The portfolio of LREIT consists of 14 multi-family residential projects and one senior housing complex. Eleven of the 14 multi-family residential projects, representing approximately 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.