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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 quicksilver545on Dec 30, 2021 1:08pm
52 Views
Post# 34271340

RE:RE:RE:The smart thing for 2668921 Manitoba to do

RE:RE:RE:The smart thing for 2668921 Manitoba to do This is what i figured, Isyckle, when I read through the balance sheet. Seems like real estate assets are not valued on their market price, but on their income potential. 

Any ideas on what the actual liquidation of the real estate assets would be, and if it would leave enough to be distributed to debentureholders?

I'm still on the fence regarding changing my vote to reject the proposal. It does feel like debentureholders are not being treated fairly compared to other secured lenders.
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