Proceedings.

Reid Investments Ltd. et al.

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Proceeding
Receivership (court-appointed)section 243 of the Bankruptcy and Insolvency Act, and sections 13(2) of the Judicature Act and 65(7) of the Personal Property Security Act
Court
Court of King's Bench of Alberta
File
1703-21274
Industry
Real estate · Residential development
Filings held173
Last activity1 Nov 2022
On the record2,885 days
Secured debtSubscribers
OverviewSummary updated

Reid Investments Ltd. and the related respondents have been in court-appointed receivership since November 2, 2017, when the Court of King's Bench of Alberta appointed Alvarez & Marsal Canada Inc. receiver and manager on the application of Royal Bank of Canada under section 243 of the Bankruptcy and Insolvency Act and sections 13(2) of the Judicature Act and 65(7) of the Personal Property Security Act, in court file 1703 21274. A preliminary list of creditors as at November 2, 2017, submitted by the debtor without admission as to liabilities, records secured claims of $35,217,103.40 and $26,979,528.70 to Royal Bank of Canada and $27,156,919.00 to Canada ICI Capital Corporation. The largest unsecured claims are intercompany, led by Reid Investments Ltd. at $12,461,607.43 and Builder's Direct Supply Ltd. at $11,695,749.00. The receivership is active.

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Case updates174 dated entries
#Report

The officer filed report no. Twentieth Report. The Receivership has substantially wound down after completing 68 asset transactions realizing $130.2 million; the Receiver is now addressing the CRA's pre-filing GST claims and has assigned four Reid Group entities into bankruptcy.

Source: Twentieth Report of the Receiver (November 1, 2022)

#Sale

The court granted an approval and vesting order for the sale to 2320033 Alberta Ltd. Closing terms, as extracted: Vesting is effective upon delivery of the Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.

Source: Sale Approval and Vesting Order re Head Office (October 1, 2021)

#Report

The officer filed report no. Nineteenth Report. The Receiver continues to realize remaining assets, chiefly seeking court approval for the sale of the former Head Office property, while securing and insuring remaining properties and pursuing residual interests (BTHO homes, Highland Ridge JV, life insurance litigation, Syml loan).

Source: Nineteenth Report of Receiver (September 20, 2021)

#Sale

The court granted an approval and vesting order for the sale to 2164685 Alberta Ltd. Closing terms, as extracted: Vesting occurs on delivery of the Receiver's Certificate; the Receiver may not deliver it until the Purchaser assumes or replaces Reid Worldwide's obligations under the Town of Stony Plain development agreement and replaces, amends or returns the letter of credit.

Source: Application for Sale Approval and Vesting Order re Fairways (March 3, 2020)

#Sale

The court granted an approval and vesting order for the sale to EAM Enterprises II Inc. Closing terms, as extracted: Vesting is effective upon the Receiver delivering to the Purchaser a certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transactions to the Receiver's satisfaction.

Source: Sale Approval and Vesting Order re EAM Transaction (June 28, 2019)

#Sale

The court granted an approval and vesting order for the sale to Shepherd West Ltd., Shepherd West Ltd. Closing terms, as extracted: Vesting of the Purchased Assets in the Purchaser takes effect upon delivery by the Receiver to the Purchaser of the Receiver's Certificate substantially in the form of Schedule 'A'.

Source: Sale Approval and Vesting Order re Shepherd West Ltd. (June 28, 2019)

#Report

The officer filed report no. Supplement to Sixteenth Report. The Receiver, in an ongoing receivership realization, has agreed to sell 14 homes and 40 Class A units in BTOALP to EAM and seeks court approval of the sale and vesting order (EAM SAVO), with RBC as first-ranking secured creditor to be repaid ahead of registered liens.

Source: Receiver’s Supplement to Sixteenth Report (June 25, 2019)

#Report

The officer filed report no. Sixteenth Report. The Receiver is conducting an ongoing sales process, with sales of homes, lots and commercial properties largely completed; it is seeking approval of three further sales and is still pursuing residual assets and interests (BTHO homes, Fairways North, head office, Highland Ridge JV, Morinville mortgage, life insurance claims, Syml loan).

Source: Sixteenth Report of the Receiver (June 21, 2019)

#Report

The officer filed report no. Fifteenth Report. Special purpose report supporting the Receiver's application for approval of the sale of RWW's 10% minority interest in the Villeneuve JV to the other joint venturers for $3.3 million, following a sales process that drew no alternative offers.

Source: Fifteenth Report of the Receiver (May 16, 2019)

#Sale

The court granted an approval and vesting order for the sale to Homexx Corporation. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Certificate substantially in the form of Schedule 'A', confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.

Source: Sale Approval and Vesting Order re Homexx Corporation (April 24, 2019)

#Sale

The court granted an approval and vesting order for the sale to Shepherd West Ltd. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Certificate to the Purchaser; 5% of sale proceeds held back for Receiver's charges pending allocation determination; net proceeds distributed to prior-registered security claimants in priority.

Source: Sale Approval and Vesting Order re Shepherd West Ltd. (April 24, 2019)

#Report

The officer filed report no. Fourteenth Report. The Receiver continues to market and sell the Reid Group's remaining real property assets, including 9 completed homes in Calgary and 25 vacant lots in the Edmonton region, and is seeking court approval of three further sale transactions and an Ownership Order on builders' liens against developer lots.

Source: Fourteenth Report of the Receiver (April 16, 2019)

#Order

The court appointed Alvarez & Marsal Canada Inc. as receiver and manager, on the application of ALVAREZ & MARSAL CANADA INC. in its capacity as Court-appointed Receiver of the current and future assets, undertakings and properties of REID-BUILT HOMES LTD., 1679775 ALBERTA LTD., REID WORLDWIDE CORPORATION, BUILDER'S DIRECT SUPPLY LTD., REID BUILT HOMES CALGARY LTD, REID INVESTMENTS LTD., and RE. Court file 1703-21274.

Source: Extending Receivership Order (December 13, 2018)

#Report

The officer filed report no. Thirteenth Report. Special purpose report supporting applications to extend the receivership to Anchorview (whose only known asset is 40 LP units in BTHO), to distribute seasonal holdbacks held in trust by Parker Dubrule, and to discharge invalid liens and release the related lien holdbacks to the Receiver.

Source: Thirteenth Report of the Receiver (December 4, 2018)

#Report

The officer filed report no. Twelfth Report. Special purpose report supporting the Receiver's application to approve the sale of the Pigeon Lake Property to Mr. Abel for $920,000; the report gives no operating update on the Reid Group.

Source: Twelfth Report of the Receiver (October 12, 2018)

#Report

The officer filed report no. Eleventh Report. Special purpose report supporting 183's application for a sale approval and vesting order for 60 Spruce Ridge homes and lots (26 work-in-progress homes and 34 vacant lots), with the Receiver continuing to review further offers for other residential inventory.

Source: Eleventh Report of the Receiver (September 11, 2018)

#Sale

The court granted an approval and vesting order for the sale to Balour Singh Dhaliwal and Charanjit Kaur Dhaliwal. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Certificate to the Purchaser, confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.

Source: Amended Sale Approval and Vesting Order re Dhaliwal - Developer Lots (July 5, 2018)

#Sale

The court granted an approval and vesting order for the sale to Divine Luxury Homes INC. Closing terms, as extracted: Vesting is effective upon delivery of the Receiver's Certificate to the Purchaser substantially in the form of Schedule A; the Receiver must file a copy of the certificate with the Court forthwith after delivery.

Source: Sale Approval and Vesting Order re Divine - Developer Lots (July 5, 2018)

#Report

The officer filed report no. Ninth Report. The receiver is selling the Reid Group's remaining residential work-in-progress and completed home inventory under a court-supervised sales process and seeks approval of three further sale transactions (Norstar, Armour, Divine). Prior approved sales total $91.9 million in gross value.

Source: Ninth Report of the Receiver (June 28, 2018)

#Sale

The court granted an approval and vesting order for the sale to Genesis Land Development Corp. Closing terms, as extracted: Vesting is effective upon delivery by the Receiver to the Purchaser of the Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.

Source: Amended Sale Approval and Vesting Order re Genesis - Developer Lots (June 19, 2018)

#Report

The officer filed report no. Eighth Report. Special-purpose report supporting applications to approve two residential sales, the Genstar sale of the Riverside lands and receivable, and the assignment of the Canterbury Mortgage as part of the receivership sales process.

Source: Eighth Report of the Receiver (June 13, 2018)

#Sale

The court granted an approval and vesting order for the sale to Avtar Singh Toor and Manpreet Kaur Toor. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Certificate to the Purchaser, confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.

Source: Amended Sale Approval and Vesting Order re Avtar Toor - Developer Lots (July 5, 2018)

#Sale

The court granted an approval and vesting order for the sale to the Debtors' and Westmere Communities Inc.'s respective right, title, and interest in and to the asset described in the Sale Agreement (the Purchased Assets), being the Lands legally described as Plan 1513280, Block 42, Lot 67. Closing terms, as extracted: Vesting is effective upon delivery of the Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.

Source: Sale Approval and Vesting Order re Avtar Toor - Developer Lot (May 16, 2018)

#Sale

The court granted an approval and vesting order for the sale to Elite Real Estate Investments Inc. Closing terms, as extracted: Vesting is effective upon the Receiver delivering the Receiver's Certificate to the Purchaser, confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.

Source: Sale Approval and Vesting Order re Elite Real Estate - Reid Lots (May 16, 2018)

#Sale

The court granted an approval and vesting order for the sale to Kulwinder Kaur More and Sital Singh More. Closing terms, as extracted: Title vests in the Purchaser upon the Receiver's delivery of a Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.

