Is My MLA a Landlord?

The ethics disclosure statement for Greg Nesbitt, Member for Riding Mountain, is summarized as follows:

Assets of Greg Nesbitt:

* Real Property Interests: Registered ownership of a condo located at 303 - 15 Kennedy Street, Winnipeg.

* Investments and Mutual Funds: Shares in BCE Inc., MCCN, CNX, CIBC FIXED INCOME SECURITIES and TD FIXED INCOME SECURITIES were held.

* Interests in Private Corporations: Shares were held in GDN Holdings Ltd., Lynndale Properties Ltd., Grasslands News Group Ltd., Russell Inns Ltd., Russell Inns Holdings Ltd., Ski Asessippi Ltd., 3820068 Manitoba Ltd., Lakestreet Holdings Ltd., Russell Inns Holdings 2008 Ltd., Ski Asessippi Ltd. Partnership, Russell Inns Holdings 2010 Ltd., and Shell Creek Properties Ltd.

* Trust Property: Shares of Lynndale Properties Ltd. and Lakestreet Holdings Ltd. are held in the Greg Nesbitt Family Trust and the Greg Nesbitt Investment Trust.

Liabilities of Greg Nesbitt:

* Mortgages: A mortgage is held with Fusion Credit Union Ltd. for the condo located at 303 - 15 Kennedy Street, Winnipeg, MB.

Details of Private Corporations:

* GDN Holdings Ltd.: A holding company whose income source is profits from Lynndale Properties Ltd. It is affiliated with Lakestreet Holdings Ltd. and Lynndale Properties Ltd.

* Lynndale Properties Ltd.: Involved in property rental and investments, deriving income from commercial property rental and real estate investments. It is affiliated with Lakestreet Holdings Ltd. and GDN Holdings Ltd. Real property owned includes: LOT 11, BLOCK 4, PLAN 850 - RM OF YELLOWHEAD, LOT 14, BLOCK 3, PLAN 850 - RM OF YELLOWHEAD, LOT 16, BLOCK 3, PLAN 850 - RM OF YELLOWHEAD, LOT 26, BLOCK 9, PLAN 842 - RM OF YELLOWHEAD.

* Grasslands News Group Ltd.: Engaged in newspaper publishing and commercial printing, with income from advertising sales, subscriptions, and commercial printing. George Brown, Chris Ashfield and Ryan Nesbitt are business partners. Real property owned includes: 218 - 3RD AVENUE WEST, MELVILLE, SK and 708 SOUTH RAILWAY ST., WHITEWOOD, SK.

* Russell Inns Ltd.: Operates in the hospitality industry (hotel, gas bar, Tim Hortons, Subway). It is affiliated with Russell Inns Holdings 2010 Ltd., Ski Asessippi Ltd., Ski Asessippi Ltd. Partnership, Russell Inns Holdings Ltd., and Russell Inns Holdings 2008 Ltd. Daymon Guillas is a business partner. Real property owned includes: DES 1, 29688 - 402 MEMORIAL AVE. SOUTH - MUNICIPALITY OF RUSSELL-BINSCARTH, DES 24, 702 - 510 MEMORIAL AVE. SOUTH - MUNICIPALITY OF RUSSELL-BINSCARTH, DES 1/2, 1, 7695 - 108 GOVERNMENT ROAD WEST - MUNICIPALITY OF RUSSELL-BINSCARTH, LOT 14, 867 - MUNICIPALITY OF RUSSELL-BINSCARTH, DES 2, 20538; DES 1, 27036; DES 21/26, 867 - 393 HIGHWAY 16 EAST - MUNICIPALITY OF RUSSELL-BINSCARTH, DES 1, 26961 - 515 MEMORIAL AVE. SOUTH - MUNICIPALITY OF RUSSELL-BINSCARTH, LOT 15, 867 - MUNICIPALITY OF RUSSELL-BINSCARTH, DES 2, 26961 - MUNICIPALITY OF RUSSELL-BINSCARTH, LOT 16, 867 - MUNICIPALITY OF RUSSELL-BINSCARTH, DES 1, 20538 - 383 HIGHWAY 16 EAST - MUNICIPALITY OF RUSSELL-BINSCARTH, DES 4, 16, 120, 377 - 319 ASSINIBOINE STREET EAST - MUNICIPALITY OF RUSSELL-BINSCARTH. The corporation provides hotel and conference services to the Government of Manitoba.

* Russell Inns Holdings Ltd.: A holding company for Russell Inns Ltd. It is affiliated with Ski Asessippi Ltd., Russell Inns Holdings 2010 Ltd., Russell Inns Ltd., Ski Asessippi Ltd. Partnership, and Russell Inns Holdings 2008 Ltd. Daymon Guillas is a business partner.

* Ski Asessippi Ltd.: Operates in the hospitality industry (skiing, food court, cottage leases). It is affiliated with Russell Inns Ltd., Russell Inns Holdings 2008 Ltd., Ski Asessippi Ltd. Partnership, Russell Inns Holdings Ltd., and Russell Inns Holdings 2010 Ltd. Daymon Guillas is a business partner. Real property owned includes: SW 3-23-28W - RM OF RIDING MOUNTAIN WEST, SE 4-23-28W - RM OF RIDING MOUNTAIN WEST, NE 32-22-28W - RM OF RIDING MOUNTAIN WEST, NW 6-23-28W - RM OF RIDING MOUNTAIN WEST. The corporation has a 21-year lease for property in Asessippi Provincial Park with the Government of Manitoba.

* 3820068 Manitoba Ltd.: A holding company with income from proceeds from expropriation of land. It is affiliated with Russell Inns Holdings 2010 Ltd., Russell Inns Holdings 2008 Ltd., and Russell Inns Ltd. Daymon Guillas is a business partner.

* Lakestreet Holdings Ltd.: A holding company with income from a life annuity. It is affiliated with Lynndale Properties Ltd. and GDN Holdings Ltd.

* Russell Inns Holdings 2008 Ltd.: A holding company for Russell Inns Ltd. It is affiliated with Russell Inns Ltd., Russell Inns Holdings 2010 Ltd., Ski Asessippi Ltd., Russell Inns Holdings Ltd., and Ski Asessippi Ltd. Partnership. Daymon Guillas is a business partner.

* Ski Asessippi Ltd. Partnership: A limited partnership with profits and losses from Ski Asessippi Ltd. It is affiliated with Russell Inns Holdings 2008 Ltd., Ski Asessippi Ltd., Russell Inns Holdings Ltd., Russell Inns Ltd., and Russell Inns Holdings 2010 Ltd. Daymon Guillas is a business partner.

* Russell Inns Holdings 2010 Ltd.: A holding company for Russell Inns Ltd. It is affiliated with Russell Inns 2008 Ltd., Russell Inns Ltd., Ski Asessippi Ltd., Russell Inns Holdings Ltd., and Ski Asessippi Ltd. Partnership. Daymon Guillas is a business partner.

* Shell Creek Properties Ltd.: Involved in property investment, land rental, and sales. Daymon Guillas and Spencer Reavie are business partners.

Spouse and Dependants:

* It is indicated that Mr. Nesbitt does not have a spouse or any dependants.

Other Relevant Information:

* Mr. Nesbitt holds officer positions in Lakestreet Holdings Ltd., Grasslands News Group Ltd., Lynndale Properties Ltd., GDN Holdings Ltd., and Shell Creek Properties Ltd.

* The Commissioner has determined that the contract(s) or interest(s) is unlikely to affect the exercise of powers, duties and functions.