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.

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Lanesborough Real Estate Investment Trust > creditor vs creditor

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Comment by BobTheKnob2on Dec 05, 2021 11:53pm

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Post# 34200987

RE:RE:RE:creditor vs creditor

riverrrow wrote: my point is creditors expect the debenture holders to accept pennies in order to preserve their own capital. Let the company go into default and it would cost the mortgage holders and creditors a lot more than if they bought out the debenture holders and common shareholders. GLTA.

That is possible, although not always true.

I appreciate the further explaination.

My experience is that banks do not like holding real assets or being a landlord - they would rather sell the asset for next to nothing than have the hassle of owning the property.

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