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Leon's Furniture Real Estate Valuation Revealed | Toronto News
Leon’s Furniture just revealed its real estate portfolio is worth a staggering $1.17 billion — more than four times its old book value — fueling its long-term plan to launch a REIT. With properties spanning Ontario and Alberta, from retail stores to distribution centers on prime land, the company commissioned this fresh valuation to give investors a clear market snapshot. The move signals a strategic shift: unlocking hidden value by converting income-producing assets into a publicly traded vehicle, while Leon’s keeps majority control. Key projects like Toronto’s highway-adjacent mixed-use…
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