As of March 1, 2010, the portfolio of LREIT consists of 23 multi-family residential projects, two commercial properties and four senior housing complexes.

Thirteen of the 23 multi-family residential projects, representing 1,167 units, are located in Fort McMurray, Alberta. The concentration of multi-family residential projects in Fort McMurray capitalizes on the demand for local housing which is resulting from the ongoing expansion of the oil sands industry.

Canada's oil boomtown

The first property acquired by LREIT was the Kenaston property, which is comprised of two buildings - Kenaston Place and Kenaston Village Mall. The Kenaston property was sold, effective October 1, 2009.