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The following comments in regard to the financial position and operating results of LREIT should be read in conjunction with interim management's discussion & analysis - quarterly highlights and the interim financial statements for the quarter ended June 30, 2019, which may be obtained from the LREIT website at www.lreit.com or the SEDAR website at www.sedar.com.
LREIT completed Q2-2019 with a loss and comprehensive loss of $8.9 million, compared to a loss and comprehensive loss of $11.0 million during Q2-2018.
Under theterms LREIT paid $8 million for both the properties.
26, 2004 PRICE: $25,250,000 STATUS: Pending PAYMENT: Cash, Assumption of Debt CLASSIFICATION: Change in Control DESCRIPTION: Lanesborough Real Estate Investment Trust (LREIT) agreed to acquire two apartment property complexes in Yellowknife, NWT (120-Suite for $14.3 million) and Greenwood Garden in Surrey B.C.
4, 2003 PRICE: $1,200,000 STATUS: Completed PAYMENT: Cash, Other DESCRIPTION: Lanesborough Real Estate Investment Trust (LREIT) acquired a 16,177 square foot light industrial property in Burlington, Ontario.
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