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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 estebancaballoon Jan 21, 2016 3:53pm
132 Views
Post# 24481759

RE:It's the Debt, Este

RE:It's the Debt, EsteBut there would be equity if they sold the non FM portion of their portfolio to pay down debt or simply walked away from the FM assets and sold off everything else.....what else is there to do in this situation? Wait for the price of oil to go back up. In the meantime survive by selling assets....probable scenario I guess. But it would only take one savvy investor to put LRT in play...at this level even retail investors could step in..... All imho.
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