This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Lanesborough REIT sells Village West Townhouses 2009-11-06 00:36 ET - News Release Mr. Arni Thorsteinson reports LANESBOROUGH REIT COMPLETES $7.9 MILLION SALE OF SASKATOON PROPERTY Lanesborough Real Estate Investment Trust (LREIT) has completed the previously announced sale of a 100-suite townhouse property in Saskatoon, Sask., known as Village West Townhouses, for $7.9-million. The sale resulted in net cash to LREIT of approximately $2.99-million, net of expenses and closing adjustments, and the repayment of approximately $4.79-million of first mortgage debt. LREIT will use the net cash from the sale to repay debt.
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