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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

Lanesborough Real Estate Investment Trust > Someone is buying the unit but why?
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Comment by Cbcdistressedon Feb 20, 2022 10:00am
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Post# 34446110

RE:RE:RE:RE:RE:Someone is buying the unit but why?

RE:RE:RE:RE:RE:Someone is buying the unit but why? Good post thanks very much. but my worry is that as soon as you voted them out, the parent company is going to demand the loan they provided over the years, and the company will be forced to liquidate and we as the new share holders will be wipped out entirely, given the huge negative equity at the moment, 

That said, the negative equity is at it's book value, the market value might be higher for today's high oil price. 
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