday's news shouldn't be a surprise to anyways.
That's why they seek shareholder approval couple months ago.
The investment thesis is still intact... Properties the REIT own worth about 3-4 bucks and the rental market in FM has bottomed - you buy this for 70 cents and hope the econ will keep on improving.
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