Source: Sale Approval and Vesting Order re More - Reid Lots (May 16, 2018)

#Sale

The court granted an approval and vesting order for the sale to Footprint Development Group Inc. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Certificate to the Purchaser, confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.

Source: Sale Approval and Vesting Order re Footprint Development - Reid Lots (May 16, 2018)

#Sale

The court granted an approval and vesting order for the sale to Shadia Hammoud. Closing terms, as extracted: Vesting is effective upon delivery by the Receiver of the Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.

Source: Sale Approval and Vesting Order re Hammoud - Reid Lots (May 16, 2018)

#Sale

The court granted an approval and vesting order for the sale to Iqbal Singh Toor. Closing terms, as extracted: Vesting is effective upon delivery of the Receiver's Certificate to the Purchaser, confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.

Source: Sale Approval and Vesting Order re Iqbal Toor - Developer Lots (May 16, 2018)

#Report

The officer filed report no. Sixth Report. The Receiver is realizing on the Reid Group's real property through a court-approved sales process. It seeks approval of nine residential sales, three commercial/development sales, a KV Capital credit bid for the Deerfoot Professional Building, and release of lien hold-backs on Reid-owned properties.

Source: Sixth Report of the Receiver (May 9, 2018)

#Sale

The court granted an approval and vesting order for the sale to Dolce Vita Homes Limited Partnership by its general partner Dolce Vita Homes GP Ltd. Closing terms, as extracted: Vesting is effective upon delivery of the Receiver's Certificate to the Purchaser substantially in the form in Schedule A.

Source: Sale Approval and Vesting Order re Dolce Vita (April 20, 2018)

#Report

The officer filed report no. Fifth Report. Special-purpose report supporting the Receiver's application for sale approval and vesting orders for the Armour ($5.7M, Skypointe), Genesis ($5.2M cash plus ~$3.7M debt forgiveness, Bayside) and Dolce Vita ($406K, Rosenthal lot deposits) transactions arising from the Sales Process, with proceeds going first to prior-ranking mortgagees and most builders' liens unpaid.

Source: Fifth Report of the Receiver (April 16, 2018)

#Sale

The court granted an approval and vesting order for the sale to Pacesetter Homes Ltd. Closing terms, as extracted: Vesting occurs upon the Receiver delivering to the Purchaser a Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.

Source: Sale Approval and Vesting Order re Pacesetter (April 11, 2018)

#Sale

The court granted an approval and vesting order for the sale to 2072604 Alberta Ltd. operating as Streetview Homes. Closing terms, as extracted: Vesting is effective upon delivery of the Receiver's Certificate to the Purchaser, confirming payment of the Purchase Price, satisfaction or waiver of Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.

Source: Sale Approval and Vesting Order re 2014695 oa Streetview (April 11, 2018)

#Sale

The court granted an approval and vesting order for the sale to 2072604 Alberta Ltd. Closing terms, as extracted: Vesting is effective upon delivery by the Receiver to the Purchaser of a certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.

Source: Sale Approval and Vesting Order re 2072604 Alberta Ltd. (April 11, 2018)

#Sale

The court granted an approval and vesting order for the sale to 2103908 Alberta Ltd. Closing terms, as extracted: Vesting is effective upon delivery of a Receiver's Certificate to the Purchaser confirming payment of the Purchase Price, satisfaction or waiver of closing conditions under Article 12 of the Sale Agreement, and completion of the Transaction to the Receiver's satisfaction.

Source: Sale Approval and Vesting Order re 2103908 Alberta Ltd. (April 11, 2018)

#Sale

The court granted an approval and vesting order for the sale to Jeff Grimsdale and Coralie Grimsdale. Closing terms, as extracted: Vesting is effective upon delivery by the Receiver to the Purchasers of a certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.

Source: Sale Approval and Vesting Order re Grimsdale (April 11, 2018)

#Sale

The court granted an approval and vesting order for the sale to Landrex Inc. Closing terms, as extracted: Vesting occurs upon delivery of the Receiver's Certificate to the Purchaser; the Receiver must file a copy of the Certificate with the Court forthwith after delivery.

Source: Sale Approval and Vesting Order re Landrex (April 11, 2018)

#Sale

The court granted an approval and vesting order for the sale to Prairie Pipe Sales Ltd. Closing terms, as extracted: Vesting is effective upon delivery by the Receiver of the Receiver's Certificate to the Purchaser substantially in the form of Schedule A, confirming payment of the Purchase Price, satisfaction or waiver of closing conditions, and completion of the Transaction to the Receiver's satisfaction.

Source: Sale Approval and Vesting Order re Prairie Pipe Sales (April 11, 2018)

#Sale

The court granted an approval and vesting order for the sale to 2072604 Alberta Ltd. Closing terms, as extracted: Vesting is effective upon delivery by the Receiver to the Purchaser of a certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.

Source: Sale Approval and Vesting Order re First Avenue (April 11, 2018)

#Sale

The court granted an approval and vesting order for the sale to Adnan Hammoud. Closing terms, as extracted: Vesting is effective upon the Receiver's delivery to the Purchaser of a Receiver's Certificate in the form of Schedule A, confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.

Source: Sale Approval and Vesting Order re Hammoud (April 11, 2018)

#Report

The officer filed report no. Fourth Report. The Receiver is running a sales process for the Reid Group's real property inventory (homes, work-in-progress and lots) and is seeking court approval of 13 accepted offers covering 51 homes/WIP and 26 lots for about $16.8 million gross, with further offers under review.

Source: Fourth Report of the Receiver (April 5, 2018)

#Report

The officer filed report no. Third Report. Special-purpose report on the Receiver's sales process and its application for approval of the sale of Reid Capital Corp.'s interest in the Blackmun Bay Development LP and the general partner shares to Landstar, Aegean and Class Act for $2,500,000 in total, subject to a vesting order by March 28, 2018.

Source: Third Report of the Receiver (March 23, 2018)

#Report

The officer filed report no. Second Report. The Receiver is preserving and winterizing the home inventory, running a sales process for homes, lots and development assets (offer deadline March 9, 2018), listing five commercial properties with brokers, and keeping five former employees on contract. It is also pursuing recovery of other assets and reviewing lien and secured creditor claims.

Source: Second Report of the Receiver (February 28, 2018)

#Report

The officer filed report no. First Report. The Receiver has secured and begun winterizing home inventory and commercial properties, retained 13 former employees on contract (down from 18), closed 5 ordinary course home sales, and plans to launch a sales solicitation and realization process in early-mid December 2017.

Source: First Report of the Receiver (November 24, 2017)

Parties

Debtor

Reid Investments Ltd. et al.

Receiver

Alvarez & Marsal

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice GraesserCourt of King's Bench of Alberta53 orders, Mar 2018 – Jun 201916 cases on record
Justice HillierCourt of King's Bench of Alberta5 orders, Nov 2017 – Apr 201814 cases on record

Counsel of record

PartyCounselFirst seenSource
ReceiverAlvarez & MarsalNorton Rose Fulbright Canada LLP24 Nov 2017Factum · 24 Nov 2017
Creditor789072 Alberta Ltd. Prairie Pipe Sales Ltd. R.K.G. Developments LtdKathleen S. Davis Professional Corporation26 Feb 2018Service list · 26 Feb 2018
CreditorAndresen, MichelleMcAllister LLP26 Feb 2018Service list · 26 Feb 2018
CreditorArnston, MikkelReynolds Mirth Richards & Farmer LLP26 Feb 2018Service list · 26 Feb 2018
CreditorBadami, AdityaNorton Rose Fulbright Canada LLP26 Feb 2018Service list · 26 Feb 2018
CreditorBourassa, KellyBlake, Cassels & Graydon LLP26 Feb 2018Service list · 26 Feb 2018
CreditorBowler, AaronNorton Rose Fulbright Canada LLP26 Feb 2018Service list · 26 Feb 2018
CreditorChan, NicholasBennett Jones LLP26 Feb 2018Service list · 26 Feb 2018
CreditorDuke, TomMiller Thomson LLP26 Feb 2018Service list · 26 Feb 2018
CreditorGeisterfer, AndrewMasuch Albert LLP26 Feb 2018Service list · 26 Feb 2018
CreditorGorman, Howard ANorton Rose Fulbright Canada LLP26 Feb 2018Service list · 26 Feb 2018
CreditorGray, WilliamMiles Davison LLP26 Feb 2018Service list · 26 Feb 2018
CreditorHagg, JohnStillman LLP26 Feb 2018Service list · 26 Feb 2018
CreditorHarnett, PatrickMiller Thomson LLP26 Feb 2018Service list · 26 Feb 2018
CreditorHenderson, GrahamMcLennan Ross LLP26 Feb 2018Service list · 26 Feb 2018
CreditorHitesman, DeanDentons Canada LLP26 Feb 2018Service list · 26 Feb 2018
CreditorIrwin, JasonMiles Davison LLP26 Feb 2018Service list · 26 Feb 2018
CreditorLauder Industries IncDoherty Schuldhaus LLP2 May 2018Factum · 2 May 2018
CreditorLirette, VictorReynolds Mirth Richards & Farmer LLP26 Feb 2018Service list · 26 Feb 2018
CreditorLowenstein, HowardFric, Lowenstein & Co. LLP26 Feb 2018Service list · 26 Feb 2018
CreditorMcCabe, MichaelReynolds Mirth Richards & Farmer LLP26 Feb 2018Service list · 26 Feb 2018
CreditorMcgee, JohnField Law26 Feb 2018Service list · 26 Feb 2018
CreditorMcLean, AshleyBennett Jones LLP26 Feb 2018Service list · 26 Feb 2018
CreditorPeterson, TaraWarren Benson Amantea LLP26 Feb 2018Service list · 26 Feb 2018
CreditorReid Worldwide Corporation, Alvarez & Marsal Canada IncNorton Rose Fulbright Canada LLP18 May 2018Factum · 18 May 2018
CreditorRowan, KentOgilvie LLP26 Feb 2018Service list · 26 Feb 2018
CreditorRussell, CharlesMcLennan Ross LLP26 Feb 2018Service list · 26 Feb 2018
CreditorRutman, RayDentons Canada LLP26 Feb 2018Service list · 26 Feb 2018
CreditorRyzuk, PaulMiller Thomson LLP26 Feb 2018Service list · 26 Feb 2018
CreditorSimard, ChrisBennett Jones LLP26 Feb 2018Service list · 26 Feb 2018
CreditorSnider, RileyWitten LLP26 Feb 2018Service list · 26 Feb 2018
CreditorTaylor-Smith, NicoleMiller Thomson LLP26 Feb 2018Service list · 26 Feb 2018
CreditorTeasdale, AlexisBennett Jones LLP26 Feb 2018Service list · 26 Feb 2018
CreditorWeatherill, StuartEmery Jamieson LLP26 Feb 2018Service list · 26 Feb 2018
CreditorWhitlock, RileyNorton Rose Fulbright Canada LLP26 Feb 2018Service list · 26 Feb 2018
CreditorWilliams, NicholasDentons Canada LLP26 Feb 2018Service list · 26 Feb 2018
CreditorWilliams, VanessaBlake, Cassels & Graydon LLP26 Feb 2018Service list · 26 Feb 2018
CreditorYoung, CatherineMasuch Albert LLP26 Feb 2018Service list · 26 Feb 2018
CreditorYounggren, BethDunphy Best Blocksom LLP26 Feb 2018Service list · 26 Feb 2018
CreditorZahara, RyanBlake, Cassels & Graydon LLP26 Feb 2018Service list · 26 Feb 2018
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
4SecuredRoyal Bank Of Canada · in 584 casesdebtor: Reid-Built Homes Ltd. · as of 2 Nov 2017$35.2MCreditor List
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured
4Secured

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Sale processAs stated in the filings

53 transactions · 41 approved · 11 proposed · 1 closed — Court approved the sale of the head office property to 2320033 Alberta Ltd. under a sale approval and vesting order; closing is subject to delivery of the Receiver's Certificate.Sale Approval and Vesting Order re Head Office (October 1, 2021) · 1 Oct 2021

Bids received

7

Nineteenth Report of Receiver (September 20, 2021)

PurchaserPriceStatusSource
unnamed individual home purchasers under ordinary course home sales transactions5 home sales transactions · real propertySubscribersCloseddate not statedFirst Report of the Receiver (November 24, 2017)
Landstar Holdings Inc., Aegean Real Estate Corporation, and Class Act Investments Incthe Debtors' and Westmere Communities Inc.'s respective right, title, and interest in and to the asset described in the Sale Agreement (the Purchased Assets), being the Lands legally described as Plan 1513280, Block 42, Lot 67 · real property · agreement 13 Apr 2018SubscribersApproved28 Mar 2018Sale Approval and Vesting Order re Landstar…
2072604 Alberta Ltd.the Debtors' and Rapperswill Developments Ltd.'s respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands (four Alberta lots) · asset sale · nominee/assignee: its assignee (unnamed) · agreement 29 Mar 2018SubscribersApproved11 Apr 2018Sale Approval and Vesting Order re First Avenue…
2103908 Alberta Ltd.1679775 Alberta Ltd.'s right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands at Kinniburgh Road, Chestermere, Alberta · asset sale · agreement 29 Mar 2018SubscribersApproved11 Apr 2018Sale Approval and Vesting Order re 2103908…
Adnan Hammoud1679775 Alberta Ltd.'s right, title, and interest in the assets described in the Sale Agreement, including the lands at 325 Kinniburgh Cove, Chestermere, Alberta (Plan 1610322, Block 10, Lot 80) · asset sale · agreement 26 Mar 2018not statedApproved11 Apr 2018Sale Approval and Vesting Order re Hammoud…
Alex StepanovVandenberg, Alyssa Stepanov, and Eugene Gillisthe Debtors' and Jesperdale Communities Inc.'s respective right, title, and interest in the Purchased Assets, including the Lands at 40 Autumnwood Crescent, Spruce Grove, Alberta · real property · agreement 29 Mar 2018SubscribersApproved11 Apr 2018Sale Approval and Vesting Order re Stepanov &…
Homexx CorporationReid-Built Homes Ltd.'s and Reid Worldwide Corporation's respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands · real property · agreement 26 Mar 2018SubscribersProposed11 Apr 2018Sale Approval and Vesting Order re Homexx…
Jeff Grimsdale and Coralie Grimsdale1679775 Alberta Ltd.'s right, title, and interest in and to the Purchased Assets (the Grimsdale Transaction, property on Schedule B Lands) · real property · agreement 26 Mar 2018SubscribersApproved11 Apr 2018Sale Approval and Vesting Order re Grimsdale…
Landrex Inc.the Debtors' and Villeneuve Communities Inc.'s respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands legally described as Plan 1524128, Block 2, Lot 51 · asset sale · agreement 26 Mar 2018not statedApproved11 Apr 2018Sale Approval and Vesting Order re Landrex…
Nevada Trucking Limited1679775 Alberta Ltd.'s right, title and interest in the Purchased Assets described in the Sale Agreement, including the lands at 225 Kinniburgh Cove, Chestermere, Alberta (Plan 1610322, Block 10, Lot 69) · real property · agreement 26 Mar 2018not statedApproved11 Apr 2018Sale Approval and Vesting Order re Nevada…
Pacesetter Homes Ltd.the Debtors' and Walton Big Lake Development Corporation's, Rapperswill Developments Ltd.'s, Lewis Estates Communities Inc.'s, Winterburn Developments Inc.'s, Rosenthal Communities Inc.'s, and Villeneuve Communities Inc.'s respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands · asset sale · agreement 26 Mar 2018not statedApproved11 Apr 2018Sale Approval and Vesting Order re Pacesetter…
Prairie Pipe Sales Ltd.1679775 Alberta Ltd.'s right, title, and interest in the assets described in the Sale Agreement, including the lands at 602 Marina Drive and 598 Marina Drive · asset sale · agreement 26 Mar 2018not statedApproved11 Apr 2018Sale Approval and Vesting Order re Prairie Pipe…
Armour Developments Ltd.1679775 Alberta Ltd.'s right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands · asset sale · agreement 10 Apr 2018SubscribersProposed20 Apr 2018Sale Approval and Vesting Order re Armour…
Dolce Vita Homes Limited Partnership by its general partner Dolce Vita Homes GP Ltd.the assets described in the Sale and Assignment Agreement (the Purchased Assets) · asset sale · agreement 13 Apr 2018SubscribersApproved20 Apr 2018Sale Approval and Vesting Order re Dolce Vita…
Genesis Land Development Corp.the Debtors' respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), the developer lots · asset sale · agreement 13 Apr 2018SubscribersApproved20 Apr 2018Sale Approval and Vesting Order re Genesis -…
Green Cedar Homes Inc.Westmere · real propertySubscribersProposedSixth Report of the Receiver (May 9, 2018)
Amazon Hauling Ltd.the asset described in the Sale Agreement (the Purchased Assets) — the Debtors' respective right, title and interest in the Lands (Reid lots), as listed in the Order · real property · agreement 8 May 2018SubscribersApproved16 May 2018Sale Approval and Vesting Order re Amazon…
Avtar Singh Toor and Manpreet Kaur Toorthe asset described in the Sale Agreement (the Purchased Assets), being the Developer Lot legally described as Plan 1513280, Block 42, Lot 67 · real property · agreement 8 May 2018not statedApproved16 May 2018Amended Sale Approval and Vesting Order re…
Elite Real Estate Investments Inc.Reid Worldwide Corporation's right, title and interest in and to the Purchased Assets, being the Lands: Plan 9322378, Block 83, Lot 126 · real property · agreement 30 Apr 2018not statedApproved16 May 2018Sale Approval and Vesting Order re Elite Real…
First Avenue Properties Ltd.the Debtors' and Lewis Estates Communities Inc.'s and Rosenthal Communities Inc.'s respective right, title, and interest in and to the asset described in the Sale Agreement (the Purchased Assets), including the Lands (eight lots in Edmonton) · real property · agreement 8 May 2018SubscribersApproved16 May 2018Sale Approval and Vesting Order re First Avenue…
Footprint Development Group Inc.the Debtors' respective right, title, and interest in and to the asset described in the Sale Agreement (the Purchased Asset), being the Lands under Certificate of Title No. 172 218 391 · real property · nominee/assignee: Granville Townhomes Inc. · agreement 9 May 2018SubscribersApproved16 May 2018Sale Approval and Vesting Order re Footprint…
Iqbal Singh Toorthe Debtors' and Westmere Communities Inc.'s respective right, title, and interest in the Purchased Assets, being the Lands legally described as Plan 151-3280 Block 42 Lot 68 · real property · agreement 8 May 2018not statedApproved16 May 2018Sale Approval and Vesting Order re Iqbal Toor -…
KV Capital Inc.Credit bidthe asset described in the Sale Agreement (the Purchased Assets), including the Lands legally described as Plan 791131, Block 7 · real property · agreement 9 May 2018SubscribersApproved16 May 2018Sale Approval and Vesting Order re KV Capital -…
Kulwinder Kaur More and Sital Singh Morethe Debtors' respective right, title, and interest in the Purchased Assets, including the Lands legally described as Plan 1413361 Block 42 Lot 33 · real property · agreement 8 May 2018not statedApproved16 May 2018Sale Approval and Vesting Order re More - Reid…
La Vita Land Inc.the Debtors' respective right, title, and interest in the Lands, being Plan 1412549 Block 8 Lot 17 (Certificate of Title No. 151 209 307) · real property · agreement 8 May 2018SubscribersApproved16 May 2018Amended Sale Approval and Vesting Order re La…
Shadia Hammoudthe asset described in the Sale Agreement (the Purchased Asset), being the Lands at 315 Kinniburgh Road, Chestermere, Alberta (Plan 1610322, Lot 4, Block 9) · real property · agreement 8 May 2018not statedApproved16 May 2018Sale Approval and Vesting Order re Hammoud -…
Voiture Capital 2011 Inc.the Debtors' respective right, title, and interest in the Purchased Assets described in the Sale Agreement, including the Lands (Plan 9722753 Block 21 Lot 3 and Lot 2) · real property · agreement 4 May 2018not statedApproved16 May 2018Sale Approval and Vesting Order re Voiture -…
Canterbury Park Developments Inc.the loan (the "Canterbury Mortgage") due from Canterbury Park Developments Inc. to 167 secured by a second mortgage against a one-third undivided interest in an approximately 160-acre parcel of un-developed land in southeast Calgary, Alberta · asset sale · nominee/assignee: a nominee of CanterburySubscribersProposedEighth Report of the Receiver (June 13, 2018)
2014695 Alberta Ltd.the Debtors' and Westmere Communities Inc.'s respective right, title, and interest in the assets described in the Sale Agreement, including four developer/Reid lots in Chestermere (Certificate of Title Nos. 151 316 582 +30, 161 223 382, 171 063 348, 171 014 557) · real property · agreement 7 Jun 2018SubscribersApproved19 Jun 2018Sale Approval and Vesting Order re 2014695…
Douglas Homes Ltd.the Debtors' respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including three lots in Chestermere (Plan 1313337 Block 38 Lot 20; Plan 1513280 Block 42 Lots 72 and 56) · real property · agreement 7 Jun 2018SubscribersApproved19 Jun 2018Sale Approval and Vesting Orders re Douglas…
Genstar Development Limited Partnership #3the Debtors' respective right, title, and interest in and to the asset described in the Sale Agreement (the Purchased Assets), including the Lands (two titled parcels in the St. Albert Settlement) · real property · agreement 24 May 2018not statedApproved19 Jun 2018Sale Approval and Vesting order re Genstar…
Norstar Builders Ltd.one residential building lot and 43 completed and partially constructed homes · asset saleSubscribersProposedNinth Report of the Receiver (June 28, 2018)
Armour Developments Ltd.the Debtors' respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands: Plan 1611520 Block 42 Lots 39, 40, 41, 43, 46, 47 and 48 (the Reid Lots) · real property · agreement 25 Jun 2018SubscribersApproved5 Jul 2018Sale Approval and Vesting Order re Armour -…
Balour Singh Dhaliwal and Charanjit Kaur Dhaliwalthe Debtors' and Westmere Communities Inc.'s respective right, title, and interest in the asset described in the Sale Agreement (Plan 1513280, Block 42, Lot 66) · real property · agreement 8 May 2018not statedApproved5 Jul 2018Amended Sale Approval and Vesting Order re…
Divine Luxury Homes INCthe Debtors' and Westmere Communities Inc.'s respective right, title, and interest in the Purchased Assets, including the Lands municipally described as 313 Aspenmere Way (Plan 1513280 Block 44 Lot 19) · real property · agreement 25 Jun 2018SubscribersApproved5 Jul 2018Sale Approval and Vesting Order re Divine -…
1831575 Alberta Ltd.60 homes and lots in the Reid Group's Spruce Ridge subdivision, including 26 work-in-progress homes with an average of 63% completion and 34 vacant lots (the "Purchased Assets") · asset sale · nominee/assignee: 183's nomineeSubscribersProposedEleventh Report of the Receiver (September 11,…
Genstar Development Limited Partnership #3, by its general partner, Genstar Development Company #3 Limitedthe Debtors' respective right, title, and interest in and to the assets described in the Offer, as amended by the Amending Agreement (the Purchased Assets), including the Lands · real property · agreement 8 Mar 2018not statedApproved3 Oct 2018Amended Sale Approval and Vesting Order re…
Richard Abelall of the Receiver's and Mrs. Reid's interest in the Pigeon Lake Property · real property · agreement 9 Oct 2018SubscribersProposedTwelfth Report of the Receiver (October 12,…
Richard Abelthe Vendor's right, title, and interest in the Purchased Asset, being the Lands legally described as Plan 0020956, Lot A, Excepting Thereout All Mines and Minerals (2.2 hectares / 5.5 acres more or less) · real property · agreement 15 Oct 2018not statedApproved15 Oct 2018Sale Approval and Vesting Order re Richard Abel…
2048765 Alberta Ltd.Reid and Developer owned lots (Purchased Assets listed on Schedules A and B, including lands in Plan 1525742) · real property · agreement 12 Apr 2019SubscribersApproved24 Apr 2019Sale Approval and Vesting Order re 2048765…
Homexx Corporationthe Debtors' and Walton's respective right, title, and interest in the assets described in the Sale Agreement (the Purchased Assets), including the Developer Lot legally described as Plan 1525742, Block 10, Lot 46 · asset sale · agreement 4 Feb 2019SubscribersApproved24 Apr 2019Sale Approval and Vesting Order re Homexx…
Shepherd West Ltd.the Debtors' respective right, title, and interest in the Purchased Assets, being the Lands (six Reid lots, Plan 1620841, Blocks 24 and 27) · real property · agreement 25 Mar 2019SubscribersProposed24 Apr 2019Sale Approval and Vesting Order re Shepherd…
the other three joint venturers holding the remaining 90% interest in the Villeneuve JVRWW's right, title and interest in the Villeneuve Property (Participating Interest and Shares in Villeneuve Communities Inc.) · share sale · agreement 16 May 2019SubscribersProposedFifteenth Report of the Receiver (May 16, 2019)
Melcor Developments Ltd., Sarasota Homes Ltd., and Verano Properties Ltd.Reid Worldwide Corporation's right, title, and interest in and to the assets described in the PSA (the Purchased Assets), under a joint venture interest and share purchase agreement · assets and shares · agreement 16 May 2019not statedApproved21 May 2019Sale Approval and Vesting Order re Villeneuve…
Solar Cittee Developments Ltd.the Energy Crossing industrial condominium located in Leduc, Alberta · real property · nominee/assignee: Energy Crossing Leduc Inc.SubscribersProposedSixteenth Report of the Receiver (June 21, 2019)
EAM Enterprises II Inc.Debtors' and certain other entities' right, title and interest in the Purchased Assets, being the Reid Lots listed in Schedule B (14 lots) · real property · agreement 21 Jun 2019not statedApproved28 Jun 2019Sale Approval and Vesting Order re EAM…
Energy Crossing Leduc Inc.the Debtors' respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the condominium units (Condominium Plan 1621292, Units 1-32 and Unit A) legally described in the Order (the Lands) · asset sale · nominee/assignee: Solar Cittee Developments Ltd. · agreement 7 Jun 2019SubscribersApproved28 Jun 2019Sale Approval and Vesting Order re Solar Cittee…
Lakeview Developments Inc.the Debtors' respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands (Reid Lots) in Spruce Grove, Alberta · real property · agreement 4 Jun 2019SubscribersApproved28 Jun 2019Sale Approval and Vesting Order re Lakeview…
Shepherd West Ltd.eight (8) lots (First Agreement), Plan 1411906 Block 7 Lots 2, 6, 7, 8, 10, 11, 16 and 29, Strathmore · real property · agreement 17 Jun 2019not statedApproved28 Jun 2019Sale Approval and Vesting Order re Shepherd…
Shepherd West Ltd.one (1) lot (Second Agreement), Plan 1412549 Block 8 Lot 84, Cochrane · real property · agreement 17 Jun 2019not statedApproved28 Jun 2019Sale Approval and Vesting Order re Shepherd…
2164685 Alberta Ltd.the Debtors' respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands (Certificates of Title Nos. 052 515 026 and 172 130 470) · asset sale · nominee/assignee: its nominee · agreement 22 Oct 2019SubscribersApproved10 Mar 2020Application for Sale Approval and Vesting Order…
Serv-All Mechanical Services Ltd.all of the Receiver's interest in and to the Head Office · real property · nominee/assignee: 2320033 Alberta Ltd. ('232') · agreement 23 Jul 2021SubscribersProposedNineteenth Report of Receiver (September 20,…
2320033 Alberta Ltd.Debtors' right, title and interest in the Purchased Assets, including the head office lands legally described as Plan 7820005 Block 2 Lot 5 · real property · nominee/assignee: Serv-AII Mechanical Services Ltd. (original contracting party under the Sale Agreement, assigned to the Purchaser) · agreement 23 Jul 2021not statedApproved1 Oct 2021Sale Approval and Vesting Order re Head Office…
AdvisorsCBRE Limited (listing broker); Colliers (listing broker); JLL Real Estate Services, Inc. (listing broker); Re/Max Real Estate (Edmonton) Ltd. (listing broker); Jones Lang LaSalle Real Estate Services Inc. (listing broker); Cushman & Wakefield Edmonton (listing broker)Sixteenth Report of the Receiver (June 21, 2019)
Closing termsVesting is effective upon delivery of the Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.Sale Approval and Vesting Order re Head Office (October 1, 2021)
RecoveriesAs stated in the filings

Unsecured creditors: shortfall.EstimatedSixth Report of the Receiver (May 9, 2018) · 9 May 2018

ClassCreditorClaimsRecoveryBasisSource
Securedbuilders' lien claimants against Reid Built entity properties—no recoveryper the receiverSixth Report of the Receiver (May 9, 2018) · 9 May 2018
Unsecuredprior-registered security claimants—shortfallEstimatedper the receiverSixth Report of the Receiver (May 9, 2018) · 9 May 2018

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.

