BRIEF-Lanesborough REIT announces sale of Elgin Lodge in Port Elgin, Ontario

Thu Oct 6, 2016 8:26am EDT
 
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Oct 6 (Reuters) - Lanesborough Real Estate Investment Trust

* Lanesborough REIT announces sale of Elgin Lodge in Port Elgin, Ontario

* Deal for $14.5 million

* Says sale resulted in net cash proceeds to LREIT of approximately $4.33 million

* Says net cash proceeds were used to repay revolving loan Source text for Eikon: Further company coverage: