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Tue, December 8, 2009

[ Tue, Dec 08th 2009 ]: Market Wire

IGM Financial Announces Closing of Preferred Share Issue

[ Tue, Dec 08th 2009 ]: Market Wire

ZipRealty Introduces Free iPhone Application Enab .. Mobile House-Hunting in More Than 4,800 Locations

[ Tue, Dec 08th 2009 ]: Market Wire

RIGH Completes Reverse Merger and Enters $11 Billion a Year Teeth Whitening Industry

[ Tue, Dec 08th 2009 ]: Market Wire

Ohr Pharmaceutical Presents New Interim Phase 2 C .. AVR118 Drug to Be Safe, Effective Treatment of Se

[ Tue, Dec 08th 2009 ]: Market Wire

Solargy Systems Inc. Retains Investment Bank to Prepare 144a Offering

[ Tue, Dec 08th 2009 ]: Market Wire

San Marco Resources Acquires 100% Interest in El Tecomate Gold Project in Mexico

[ Tue, Dec 08th 2009 ]: Market Wire

Mazorro Resources Announces Acquisition of Explor .. rmits in the Eastern Democratic Republic of Congo

[ Tue, Dec 08th 2009 ]: Market Wire

Alexis Starts Milling Bulk Sample From Lac Pelletier Gold Mine Project

[ Tue, Dec 08th 2009 ]: Market Wire

Nevada Copper Commences Pre-Feasibility and 25,000 Meter Drilling Program

[ Tue, Dec 08th 2009 ]: Market Wire

Paladin Energy Ltd: Kayelekera Mine Unaffected by Malawi Earthquakes

[ Tue, Dec 08th 2009 ]: Market Wire

Big Red Diamond Completes Airborne Survey on Rare Earth Property

[ Tue, Dec 08th 2009 ]: Market Wire

Heathrow Natural Food & Beverage, Inc. : Heathrow .. erage, Inc. Set to Roll Out ACAI Plus Chewing Gum

[ Tue, Dec 08th 2009 ]: Market Wire

Sirona Biochem Says Improved Chemical Process for .. Molecules Will Speed Up Pre-Clinical Development

Mon, December 7, 2009

[ Mon, Dec 07th 2009 ]: Market Wire

Coastport Acquires Montney Lands

[ Mon, Dec 07th 2009 ]: Market Wire

Winmax Extends Its Agreement for the Sale of Its Subsidiary

[ Mon, Dec 07th 2009 ]: Market Wire

Definitive Private Funding Agreement Reached Betw .. Motor Company and Angeltouch Petroleum & Refining

[ Mon, Dec 07th 2009 ]: Market Wire

San Marco Appoints Brent Hendrickson as V.P. Exploration

[ Mon, Dec 07th 2009 ]: Market Wire

Sparta Signs Letter of Intent to Acquire Assets of Consumer Finance Company

[ Mon, Dec 07th 2009 ]: Market Wire

SMVI to Utilize iContact Services for PetsPlaces.com

[ Mon, Dec 07th 2009 ]: Market Wire

COBRA Subsidy Expiration: National Data Shows Pricing for Non-Group Health Insurance Market

[ Mon, Dec 07th 2009 ]: Market Wire

China Career Builder Corp's Subsidiary Asian Care .. cutive Search Service Agreement With Guangzhou Su

[ Mon, Dec 07th 2009 ]: Market Wire

Paladin Energy Ltd: Change of Address

[ Mon, Dec 07th 2009 ]: Market Wire

Schuff Steel Company Completes Purchase of Steel Fabrication Facility in Stockton, CA

[ Mon, Dec 07th 2009 ]: Market Wire

BIOREM receives international orders totaling C$1.2 million

[ Mon, Dec 07th 2009 ]: Market Wire

Medipattern and PenRad to Install 1st B-CAD(R) PenLink(TM) At Zwanger-Pesiri Radiology

[ Mon, Dec 07th 2009 ]: Market Wire

Sirona Biochem Bolsters Scientific Advisory Board With Another Top Canadian Scientist

Sun, December 6, 2009

[ Sun, Dec 06th 2009 ]: Market Wire

US Oil & Gas Corp.: United States Oil & Gas Corpo .. to Acquire 100% of North Dakota Services Company

Sat, December 5, 2009

[ Sat, Dec 05th 2009 ]: Market Wire

DirectView Chosen to Facilitate Worldwide Broadca .. erapy Specialists From Around the World Gathering

Fri, December 4, 2009

[ Fri, Dec 04th 2009 ]: Market Wire

Adventure Gold Private Placement Offering: Closing of First Tranche

[ Fri, Dec 04th 2009 ]: Market Wire

Aldridge Comments on Unusual Market Activity

[ Fri, Dec 04th 2009 ]: Market Wire

Terminus Energy, Inc. (Quintessence Holdings Inc. .. rminus Energy Inc. Announces Ticker Symbol Change