Estate financialsReported figures — never derived
Total liabilities at filing

As at ·

Cumulative receipts

$130M

As at 1 Nov 2022Twentieth Report of the Receiver (November 1, 2022)

Cumulative disbursements

As at

Cash on hand

As at

Professional fees

As at

3 more reported figures, and the total the debtor stated at filing

Each one as the filing states it, with its source.

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Documents
173 filings
DateDocumentFile
Twentieth Report of the Receiver (November 1, 2022)
  • Cash on hand · Disbursements · Financial position · Operational summary Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Affidavit of D. Awid (CRA) Sworn October 25, 2022PDF · Subscribers
Application by Department of Justice Canada re GST Claims (October 25, 2022)PDF · Subscribers
Brief of Attorney General of Canada (October 25, 2022)PDF · Subscribers
Sale Approval and Vesting Order re Head Office (October 1, 2021)
  • Closing terms Vesting is effective upon delivery of the Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 1 October 2021
  • Purchaser 2320033 Alberta Ltd. · nominee/assignee Serv-AII Mechanical Services Ltd. (original contracting party under the Sale Agreement, assigned to the Purchaser) · Debtors' right, title and interest in the Purchased Assets, including the head office lands legally described as Plan 7820005 Block 2 Lot 5 · real property · approved
  • Sale outcome Sale approved — Court approved the sale of the head office property to 2320033 Alberta Ltd. under a sale approval and vesting order; closing is subject to delivery of the Receiver's Certificate.
  • + 1 more extracted fact
PDF · Subscribers
Application for Sale Approval and Vesting Order re Head OfficePDF · Subscribers
Nineteenth Report of Receiver (September 20, 2021)
  • Operational summary The Receiver continues to realize remaining assets, chiefly seeking court approval for the sale of the former Head Office property, while securing and insuring remaining properties and pursuing residual interests (BTHO homes, Highland Ridge JV, life insurance litigation, Syml loan).
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 9 more extracted facts
PDF · Subscribers
Sale and Approval and Vesting Order re Fairways (March 11, 2020)
  • Closing terms Vesting occurs upon delivery of the Receiver's Certificate, which the Receiver shall not deliver or file until the Purchaser assumes or replaces Reid Worldwide Corporation's obligations under the Town of Stony Plain development agreement and replaces the letter of credit.
  • Purchaser 2164685 Alberta Ltd. · nominee/assignee its nominee · the Debtors' respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands (Certificates of Title Nos. 052 515 026 and 172 130 470) · asset sale · approved
  • Stalking horse Subscribers
PDF · Subscribers
Application for Sale Approval and Vesting Order re Fairways (March 3, 2020)
  • Closing terms Vesting occurs on delivery of the Receiver's Certificate; the Receiver may not deliver it until the Purchaser assumes or replaces Reid Worldwide's obligations under the Town of Stony Plain development agreement and replaces, amends or returns the letter of credit.
  • Order date 10 March 2020
  • Purchaser 2164685 Alberta Ltd. · nominee/assignee or its nominee · the Debtors' respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), being the Fairways lands (Certificates of Title Nos. 052 515 026 and 172 130 470) · real property · approved
  • Sale outcome Sale approved — The Court approved the Transaction and the Sale Agreement for the sale of Fairways; vesting is to occur upon delivery of the Receiver's Certificate.
  • + 1 more extracted fact
PDF · Subscribers
Eighteenth Report of Receiver (March 3, 2020)
  • Operational summary Special-purpose report supporting the Receiver's application for a sale approval and vesting order for the Fairways North development lands in Stony Plain, Alberta; the Receiver's sales process for the Reid Group's assets is ongoing.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Application for Release of Lien Holdback (October 2, 2019)PDF · Subscribers
Seventeenth Report of the Receiver (October 2, 2019)
  • Cash on hand · Disbursements · Financial position · Professional fees Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re EAM Transaction (June 28, 2019)
  • Closing terms Vesting is effective upon the Receiver delivering to the Purchaser a certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transactions to the Receiver's satisfaction.
  • Order date 28 June 2019
  • Presiding officer Justice R. A. Graesser
  • Purchaser EAM Enterprises II Inc. · Debtors' and certain other entities' right, title and interest in the Purchased Assets, being the Reid Lots listed in Schedule B (14 lots) · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Lakeview Developments Inc. (June 28, 2019)
  • Closing terms Vesting is effective upon delivery of the Receiver's Certificate to the Purchaser; the Receiver files a copy of the Certificate with the Court forthwith after delivery.
  • Order date 28 June 2019
  • Presiding officer Justice R. A. Graesser
  • Purchaser Lakeview Developments Inc. · the Debtors' respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands (Reid Lots) in Spruce Grove, Alberta · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Shepherd West Ltd. (June 28, 2019)
  • Closing terms Vesting of the Purchased Assets in the Purchaser takes effect upon delivery by the Receiver to the Purchaser of the Receiver's Certificate substantially in the form of Schedule 'A'.
  • Order date 28 June 2019
  • Presiding officer Justice R. A. Graesser
  • Purchaser Shepherd West Ltd. · eight (8) lots (First Agreement), Plan 1411906 Block 7 Lots 2, 6, 7, 8, 10, 11, 16 and 29, Strathmore · real property · approved; Shepherd West Ltd. · one (1) lot (Second Agreement), Plan 1412549 Block 8 Lot 84, Cochrane · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Solar Cittee Developments Ltd. (June 28, 2019)
  • Closing terms Vesting is effective upon delivery of the Receiver's Certificate to the Purchaser and upon the Purchaser confirming satisfaction or waiver of the due diligence conditions on or before the Condition Date set out in the Sale Agreement.
  • Order date 28 June 2019
  • Presiding officer Justice R. A. Graesser
  • Purchaser Energy Crossing Leduc Inc. · nominee/assignee Solar Cittee Developments Ltd. · the Debtors' respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the condominium units (Condominium Plan 1621292, Units 1-32 and Unit A) legally described in the Order (the Lands) · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Application for Sale Approval and Vesting Order re EAM Transaction (June 25, 2019)PDF · Subscribers
Receiver’s Supplement to Sixteenth Report (June 25, 2019)
  • Operational summary The Receiver, in an ongoing receivership realization, has agreed to sell 14 homes and 40 Class A units in BTOALP to EAM and seeks court approval of the sale and vesting order (EAM SAVO), with RBC as first-ranking secured creditor to be repaid ahead of registered liens.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 6 more extracted facts
PDF · Subscribers
Application for Sale Approval and Vesting Order re Shepherd West, Lakeview, Solar Citee (June 21, 2019)PDF · Subscribers
Sixteenth Report of the Receiver (June 21, 2019)
  • Operational summary The Receiver is conducting an ongoing sales process, with sales of homes, lots and commercial properties largely completed; it is seeking approval of three further sales and is still pursuing residual assets and interests (BTHO homes, Fairways North, head office, Highland Ridge JV, Morinville mortgage, life insurance claims, Syml loan).
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Villeneuve JV (May 21, 2019)
  • Closing terms Vesting is effective upon delivery of a Receiver's Certificate to the Purchasers substantially in the form of Schedule A.
  • Presiding officer Justice R. A. Graesser
  • Purchaser Melcor Developments Ltd., Sarasota Homes Ltd., and Verano Properties Ltd. · Reid Worldwide Corporation's right, title, and interest in and to the assets described in the PSA (the Purchased Assets), under a joint venture interest and share purchase agreement · assets and shares · approved
  • Sale outcome Sale approved — The Transaction (Melcor/Sarasota/Verano JV Transaction) is approved; vesting occurs on delivery of the Receiver's Certificate.
  • + 1 more extracted fact
PDF · Subscribers
Application for Sale Approval and Vesting Order re Villeneuve JV (May 16, 2019)PDF · Subscribers
Fifteenth Report of the Receiver (May 16, 2019)
  • Cash on hand · Disbursements · Financial position · Operational summary Subscribers
  • + 7 more extracted facts
PDF · Subscribers
Order re Builders Liens (April 24, 2019)PDF · Subscribers
Order re Builders Liens 2 (April 24, 2019)PDF · Subscribers
Order re Builders Liens Registered against Developer Lands (April 24, 2019)
  • Presiding officer Justice Graesser
PDF · Subscribers
Sale Approval and Vesting Order re Homexx Corporation (April 24, 2019)
  • Closing terms Vesting occurs upon delivery of the Receiver's Certificate substantially in the form of Schedule 'A', confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 24 April 2019
  • Presiding officer Justice R. A. Graesser
  • Purchaser Homexx Corporation · the Debtors' and Walton's respective right, title, and interest in the assets described in the Sale Agreement (the Purchased Assets), including the Developer Lot legally described as Plan 1525742, Block 10, Lot 46 · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Shepherd West Ltd. (April 24, 2019)
  • Closing terms Vesting occurs upon delivery of the Receiver's Certificate to the Purchaser; 5% of sale proceeds held back for Receiver's charges pending allocation determination; net proceeds distributed to prior-registered security claimants in priority.
  • Order date 24 April 2019
  • Presiding officer Justice R. A. Graesser
  • Purchaser Shepherd West Ltd. · the Debtors' respective right, title, and interest in the Purchased Assets, being the Lands (six Reid lots, Plan 1620841, Blocks 24 and 27) · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Application for Three Sale Approval and Vesting Orders (April 16, 2019)PDF · Subscribers
Fourteenth Report of the Receiver (April 16, 2019)
