WINNIPEG, Nov. 10, 2016 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT”) (TSX: LRT.UN) today reported its operating results for the quarter ended September 30, 2016. The following comments in regard to the financial position and operating results of LREIT should be read in conjunction with Management’s Discussion & Analysis and the financial statements for the… [Read More]
Lanesborough REIT Announces Sale of Elgin Lodge in Port Elgin, Ontario
WINNIPEG, Oct. 6, 2016 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT”) (TSX: LRT.UN) announced today that it has completed the sale of Elgin Lodge, effective October 1, 2016, for $14.5 million, subject to customary closing adjustments. Elgin Lodge is a 115-suite retirement residence located in Port Elgin, Ontario. The sale resulted in net cash proceeds… [Read More]
Lanesborough REIT Reports 2016 Second Quarter Results
WINNIPEG, Aug. 9, 2016 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT”) (TSX: LRT.UN) today reported its operating results for the quarter ended June 30, 2016. The following comments in regard to the financial position and operating results of LREIT should be read in conjunction with Management’s Discussion & Analysis and the financial statements for the… [Read More]
Lanesborough REIT Announces voting results of the annual and special meeting of unitholders
WINNIPEG, June 21, 2016 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT“) (TSX: LRT.UN) announced today the results of the votes held at its June 21, 2016 annual and special meeting of unitholders (the “Meeting”). The total number of trust units represented by unitholders present in person or by proxy at the Meeting was 2,840,042,… [Read More]
Lanesborough REIT Announces Extension and Amendment of Series G Debentures and Reduction in Revolving Loan Facility Interest Rate
NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES WINNIPEG, June 21, 2016 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT”) (TSX: LRT.UN) announced today that its issued and outstanding 9.50% Series G Redeemable Subordinated Secured Debentures due June 30, 2018 (the “Debentures”) have been extended and amended. In particular, (a) the… [Read More]
Lanesborough REIT announces intention to extend and amend Series G debentures and reduction in revolving loan facility interest rate
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/ WINNIPEG, May 12, 2016 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT”) (TSX: LRT.UN) announced today its intention to extend and amend its issued and outstanding 9.50% Series G Redeemable Subordinated Secured Debentures due June 30, 2018 (the “Debentures”). In particular, LREIT… [Read More]
Lanesborough REIT Reports 2016 First Quarter Results
WINNIPEG, May 11, 2016 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT”) (TSX: LRT.UN) today reported its operating results for the quarter ended March 31, 2016. The following comments in regard to the financial position and operating results of LREIT should be read in conjunction with Management’s Discussion & Analysis and the financial statements for… [Read More]
Lanesborough REIT Completes the Sale of Two Properties
WINNIPEG, May 3, 2016 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT”) (TSX: LRT.UN) announced today that it has completed the sale of the following two properties, with an effective date of May 1, 2016: Willowdale Gardens, an 88-suite apartment property located in Brandon, Manitoba, was sold for $9 million. The sale resulted in net… [Read More]
Lanesborough REIT Reports 2015 Operating Results
WINNIPEG, March 10, 2016 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT”) (TSX: LRT.UN) today reported its operating results for the year ended December 31, 2015. The following comments in regard to the financial position and operating results of LREIT should be read in conjunction with Management’s Discussion & Analysis and the financial statements for the… [Read More]
Lanesborough REIT Announces Special Distribution for 2015 Payable in the Form of Additional Trust Units
WINNIPEG, Dec. 15, 2015 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT”) (TSX: LRT.UN) announced today that a special “non-cash” distribution in the estimated amount of $8.8 million (approximately $0.43452 per trust unit based on the number of trust units outstanding as of the date of this press release) has been declared payable on December 31,… [Read More]
Lanesborough REIT Reports 2015 Third Quarter Results
WINNIPEG, Nov.10, 2015 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT”) (TSX: LRT.UN) today reported its operating results for the quarter ended September 30, 2015. The following comments in regard to the financial position and operating results of LREIT should be read in conjunction with Management’s Discussion & Analysis and the financial statements for the quarter… [Read More]
Lanesborough REIT completes $70.25 million sale of Colony Square and announces debt reduction and expected tax impact
WINNIPEG, Nov. 2, 2015 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT”) (TSX: LRT.UN) announced today that it has completed the previously announced sale of Colony Square in downtown Winnipeg, MB for $70.25 million, subject to customary closing adjustments. The three tower complex, consisting of 428 apartment suites, approximately 83,300 square feet of commercial space and… [Read More]