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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 > Who were the braniacs?
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Comment by Cbcdistressedon Mar 01, 2022 12:34pm
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Post# 34471635

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Who were the braniacs?

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Who were the braniacs?100 million from shelter is repay on demand and the reit doesn't have the money to repay them. I expect they will use this 100 million to take back the control.

Whoever think they can vote out the current management team and the board are way too naive.

the only hope is the fair value adjustment which might increase the bank's appetite for lending more to the reit and eventually replace shelter's 100 million with mortgage but this needs to be quick.
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