  • Operational summary The Receiver continues to market and sell the Reid Group's remaining real property assets, including 9 completed homes in Calgary and 25 vacant lots in the Edmonton region, and is seeking court approval of three further sale transactions and an Ownership Order on builders' liens against developer lots.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re 2048765 Alberta Ltd. (April 14, 2019)
  • Order date 24 April 2019
  • Presiding officer Justice R. A. Graesser
  • Purchaser 2048765 Alberta Ltd. · Reid and Developer owned lots (Purchased Assets listed on Schedules A and B, including lands in Plan 1525742) · real property · approved
  • Sale outcome Sale approved — Court approved the sale and vesting of Reid and Developer owned lots to 2048765 Alberta Ltd.; vesting effective on delivery of the Receiver's Certificate
  • + 1 more extracted fact
PDF · Subscribers
Application for Advice and Directions re Form of Order (April 8, 2019)PDF · Subscribers
Judgment re Receiver's Charge (March 25, 2019)PDF · Subscribers
Memorandum of Judgment re Receiver's Charge (March 25, 2019)
  • Presiding officer Justice Ritu Khullar
PDF · Subscribers
Reasons for Decision re Liens (February 27, 2019)PDF · Subscribers
Lien Holdbacks (December 13, 2018)
  • Presiding officer Justice Graesser
PDF · Subscribers
Order Extending Receivership Order re Anchorview (December 13, 2018)
  • Applicant ALVAREZ & MARSAL CANADA INC.
  • Appointee Alvarez & Marsal Canada Inc.
  • Appointee role receiver and manager
  • Commencement date 12 December 2018
  • + 3 more extracted facts
PDF · Subscribers
Seasonal Holdbacks (December 13, 2018)
  • Presiding officer Justice Graesser
PDF · Subscribers
Application re Extending Receivership (December 4, 2018)PDF · Subscribers
Application re Release of Seasonal Holdbacks (December 4, 2018)PDF · Subscribers
Thirteenth Report of the Receiver (December 4, 2018)
  • Operational summary Special purpose report supporting applications to extend the receivership to Anchorview (whose only known asset is 40 LP units in BTHO), to distribute seasonal holdbacks held in trust by Parker Dubrule, and to discharge invalid liens and release the related lien holdbacks to the Receiver.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Richard Abel (November 13, 2018)
  • Closing terms Vesting occurs upon delivery of the Receiver's Certificate to the Purchaser; the Receiver files a copy of the certificate with the Court forthwith after delivery.
  • Order date 15 October 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Richard Abel · the Vendor's right, title, and interest in the Purchased Asset, being the Lands legally described as Plan 0020956, Lot A, Excepting Thereout All Mines and Minerals (2.2 hectares / 5.5 acres more or less) · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Application re Approval and Vesting Order re Abel (October 12, 2018)
  • Presiding officer Justice R.A. Graesser
PDF · Subscribers
Twelfth Report of the Receiver (October 12, 2018)
  • Cash on hand · Disbursements · Financial position · Operational summary Subscribers
  • + 9 more extracted facts
PDF · Subscribers
Amended Sale Approval and Vesting Order re Genstar Development - Reid Lots (October 3, 2018)
  • Closing terms Title vests in the Purchaser upon delivery of the Receiver's certificate; closing conditions are in Article 12 of the Offer
  • Order date 3 October 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Genstar Development Limited Partnership #3, by its general partner, Genstar Development Company #3 Limited · the Debtors' respective right, title, and interest in and to the assets described in the Offer, as amended by the Amending Agreement (the Purchased Assets), including the Lands · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Letter to Service List re Reid Group October 3, 2018 Owner Application (August 28, 2018)PDF · Subscribers
Order re Expired and Duplicative Builders' Liens (October 3, 2018)
  • Presiding officer Justice Graesser
PDF · Subscribers
Approval and Vesting Order re 1831575 Alberta Ltd. (September 17, 2018)PDF · Subscribers
Brief re Direction in respect of Liens Registered Against Developer Lands (September 17, 2018)PDF · Subscribers
Brief re Expired Liens Registered Against Developer Lands (September 17, 2018)PDF · Subscribers
Affidavit of M. Adolph Sworn September 14, 2018PDF · Subscribers
Eleventh Report of the Receiver (September 11, 2018)
  • Operational summary Special purpose report supporting 183's application for a sale approval and vesting order for 60 Spruce Ridge homes and lots (26 work-in-progress homes and 34 vacant lots), with the Receiver continuing to review further offers for other residential inventory.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 7 more extracted facts
PDF · Subscribers
Affidavit of S. Froese (1831575 Alberta Ltd.) Sworn on September 7, 2018PDF · Subscribers
Application for Approval and Vesting Order re 1831575 Alberta Ltd. (September 7, 2018)PDF · Subscribers
Affidavit of J. Mauro Sworn August 31, 2018PDF · Subscribers
Affidavit of S. Monson (Melcor) Sworn on August 31, 2018 (Excluding Exhibits)PDF · Subscribers
Letter to Reid Built Service List enclosing Affidavits re October 3 Owner Application (August 31, 2018)PDF · Subscribers
Affidavit of J. Pratt (Prattco) Sworn on August 29, 2018 (Excluding Exhibits)PDF · Subscribers
Affidavit of M. Foster (Rob's Drywall) Sworn on August 29, 2018 (Excluding Exhibits)PDF · Subscribers
Affidavit of S. Tailer (Davidson Enman) Sworn on August 29, 2018 (Excluding Exhibits)PDF · Subscribers
Application re Expired Liens returnable October 3, 2018 (August 23, 2018)PDF · Subscribers
Tenth Report of the Receiver (August 23, 2018)
PDF · Subscribers
Application for Advice and Direction re Builders' Liens against Developer Lands (August 7, 2018)PDF · Subscribers
Affidavit of A. Stefaniuk (Genesis) Sworn on August 01, 2018 (Excluding Exhibts)PDF · Subscribers
Sale Approval and Vesting Order re Norstar Builders (July 10, 2018)PDF · Subscribers
Amended Sale Approval and Vesting Order re Avtar Toor - Developer Lots (July 5, 2018)
  • Closing terms Vesting occurs upon delivery of the Receiver's Certificate to the Purchaser, confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 16 May 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Avtar Singh Toor and Manpreet Kaur Toor · the asset described in the Sale Agreement (the Purchased Assets), being the Developer Lot legally described as Plan 1513280, Block 42, Lot 67 · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Amended Sale Approval and Vesting Order re Dhaliwal - Developer Lots (July 5, 2018)
  • Closing terms Vesting occurs upon delivery of the Receiver's Certificate to the Purchaser, confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 5 July 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Balour Singh Dhaliwal and Charanjit Kaur Dhaliwal · the Debtors' and Westmere Communities Inc.'s respective right, title, and interest in the asset described in the Sale Agreement (Plan 1513280, Block 42, Lot 66) · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Armour - Reid Lots (July 5, 2018)
  • Closing terms Vesting occurs upon delivery of the Receiver's Certificate to the Purchaser.
  • Order date 5 July 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Armour Developments Ltd. · the Debtors' respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands: Plan 1611520 Block 42 Lots 39, 40, 41, 43, 46, 47 and 48 (the Reid Lots) · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Divine - Developer Lots (July 5, 2018)
  • Closing terms Vesting is effective upon delivery of the Receiver's Certificate to the Purchaser substantially in the form of Schedule A; the Receiver must file a copy of the certificate with the Court forthwith after delivery.
  • Order date 5 July 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Divine Luxury Homes INC · the Debtors' and Westmere Communities Inc.'s respective right, title, and interest in the Purchased Assets, including the Lands municipally described as 313 Aspenmere Way (Plan 1513280 Block 44 Lot 19) · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Application for Three Sale Approval and Vesting Orders (June 28, 2018)PDF · Subscribers
Letter to Lien Claimants re Application Scheduled for July 5, 2018 (June 28, 2018)PDF · Subscribers
Ninth Report of the Receiver (June 28, 2018)
  • Cash on hand · Disbursements · Financial position · Operational summary Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Amended Sale Approval and Vesting Order re Footprint Development - Reid Lots (June 19, 2018)
  • Order date 19 June 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Footprint Development Group Inc. · nominee/assignee Granville Townhomes Inc. · the Debtors' respective right, title, and interest in and to the asset described in the Sale Agreement (the Purchased Asset), being the Lands under Certificate of Title No. 172 218 391 · real property · approved
  • Sale outcome Sale approved — Amended sale approval and vesting order approving the Transaction with Footprint Development Group Inc. (or its assignee Granville Townhomes Inc.) for the Reid lands, vesting effective on delivery of the Receiver's Certificate.
  • + 1 more extracted fact
PDF · Subscribers
Amended Sale Approval and Vesting Order re Genesis - Developer Lots (June 19, 2018)
  • Closing terms Vesting is effective upon delivery by the Receiver to the Purchaser of the Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction
  • Order date 19 June 2018
  • Purchaser Genesis Land Development Corp. · the Debtors' respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), the developer lots · asset sale · approved
  • Sale outcome Sale approved — The Transaction with Genesis Land Development Corp. is approved and the Purchased Assets are to vest in the Purchaser upon delivery of the Receiver's Certificate.
  • + 1 more extracted fact
PDF · Subscribers
Amended Sale Approval and Vesting Order re La Vita Land - Reid_Developer Lots (June 19, 2018)
  • Closing terms Vesting takes effect upon delivery of the Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 16 May 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser La Vita Land Inc. · the Debtors' respective right, title, and interest in the Lands, being Plan 1412549 Block 8 Lot 17 (Certificate of Title No. 151 209 307) · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Order Approving Canterbury Assignment Agreement (June 19, 2018)
  • Presiding officer Justice Graesser
PDF · Subscribers
