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Lanesborough Real Estate Investment Trust V.LRT.UN

Lanesborough Real Estate Investment Trust is a Canada-based real estate investment trust. The investment properties of the Company are separated into three operating segments: Fort McMurray Properties, Other Investment Properties, and Held for Sale and/or Sold Properties. Fort McMurray Properties includes eight properties. Other Investment Properties include two properties. Held for Sale and/or Sold Properties includes sold properties: five properties. The property portfolio of the Company consists of approximately 11 rental properties, encompassing 10 multi-unit residential properties, including the unsold condominium units at Lakewood Townhome.


TSXV:LRT.UN - Post by User

Lanesborough Real Estate Investment Trust
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(9)
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Comment by Winnipeg40on Oct 09, 2010 4:41pm
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Post# 17549109

RE: RE: RE: RE: This sale does not look good

RE: RE: RE: RE: This sale does not look good"they were only able to see properties outside of Alberta"   Well...since they were offered 130 a door not long ago...and then sold it for 104...for little cash down....I wouldnt call it a win....It is the Arni Factor...no one wants to deal with him any more...because he is not a man of his word.....you are right about the mgmt part....If the trust wasnt bleading 6-10 MM a year...it could work...because Fort Mac assets could appreciate 10% by mid 2012....but they do not have that much leeway with the debentures soon to mature....Almost all their properties have first and second mortgages...go search them for yourself if you dont believe me...then there are the debs...where does that leave you??
Bullboard Posts
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