Lanesborough Real Estate Investment Trust · Winnipeg, MB Canada ·(Toronto: LRT)
Company Description
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This link will open in a new window Contrary to its name, Lanesborough REIT doesn't invest in lanes and boroughs. Instead, the real estate investment trust invests primarily in residential, retail, industrial, and office properties across Canada. Its portfolio includes more than 30 multi-family residential projects, four commercial properties with about 225,000 sq. ft. of leasable space, and three senior housing complexes. Lanesborough's portfolio is valued at some $350 million. In 2009 the REIT agreed to sell seven apartment properties for some $27 million; it has placed other assets up for sale. Lanesborough REIT was established in 2002. To read the full description, subscribe now.
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Key Lanesborough Real Estate Investment Trust Financials
| Company Type | Public - Toronto: LRT Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $54.6 |
| Employees | 7 |
Lanesborough Real Estate Investment Trust Executives
4 executives listed for Lanesborough Real Estate Investment Trust's Winnipeg, MB location.
| Title | Name & Bio | Contact |
| Chairman | Charles Loewen | Network |
| CEO | Arni Thorsteinson | Network |
| CFO and Secretary | Kenneth Dando | Network |
Competition
Competitive Landscape for Lanesborough Real Estate Investment Trust
The health of the economy drives demand for REITs as investment vehicles. Profitability depends on the value of the properties in the portfolio, which in turn highly depends on real estate vacancy rates. Large companies have advantages in deal-making, and economies of scale in marketing, computer and infrastructure investment, and operations. Smaller companies can compete by specializing not only in real estate type, but by geography, though geographic focus can increase risks. To read the full description, subscribe now.Top Lanesborough Real Estate Investment Trust Competitors
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