Lanesborough REIT announces February 2007 distribution

Tue Feb 20, 1:55 PM

WINNIPEG, Feb. 20 /CNW/ - Lanesborough Real Estate Investment Trust ("LREIT") (TSX: LRT-UN.TO) announced today a distribution of $0.04667 per unit ($0.56 per unit on an annualized basis) for the month of February 2007. Payment will be made on March 15, 2007 to the Unitholders of record as of February 28, 2007.

LREIT is a real estate investment trust, which is listed on the Toronto Stock Exchange under the symbol LRT.UN. The objective of LREIT is to provide Unitholders with stable cash distributions from investment in a geographically diversified Canadian portfolio of quality real estate properties. There are currently 17,405,435 trust units outstanding. For further information on LREIT, please visit our website at www.lreit.com.

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Contacts

Arni Thorsteinson
Chief Executive Officer
or Gino Romagnoli
Investor Relations
Tel: (204) 475-9090
Fax: (204) 452-5505
Email: info@lreit.com