Homco Realty Fund (98) Limited Partnership has been under court-appointed receivership since January 16, 2014, when the Superior Court of Québec, on the application of TITAN EUROPE 2006-5 p.l.c. and CREDIT SUISSE INTERNATIONAL, appointed Samson Bélair/Deloitte & Touche Inc. as Receiver/Trustee under section 243 of the Bankruptcy and Insolvency Act in file 500-11-045750-136. The proceeding remains active. The Statement of Affairs, as at November 21, 2013, puts entity-level assets at $26,401,398.00 against liabilities of $28,818,318.00. Hartfield Philips holds the whole of that claim, secured on cash of $1,685,278.00, receivables, an income tax receivable and the building at Teucheler Weg 2, 06886 Lutherstadt (Wittenberg), valued at $24,453,698.00, leaving an unsecured deficiency of $2,416,920.00.
A claims procedure has been established — see the order for deadlines.
The officer filed report no. Final Report. The receivership has been fully wound down: the Receiver sold the Real Property to Porta, distributed nearly all proceeds to the Secured Creditor over time, paid all operating costs of H98, and made a final distribution of the remaining balance, concluding its mandate.
The court granted an approval and vesting order for the sale to Erste Fahrenkamp & Gartner Grundbesitz GmbH & Co. KG. Closing terms, as extracted: Vesting upon filing of Receiver's Certificate confirming SPA executed, Purchase Price paid, and Transfer of Possession effective. Sealed: Exhibits R-1, R-2, R-3 and R-4.
Motion for the Issuance of an Order Authorizing the Sale of a Real Property and for the Issuance of a Vesting Order — Application / notice of application
Receivership order made, placing Homco Realty Fund (98) Limited Partnership into court-appointed receivership and opening the Québec proceeding under file 500-11-045750-136.
Source: Order Appointing a Receiver
Motion for the Issuance of an Order Appointing a Receiver — Application / notice of application
Debtor
Homco Realty Fund (98) Limited Partnership
Receiver
Deloitte
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Hartfield Philips · in 2 casesCash on Hand - Cash ($1,685,278.00); Debts Due - Business - Account Receivable ($14,515.00); Debts Due - Business - Intercompany receivable ($98,256.00); Other - Income tax receivable ($149,651.00); Real Property or Immovable - Building - Wittenburg - Teucheler Weg 2, 06886 Lutherstadt ($24,453,698.00) — Balance of claim unsecured: $2,416,920.00 (deficiency); estimated value of security total $26,401,398.00 with $0.00 surplus — debtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $28.8M | Statement of Affairs |
| 8 | Unsecured | Hartfield Philips · in 2 casesSame creditor as secured claim; this is the unsecured balance/deficiency portion per List 'A' and List 'B' — debtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $2.42M | Statement of Affairs |
| 8 | Unsecured | Aqua-Clean-Conceptdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Braunfels / Dr. Rainer Oppermanndebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Meijers Assurantiën · in 4 casesdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | DTZ Zadelhoff · in 4 casesdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | DTZ Zandelhoffdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Edeka-Mihadebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Entwasserungsbetriebdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Essmann GmbHdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Schulzedebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Geyr, Hintz & Partnerdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | HAI, SECURI GmbHdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Rupprich Partner Notstromsysteme GmbHdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Rolfs WP Partner AGdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Stadtwerke Lutherstadt Wittenberg GmbHdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Verschuuren & Schreppers · in 3 casesdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | WB Gerustbau GmbHdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Rölfs Partnerdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Pabst Hoch & Tiefbaudebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Noerr LLP (Dusseldorf, Speditionstrasse)debtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Noerr LLP (Düsseldorf)debtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | MEINELdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | K.-D. Hinkeldebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Imtech Deutschland GmbHdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Imtech Brandschutz GmbHdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Homburg Real Estate Service BV · in 7 casesdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Hinwest REMS BVdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Hihn VDIdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Siemens AGdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Blasius KGdebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