[ Fri, Dec 04th 2009 ]: Market Wire

BRT Realty Trust Announces Date of Release of Res .. ions for the Fiscal Year Ended September 30, 2009

[ Fri, Dec 04th 2009 ]: Market Wire

Dynamic KTRV Fox 12 News Anchor to Join AEHI Team

[ Fri, Dec 04th 2009 ]: Market Wire

Benton Starts Drilling in Heart of Timmins Gold Camp

[ Fri, Dec 04th 2009 ]: Market Wire

Home Capital Group Appoints New President

[ Fri, Dec 04th 2009 ]: Market Wire

Leisure Canada Inc. Retains Investor Relations Firm

[ Fri, Dec 04th 2009 ]: Market Wire

eMax Holdings Corp. Retains the SEC Legal Services of McMullen Associates LLC

[ Fri, Dec 04th 2009 ]: Market Wire

Corrections Corporation of America to Cease Operations at Prairie Correctional Facility

[ Fri, Dec 04th 2009 ]: Market Wire

Galway announces start of drilling at its California gold project in Colombia

[ Fri, Dec 04th 2009 ]: Market Wire

Cisco Controls More Than 90% of the Shares in TANDBERG

Thu, December 3, 2009

[ Thu, Dec 03rd 2009 ]: Market Wire

REXEL : INVESTOR DAY - REXEL PRESENTS ITS STRATEGIC ROADMAP

[ Thu, Dec 03rd 2009 ]: Market Wire

Cisco Controls Approximately 89 Percent of TANDBERG -- 90 Percent Condition Waived

[ Thu, Dec 03rd 2009 ]: Market Wire

Capital Power Income L.P. and CPI Preferred Equit .. idend on the Cumulative Redeemable Preferred Shar

[ Thu, Dec 03rd 2009 ]: Market Wire

Capital Power Income L.P. announces monthly distribution

[ Thu, Dec 03rd 2009 ]: Market Wire

IAT Air Cargo Facilities Income Fund Announces Receipt of Updated Fairness Opinion

[ Thu, Dec 03rd 2009 ]: Market Wire

Peregrine Announces Microdiamond Results for CH-1 .. nd Commencement of 50 Tonne CH-1 Mini-Bulk Sample

[ Thu, Dec 03rd 2009 ]: Market Wire

Amica Mature Lifestyles Announces New Chief Financial Officer

[ Thu, Dec 03rd 2009 ]: Market Wire

Media Advisory: The Annual Meeting of Shareholders of Cogeco Cable Inc.

Lanesborough REIT Completes Sale of Eight Properties for $40.3 Million and Reports Gain on Sale of $8.98 Million

//business-finance.news-articles.net/content/200 .. on-and-reports-gain-on-sale-of-8-98-million.html

Published in Business and Finance on Monday, December 7th 2009 at 10:31 GMT by Market Wire
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December 7, 2009

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LANESBOROUGH REAL ESTATE INVESTMENT TRUST

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Lanesborough REIT Completes Sale of Eight Properties for $40.3 Million and Reports Gain on Sale of $8.98 Million

WINNIPEG, Dec. 7 /CNW/ - Lanesborough Real Estate Investment Trust ("LREIT") (TSX: LRT.UN) announced today that it has completed the previously announced sales of eight apartment properties. Details of the sales transactions are as follows:

 - 404-suite portfolio of six apartment properties in Prince Albert, Saskatchewan, known as Marquis Towers, Borden Estates, Cedar Village, MGM Apartments, Carlton Manor and Riverside Apartments. The portfolio was sold for $17.4 million and resulted in net cash to LREIT of approximately $6.24 million, net of expenses, closing adjustments, and approximately $10.65 million of first mortgage debt either repaid or assumed by the purchaser. The gain on sale was approximately $2.87 million. - 93-suite apartment property in Sherwood Park, Alberta, known as Broadview Meadows. The property was sold for $9.1 million and resulted in net cash to LREIT of approximately $3.6 million, net of expenses, closing adjustments, and the assumption by the purchaser of approximately $5.23 million of first mortgage debt. The gain on sale was approximately $2.84 million. - 183-suite apartment property in Surrey, British Columbia, known as Greenwood Gardens. The sale price was $13.82 million of which $6.55 million was satisfied by LREIT providing second mortgage financing to the purchaser for an 18-month term, bearing interest at 3% for the first six months and 6% thereafter. Net of the second mortgage, the sale resulted in net cash to LREIT of approximately $2 million, after expenses, closing adjustments and the assumption by the purchaser of approximately $5.21 million of first mortgage debt. The gain on sale was approximately $3.27 million.

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