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 officer filed report no. Fifth Interim Report. The Real Property was sold in March 2015; the Receiver continues to monitor cash and maintain a reserve for potential SPA liabilities, and does not expect to complete the receivership before October 2016 at the earliest.
The officer filed report no. Fourth Interim Report. The Real Property was sold to Porta and the sale closed on March 31, 2015, with most proceeds paid to the Secured Creditors. The Receiver is holding about €1.2M as a reserve for potential SPA liabilities and does not expect to complete the receivership before October 2016 at the earliest.
The officer filed report no. Third Interim Report. The Wittenberg real property sale to Porta closed March 31, 2015 and most proceeds went to the Secured Creditors. The Receiver is still collecting some receivables and holding about €1.6M against potential SPA liabilities, so it does not expect to complete the receivership before October 2016.
The officer filed report no. Second Interim Report. The Receiver continues operating the Wittenberg property through an asset manager. After limited tenant interest, a sale to Porta was court-approved on December 18, 2014 and the SPA signed December 19, 2014, with transfer effective March 31, 2015. Completion of the receivership is not expected before then.
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
The officer filed report no. First Report. The Receiver controls the Wittenberg, Germany property, its rental receivables and bank accounts, continues the asset manager's mandate and monitors receipts and disbursements. A sale is aimed for on or before the secured loan's 2016 maturity, but the receivership's completion cannot yet be predicted.
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
Certificate of Appointment was filed. Court file 500-11-045750-136.
Source: Certificate of Appointment
Debtor
Homco Realty Fund (98) Limited Partnership
Receiver
Deloitte & Touche
| # | 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 | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
31 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans2 transactions · 1 approved · 1 closed — 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 | Subscribers | Approved18 Dec 2014 | Order Authorizing the Sale of a Real Property… |
| Porta Möbel GmbH & Co.the Real Property · real property · agreement 17 Dec 2014 | Subscribers | Closed31 Mar 2015 | Final Report Submitted as Receiver |
Unsecured creditors: no distribution. HII a distribution.EstimatedMotion for the Issuance of an Order Appointing a Receiver · 15 Jan 2014
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | interim | Finalper the receiver | Fifth Interim Report Submitted as Receiver · 15 Jul 2016 |
| Secured | Titan Europe 2006-5 P.L.C. and Credit Suisse International | a 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 | — | 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.
4 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs at ·
Cumulative receipts
$5.95M EUR
As at 16 Dec 2016Final Report Submitted as Receiver
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and the 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Final Report Submitted as Receiver
| PDF · Subscribers | |
Fifth Interim Report Submitted as Receiver
| PDF · Subscribers | |
Fourth Interim Report Submitted as Receiver
| PDF · Subscribers | |
Third Interim Report Submitted as Receiver
| PDF · Subscribers | |
Second Interim Report Submitted as Receiver
| PDF · Subscribers | |
Order Authorizing the Sale of a Real Property and Vesting Order Rendered on December 18, as Rectified
| PDF · Subscribers | |
| Motion for the Issuance of an Order Authorizing the Sale of a Real Property and for the Issuance of a Vesting Order | PDF · Subscribers | |
Interim Report Submitted as Receiver
| PDF · Subscribers | |
Notice and Statement of the Receiver
| PDF · Subscribers | |
Order Appointing a Receiver
| PDF · Subscribers | |
Motion for the Issuance of an Order Appointing a Receiver
| PDF · Subscribers | |
Trustee’s Preliminary Report to Creditors
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Statement of Affairs
| PDF · Subscribers | |
| Proof of Claim Form, Proxy & Instruction Sheet | 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., “Homco Realty Fund (98) Limited Partnership” (Receivership (court-appointed)), Superior Court of Québec. Retrieved 4 November 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.