MINNEAPOLIS – Stonehaven Realty Trust has announced that it lost $1.8 million, or $0.36 a share, in its third quarter. The Minneapolis-based real estate investment trust had revenues of $2 million, up 7.5%, for the quarter.

“The results were not related to any weakness in its real estate operations, but more to a concentration on expanding its RESoft and our flagship product REDocs, Web-based document management software for the real estate industry,” says Duane Lund, CEO. The Company owns a portfolio of seven properties containing a total of about 326,000 sf; in February, Stonehaven bought RESoft.

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