Sale Approval and Vesting Order re 2014695 Alberta - Reid Developer Lots (June 19, 2018)
  • Closing terms Vesting is effective upon delivery of the Receiver's Certificate to the Purchaser.
  • Order date 19 June 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser 2014695 Alberta Ltd. · the Debtors' and Westmere Communities Inc.'s respective right, title, and interest in the assets described in the Sale Agreement, including four developer/Reid lots in Chestermere (Certificate of Title Nos. 151 316 582 +30, 161 223 382, 171 063 348, 171 014 557) · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Orders re Douglas Homes - Reid Lots (June 19, 2018)
  • Order date 19 June 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Douglas Homes Ltd. · the Debtors' respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including three lots in Chestermere (Plan 1313337 Block 38 Lot 20; Plan 1513280 Block 42 Lots 72 and 56) · real property · approved
  • Sale outcome Sale approved — Court approved the sale transaction with Douglas Homes Ltd. for three lots (Reid lots) and vesting of the Purchased Assets in the Purchaser upon delivery of the Receiver's Certificate.
  • + 1 more extracted fact
PDF · Subscribers
Sale Approval and Vesting order re Genstar Development - Reid Lots (June 19, 2018)
  • Closing terms Vesting occurs upon delivery of the Receiver's Certificate to the Purchaser substantially in the form in Schedule A; the Receiver must file a copy of the certificate with the Court forthwith after delivery.
  • Order date 19 June 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Genstar Development Limited Partnership #3 · the Debtors' respective right, title, and interest in and to the asset described in the Sale Agreement (the Purchased Assets), including the Lands (two titled parcels in the St. Albert Settlement) · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Application for Three Sale Approval and Vesting Orders and an Assignment (June 13, 2018)PDF · Subscribers
Eighth Report of the Receiver (June 13, 2018)
  • Operational summary Special-purpose report supporting applications to approve two residential sales, the Genstar sale of the Riverside lands and receivable, and the assignment of the Canterbury Mortgage as part of the receivership sales process.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 7 more extracted facts
PDF · Subscribers
Reply Brief re Lauder Summary Judgment (May 18, 2018)
  • Counsel Aditya Badami Meghan Parker Norton Rose Fulbright Canada LLP
PDF · Subscribers
Seventh Report of Receiver (May 18, 2018)
  • Operational summary Special purpose report on Lauder Industries' summary judgment application over an alleged easement on the Pigeon Lake Property; the Receiver supports dismissal and discharge of the caveat, and continues marketing the property, which is subject to two RBC first mortgages and has received one inadequate offer.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 3 more extracted facts
PDF · Subscribers
Amended Sale Approval and Vesting Order re 2072604 Alberta Ltd. (May 16, 2018)
  • Closing terms Vesting occurs upon delivery of a Receiver's certificate to the Purchaser; Land Titles Registrar to cancel existing titles and issue new titles to the Purchaser or its assignee, subject only to the Permitted Encumbrances
  • Order date 16 May 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser 2072604 Alberta Ltd. · nominee/assignee its assignee (unnamed) · the Debtors' and Rapperswill Developments Ltd.'s respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands (four Alberta lots) · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Order re Release of Liens Holdback and Distribution (May 16, 2018)
  • Presiding officer Justice Graesser
PDF · Subscribers
Sale Approval and Vesting Order re Amazon Hauling - Reid Lots (May 16, 2018)
  • Order date 16 May 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Amazon Hauling Ltd. · the asset described in the Sale Agreement (the Purchased Assets) — the Debtors' respective right, title and interest in the Lands (Reid lots), as listed in the Order · real property · approved
  • Stalking horse Subscribers
PDF · Subscribers
Sale Approval and Vesting Order re Avtar Toor - Developer Lot (May 16, 2018)
  • Closing terms Vesting is effective upon delivery of the Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 16 May 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser The operative paragraphs of the order refer only to 'the Purchaser' and do not name it; the Schedule A form of Receiver's Certificate names Avtar Singh Toor, and the order title names the Avtar Toor Transaction. · the Debtors' and Westmere Communities Inc.'s respective right, title, and interest in and to the asset described in the Sale Agreement (the Purchased Assets), being the Lands legally described as Plan 1513280, Block 42, Lot 67 · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Dhaliwal - Developer Lots (May 16, 2018)
  • Order date 16 May 2018
  • Presiding officer Justice R. A. Graesser
  • Sale outcome Sale approved — Court approved the Dhaliwal Transaction for the sale of a developer lot (Lot 66, Block 42, Plan 1513280) by the Receiver; vesting to take effect upon delivery of the Receiver's Certificate.
  • Stalking horse Subscribers
PDF · Subscribers
Sale Approval and Vesting Order re Elite Real Estate - Reid Lots (May 16, 2018)
  • Closing terms Vesting is effective upon the Receiver delivering the Receiver's Certificate to the Purchaser, confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 16 May 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Elite Real Estate Investments Inc. · Reid Worldwide Corporation's right, title and interest in and to the Purchased Assets, being the Lands: Plan 9322378, Block 83, Lot 126 · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re First Avenue - Reid Developer Lots (May 16, 2018)
  • Closing terms Vesting is effective upon delivery of the Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 16 May 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser First Avenue Properties Ltd. · the Debtors' and Lewis Estates Communities Inc.'s and Rosenthal Communities Inc.'s respective right, title, and interest in and to the asset described in the Sale Agreement (the Purchased Assets), including the Lands (eight lots in Edmonton) · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Footprint Development - Reid Lots (May 16, 2018)
  • Closing terms Vesting occurs upon delivery of the Receiver's Certificate to the Purchaser, confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 16 May 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Footprint Development Group Inc. · the Debtors' respective right, title, and interest in the asset described in the Sale Agreement (the Purchased Asset), being the Lands under Certificate of Title No. 172 218 391 · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Green Cedar Homes - Reid Developer Lots (May 16, 2018)
  • Closing terms Vesting takes effect on delivery of the Receiver's certificate to the Purchaser; the certificate confirms payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 16 May 2018
  • Presiding officer Justice R. A. Graesser
  • Sale outcome Sale approved — The Court approved the Transaction with Green Cedar Homes Inc. for the Reid/Developer Lots and authorized the Receiver to complete it, with vesting on delivery of the Receiver's Certificate.
  • + 1 more extracted fact
PDF · Subscribers
Sale Approval and Vesting Order re Hammoud - Reid Lots (May 16, 2018)
  • Closing terms Vesting is effective upon delivery by the Receiver of the Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 16 May 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Shadia Hammoud · the asset described in the Sale Agreement (the Purchased Asset), being the Lands at 315 Kinniburgh Road, Chestermere, Alberta (Plan 1610322, Lot 4, Block 9) · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Iqbal Toor - Developer Lots (May 16, 2018)
  • Closing terms Vesting is effective upon delivery of the Receiver's Certificate to the Purchaser, confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 16 May 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Iqbal Singh Toor · the Debtors' and Westmere Communities Inc.'s respective right, title, and interest in the Purchased Assets, being the Lands legally described as Plan 151-3280 Block 42 Lot 68 · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re KV Capital - Reid Lots (May 16, 2018)
  • Closing terms Vesting takes effect upon delivery of a Receiver's Certificate to the Purchaser substantially in the form of Schedule A, confirming payment of the Purchase Price and satisfaction or waiver of closing conditions.
  • Order date 16 May 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser KV Capital Inc. · the asset described in the Sale Agreement (the Purchased Assets), including the Lands legally described as Plan 791131, Block 7 · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re More - Reid Lots (May 16, 2018)
  • Closing terms Title vests in the Purchaser upon the Receiver's delivery of a Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 16 May 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Kulwinder Kaur More and Sital Singh More · the Debtors' respective right, title, and interest in the Purchased Assets, including the Lands legally described as Plan 1413361 Block 42 Lot 33 · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Voiture - Reid Lots (May 16, 2018)
  • Closing terms Vesting is subject to unexpired rights of first refusal on the Lands not being exercised, and takes effect upon delivery of the Receiver's Certificate to the Purchaser.
  • Order date 16 May 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Voiture Capital 2011 Inc. · the Debtors' respective right, title, and interest in the Purchased Assets described in the Sale Agreement, including the Lands (Plan 9722753 Block 21 Lot 3 and Lot 2) · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Affidavit of M. Plante (Laurentian Bank) Sworn on May 15, 2018PDF · Subscribers
Affidavit of T. Hazlett (Cobra Mortgage Services) Sworn on May 10, 2018PDF · Subscribers
Application for Thirteen Sale Approval and Vesting Orders and Release of Lien Holdback (May 9, 2018)PDF · Subscribers
Letter re Builders Liens and Prior-Registered Security (May 9, 2018).pdfPDF · Subscribers
Sixth Report of the Receiver (May 9, 2018)
