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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

Comment by Winnipeg40on Dec 13, 2010 10:56am
327 Views
Post# 17837847

RE: RE: RE: Correct me if I am wrong ... please !

RE: RE: RE: Correct me if I am wrong ... please !The bondholders are NOT taking a 38% haircut...THis is worded strangely.

Fort Mac occupancy in unfurnished rentals is up...Furnished is down...for a total increase in occupancy but not revenue

Note in the Prospectus how big their cash deficiency is...it is scary at 20 MM per year
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