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Lanesborough Real Estate Investment Trust V.LRT.UN

Real Estate REIT - Residential
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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Comment by estebancaballoon Apr 10, 2014 10:07pm
91 Views
Post# 22437974

RE:RE:Sale of seniors' residences?

RE:RE:Sale of seniors' residences?Are you sure about the REIT status R? My understanding is that they have to divest themselves of these 'business operations' as they are not pure real estate plays and don't qualify under the tax code.... could be wrong but think I am right. I recall this being mentioned in LREIT reports from prior years.... but not 100% sure. All imho.
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