The portfolio of LREIT consists of 16 multi-family residential projects and two senior housing complexes. Thirteen of the 16 multi-family residential projects, representing over 1,000 units, are located in Fort McMurray, Alberta.

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.