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Content tagged with: Apartments

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.

Medallion's SOHOSQ brings 588 apts. to former London hospital site

Steve McLean Residential Apartments Ontario May. 16 2024

SOHOSQ, a key element of London's redevelopment plans for a former hospital site, is nearing completion with occupancy of its 588 apartments expected to begin in January. The 391 South St. project is being led by Medallion Corp.

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