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LANESBOROUGH REIT CLOSES SALE OF TWO PROPERTIES

Summary by Benzinga
WINNIPEG, MB, March 15, 2024 /CNW/ - Lanesborough Real Estate Investment Trust ("LREIT") (TSXV:LRT) announces that it has completed the sale of: Nelson Ridge Estates, 101 Loutit Road, Fort McMurray, Alberta (the "Nelson Ridge Property") to 7254751 Manitoba Ltd. ("725"), pursuant to the terms of a purchase agreement, for aggregate consideration of $22,000,000 plus an increase in the line of credit from 2668921 Manitoba Ltd. ("266"), a sister com…

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Benzinga broke the news in New York, United States on Friday, March 15, 2024.
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