| 8 | Unsecured | Schimdt Aluminium und Metallbaudebtor: Homco Realty Fund (98) Limited Partnership · as of 21 Nov 2013 | $0 | Statement of Affairs |
4 transactions · 3 closed · 1 approved — The sale of the Real Property to Porta closed on March 31, 2015, following Court approval of the Vesting Order on December 18, 2014.Final Report Submitted as Receiver · 13 Dec 2016
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Erste Fahrenkamp & Gartner Grundbesitz GmbH & Co. KGthe Carat Park shopping centre located at Tencheler Weg 16, 06886 in the city of Wittenberg, Germany (the "Property") · real property | SealedPurchase Price is defined in the sealed SPA; amount not stated in this order | Approved18 Dec 2014 | Order Authorizing the Sale of a Real Property… |
| Porta Möbel GmbH & Co.the Real Property · real property · agreement 17 Dec 2014 | $17.1M EURsale proceeds of the Real Property totaled approximately €17.1M | Closed31 Mar 2015 | Fifth Interim Report Submitted as Receiver |
| Porta Möbel GmbH & Co.the Real Property · real property · agreement 19 Dec 2014 | not statedSale proceeds referenced as approximately €17.1M in total, of which €15.3M distributed directly to Secured Creditors | Closed | Fifth Interim Report Submitted as Receiver |
| Portathe Real Property | not stated | Closed31 Mar 2015 | Final Report Submitted as Receiver |
Unsecured creditors: no distribution. HII 32 %.EstimatedMotion for the Issuance of an Order Appointing a Receiver · 15 Jan 2014
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | $2.05Minterim | Finalper the receiver | Fifth Interim Report Submitted as Receiver · 15 Jul 2016 |
| Secured | Titan Europe 2006-5 P.L.C. and Credit Suisse International | $20.3M | shortfall | Finalper the receiver | Final Report Submitted as Receiver · 16 Dec 2016 |
| Unsecured | — | — | no distribution | Estimatedper the debtor | Motion for the Issuance of an Order Appointing a Receiver · 15 Jan 2014 |
| Unsecured | HII | — | 32 %conditional | Estimatedper the trustee | Trustee’s Preliminary Report to Creditors · 8 Jan 2014 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
As at 21 Nov 2013 · per Statement of Affairs (as stated and estimated by the officer) · Homco Realty Fund (98) Limited Partnership, entity level — Preferred creditors nil; contingent/trust claims nil; total unsecured creditors $2,416,920.00; deficiency of $2,416,920.00
Cumulative receipts
$5.95M EUR
As at 16 Dec 2016Final Report Submitted as Receiver
Cumulative disbursements
$2.73M EUR
As at 16 Dec 2016Final Report Submitted as Receiver
Professional fees to date
$549K EUR
As at 16 Dec 2016Final Report Submitted as Receiver
| Date | Document | File |
|---|---|---|
Final Report Submitted as Receiver
| ||
Fifth Interim Report Submitted as Receiver
| ||
Fourth Interim Report Submitted as Receiver
| ||
Third Interim Report Submitted as Receiver
| ||
Second Interim Report Submitted as Receiver
| ||
Order Authorizing the Sale of a Real Property and Vesting Order Rendered on December 18, as Rectified
| ||
| Motion for the Issuance of an Order Authorizing the Sale of a Real Property and for the Issuance of a Vesting Order | ||
Interim Report Submitted as Receiver
| ||
| Notice and Statement of the Receiver | ||
Order Appointing a Receiver
| ||
Motion for the Issuance of an Order Appointing a Receiver
| ||
Trustee’s Preliminary Report to Creditors
| ||
| Notice to Creditors | ||
Certificate of Appointment
| ||
Statement of Affairs
| ||
| Proof of Claim Form, Proxy & Instruction Sheet | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Homco Realty Fund (98) Limited Partnership” (Receivership (court-appointed)), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/homco-realty-fund-98-limited-partnership
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/homco-realty-fund-98-limited-partnership
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.