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Winnipeg

Artis ends strategic review, negotiates $520M in new credit facilities

RENX Staff Commercial REITs Winnipeg Dec. 13 2024

Artis REIT management says it has concluded a 16-month strategic review of the trust after $1.1 billion of property dispositions - which has made a significant dent in its debt - and securing $520 million of new senior debt facilities.

 

As losses continue, Lanesborough REIT to sell assets and shut down

Don Wilcox Residential Apartments Winnipeg May. 23 2024

UPDATED: Heavily indebted Lanesborough REIT (LRT.UN-V) intends to sell its property assets to a company connected to its vice chairman for $41M and cease operations. In its Q1 2024 financials released Thursday, LREIT reports a $2.3-million loss.

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