245 Logan District Inc., District REIT Limited Partnership, District REIT GP Inc. and District Property Trust have been placed in court-appointed receivership in the Ontario Superior Court of Justice (Commercial List), file CL-26-00000193-0000, on the application of Peakhill Capital Inc. under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. BDO Canada Limited is receiver and manager. Peakhill holds a first-ranking CMHC-insured charge over 245 Logan Avenue, Toronto (PIN 21055-0322), registered October 31, 2023 as AT6451012 and transferred to Peakhill on February 20, 2026 by AT7012405, securing a loan with principal of $10,956,963.30 agreed to be advanced under a July 26, 2023 commitment as amended. The borrowers have been in default of monthly interest payments since November 2025; demand and a section 244 notice were delivered January 21, 2026, followed by a notice of sale on February 27, 2026. The proceeding is active.
Court granted an interim order on Thursday, October 29, 2026, commencing the Commercial List receivership proceeding brought by Peakhill Capital Inc. against the four debtors.
Source: Appointment Order of Justice Steele, dated October 30, 2026
Motion Record-Plaintiff-Peakhill Capital Inc.-VOL-1, dated September 30, 2026 — Application / notice of application
Motion Record-Plaintiff-Peakhill Capital Inc.-VOL-2, dated September 30, 2026 — Application / notice of application
Case update
District REIT: a day after EY, a receiver for 245 Logan Avenue
On October 29 Justice Jana Steele appointed BDO Canada Limited receiver of 245 Logan Avenue, a tenanted Toronto building whose beneficial owner is District REIT Limited Partnership, on Peakhill Capital's motion. Fifteen days earlier the court had given the borrowers "a final opportunity" to complete a refinancing and pay Peakhill out.
Debtor
245 Logan District Inc., District REIT Limited Partnership, District REIT GP Inc. and District Property Trust
Receiver
BDO
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 2 orders, Oct 2026 | 245 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Applicant | Robins Appleby LLP | 30 Oct 2026 | Order · 30 Oct 2026 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Peakhill Capital Inc. · in 4 casesFirst-ranking Charge/Mortgage of 245 Logan Avenue, Toronto (PIN 21055-0322), Instrument AT6451012 registered Oct 31, 2023 (originally TSX Trust Company; transferred to Computershare Trust Company of Canada as custodian/nominee by AT6599515; transferred to Peakhill by AT7012405 on Feb 20, 2026); Notice of Assignment of Rents-General AT6451013 (transferred by AT6599520 and AT7012406); Security Agreement dated Sept 28, 2023; PPSA financing statements; unconditional guarantee dated Sept 28, 2023 from District REIT GP Inc. and District Property Trust. Original Loan principal $10,956,963.30 (princip | — | Motion Record-Plaintiff-Peakhill Capital Inc.-VOL-1, dated September 30, 2026 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
| Date | Document | File |
|---|---|---|
Appointment Order of Justice Steele, dated October 30, 2026
| PDF · Subscribers | |
Endorsement of Justice Steele, dated October 14, 2026
| PDF · Subscribers | |
Motion Record-Plaintiff-Peakhill Capital Inc.-VOL-1, dated September 30, 2026
| PDF · Subscribers | |
| Motion Record-Plaintiff-Peakhill Capital Inc.-VOL-2, dated September 30, 2026 | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “245 Logan District Inc., District REIT Limited Partnership, District REIT GP Inc. and District Property Trust” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/245-logan-district-inc-district-reit-limited-partnership-district-reit-gp-inc-an
Sources last checked · summary updated 3 November 2026 · Report a correction · Printed from proceedings.ca/case/245-logan-district-inc-district-reit-limited-partnership-district-reit-gp-inc-an
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.