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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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Post by Tslayeron Nov 19, 2021 12:18pm
185 Views
Post# 34146182

Life Support

Life SupportThey are on life support. Looking for someone to purchase all their debt and take over the investment. The only thing that might make them attractive is the price of oil is picking up again and Fort McMurray is benefitting from this uptake.There might be value in the properties but is someone going to pay $0.05 per share? Time will tell.
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Dealroom for high-potential pre-IPO opportunities