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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 BobTheKnob2on Oct 21, 2022 5:22am
94 Views
Post# 35038195

RE:RE:best decision we could have made

RE:RE:best decision we could have made

You absolutly nailed it Quick. Mine is as optimistic take on the situation as is possible. If there is any consolation it is that the properties are located in a city where the economic situtation is probably the best in the country. 

You are absolutely correct - management is the problem.

They need to go. But they keep hanging around like a bad smell. We can't even vote them off the island. Even when we do vote them off - they still won't go.

The best we can hope for is that they will all die of old age so that fresh blood can take over. They are all in their 70s, if not older.

It is a really sad state of affairs.

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