  • Operational summary The Receiver is realizing on the Reid Group's real property through a court-approved sales process. It seeks approval of nine residential sales, three commercial/development sales, a KV Capital credit bid for the Deerfoot Professional Building, and release of lien hold-backs on Reid-owned properties.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 10 more extracted facts
PDF · Subscribers
Affidavit of C. Power (KV Capital) Sworn May 8, 2018PDF · Subscribers
Affidavit of W. Yu (Canada ICI) Sworn on May 2, 2018PDF · Subscribers
Brief of Lauder Industries - Volume 1 of 2 (May 2, 2018)PDF · Subscribers
Brief re Lauder Industries - Volume 2 of 2 (May 2, 2018)
  • Counsel Doherty Schuldhaus LLP
PDF · Subscribers
Consent Order re Lauder Summary Judgment (April 20, 2018)
  • Presiding officer Justice S.D. Hillier
PDF · Subscribers
Sale Approval and Vesting Order re Armour (April 20, 2018)
  • Closing terms Vesting is effective upon the Receiver delivering a Receiver's Certificate to the Purchaser substantially in the form in Schedule A
  • Order date 20 April 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Armour Developments Ltd. · 1679775 Alberta Ltd.'s right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Dolce Vita (April 20, 2018)
  • Closing terms Vesting is effective upon delivery of the Receiver's Certificate to the Purchaser substantially in the form in Schedule A.
  • Order date 20 April 2018
  • Purchaser Dolce Vita Homes Limited Partnership by its general partner Dolce Vita Homes GP Ltd. · the assets described in the Sale and Assignment Agreement (the Purchased Assets) · asset sale · approved
  • Sale outcome Sale approved — The Transaction (Dolce Vita) is approved and the Purchased Assets are to vest in the Purchaser upon delivery of the Receiver's Certificate.
  • + 1 more extracted fact
PDF · Subscribers
Sale Approval and Vesting Order re Genesis - Developer Lots (April 20, 2018)
  • Closing terms Vesting is effective upon delivery of the Receiver's Certificate to the Purchaser; the Receiver files a copy of the certificate with the Court forthwith after delivery.
  • Order date 20 April 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Genesis Land Development Corp. · the Debtors' respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands (developer lots) described by lot/block/plan · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Genesis - Reid Lots (April 20, 2018)
  • Closing terms Vesting occurs upon delivery of a Receiver's Certificate to the Purchaser confirming payment of the Purchase Price and satisfaction or waiver of closing conditions
  • Purchaser Purchaser's name is garbled/illegible in OCR of the application paragraph; Schedule A caption and recitals refer to 'Genesis Land Development Corp.' and a Sale Agreement dated April 13, 2018, but the operative text does not clearly name the Purchaser · 1679775 Alberta Ltd.'s right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands (Reid (167) Lots) · real property · approved
  • Sale outcome Sale approved — Receiver's sale of land lots (Reid (167) Lots) under the Sale Agreement approved; vesting subject to delivery of Receiver's Certificate
  • Stalking horse Subscribers
PDF · Subscribers
Affidavit of Ellis Jovica (Jovica Property Management) Sworn on April 17, 2018PDF · Subscribers
Affidavit of A. Virani (KV Capital) Sworn on April 16, 2018PDF · Subscribers
Affidavit of T. Litsos (RBC) Sworn on April 16, 2018PDF · Subscribers
Application for Four Sale Approval and Vesting Orders (April 16, 2018)PDF · Subscribers
Fifth Report of the Receiver (April 16, 2018)
  • Cash on hand · Disbursements · Financial position · Operational summary Subscribers
  • + 7 more extracted facts
PDF · Subscribers
Letter re Sale and Vesting Orders and Applications (April 13, 2018)PDF · Subscribers
Order re Applications by ICI, Standard General and City of Edmonton (April 11, 2018)
  • Presiding officer Justice R.A. Graessgr
PDF · Subscribers
Sale Approval and Vesting Order re 2014695 oa Streetview (April 11, 2018)
  • Closing terms Vesting is effective upon delivery of the Receiver's Certificate to the Purchaser, confirming payment of the Purchase Price, satisfaction or waiver of Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 11 April 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser 2072604 Alberta Ltd. operating as Streetview Homes · Reid-Built Homes Ltd.'s right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands at 22435 81 Avenue N.W.; 22438 81 Avenue N.W.; and 22507 81 Avenue N.W., Edmonton · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re 2072604 Alberta Ltd. (April 11, 2018)
  • Closing terms Vesting is effective upon delivery by the Receiver to the Purchaser of a certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 11 April 2018
  • Purchaser 2072604 Alberta Ltd. · the Debtors' and Rapperswill Developments Ltd.'s respective right, title, and interest in the Purchased Assets, including the Lands at 16504 140 Street; 173 Rapperswill Drive; 17423 121 Street; and 113 Rapperswill Drive · asset sale · approved
  • Sale outcome Sale approved — Court approved the Sale Agreement between the Receiver and 2072604 Alberta Ltd. and provided for vesting of the Purchased Assets in the Purchaser upon delivery of the Receiver's Certificate.
  • + 1 more extracted fact
PDF · Subscribers
Sale Approval and Vesting Order re 2103908 Alberta Ltd. (April 11, 2018)
  • Closing terms Vesting is effective upon delivery of a Receiver's Certificate to the Purchaser confirming payment of the Purchase Price, satisfaction or waiver of closing conditions under Article 12 of the Sale Agreement, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 11 April 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser 2103908 Alberta Ltd. · 1679775 Alberta Ltd.'s right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands at Kinniburgh Road, Chestermere, Alberta · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re First Avenue (April 11, 2018)
  • Closing terms Vesting is effective upon delivery by the Receiver to the Purchaser of a certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 11 April 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser 2072604 Alberta Ltd. · the Debtors' and Lewis Estates Communities Inc.'s respective right, title, and interest in and to the Purchased Assets · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Grimsdale (April 11, 2018)
  • Closing terms Vesting is effective upon delivery by the Receiver to the Purchasers of a certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 11 April 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Jeff Grimsdale and Coralie Grimsdale · 1679775 Alberta Ltd.'s right, title, and interest in and to the Purchased Assets (the Grimsdale Transaction, property on Schedule B Lands) · real property · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Hammoud (April 11, 2018)
  • Closing terms Vesting is effective upon the Receiver's delivery to the Purchaser of a Receiver's Certificate in the form of Schedule A, confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 11 April 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Adnan Hammoud · 1679775 Alberta Ltd.'s right, title, and interest in the assets described in the Sale Agreement, including the lands at 325 Kinniburgh Cove, Chestermere, Alberta (Plan 1610322, Block 10, Lot 80) · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Homexx Corporation (April 11, 2018)
  • Closing terms Vesting occurs upon delivery of a Receiver's certificate to the Purchaser confirming payment of the Purchase Price, satisfaction or waiver of closing conditions and completion of the Transaction.
  • Order date 11 April 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Homexx Corporation · Reid-Built Homes Ltd.'s and Reid Worldwide Corporation's respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Landrex (April 11, 2018)
  • Closing terms Vesting occurs upon delivery of the Receiver's Certificate to the Purchaser; the Receiver must file a copy of the Certificate with the Court forthwith after delivery.
  • Order date 11 April 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Landrex Inc. · the Debtors' and Villeneuve Communities Inc.'s respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands legally described as Plan 1524128, Block 2, Lot 51 · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Nevada Trucking Limited (April 11, 2018)
  • Closing terms Vesting is effective upon the Receiver delivering a Receiver's Certificate to the Purchaser, substantially in the form of Schedule A, confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Purchaser Nevada Trucking Limited · 1679775 Alberta Ltd.'s right, title and interest in the Purchased Assets described in the Sale Agreement, including the lands at 225 Kinniburgh Cove, Chestermere, Alberta (Plan 1610322, Block 10, Lot 69) · real property · approved
  • Sale outcome Sale approved — The Court approved the Transaction and the Sale Agreement between the Receiver and Nevada Trucking Limited, with vesting of the Purchased Assets upon delivery of the Receiver's Certificate.
  • Stalking horse Subscribers
PDF · Subscribers
Sale Approval and Vesting Order re Pacesetter (April 11, 2018)
  • Closing terms Vesting occurs upon the Receiver delivering to the Purchaser a Receiver's Certificate confirming payment of the Purchase Price, satisfaction or waiver of the Article 12 closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 11 April 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Pacesetter Homes Ltd. · the Debtors' and Walton Big Lake Development Corporation's, Rapperswill Developments Ltd.'s, Lewis Estates Communities Inc.'s, Winterburn Developments Inc.'s, Rosenthal Communities Inc.'s, and Villeneuve Communities Inc.'s respective right, title, and interest in and to the assets described in the Sale Agreement (the Purchased Assets), including the Lands · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Prairie Pipe Sales (April 11, 2018)
  • Closing terms Vesting is effective upon delivery by the Receiver of the Receiver's Certificate to the Purchaser substantially in the form of Schedule A, confirming payment of the Purchase Price, satisfaction or waiver of closing conditions, and completion of the Transaction to the Receiver's satisfaction.
  • Order date 11 April 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Prairie Pipe Sales Ltd. · 1679775 Alberta Ltd.'s right, title, and interest in the assets described in the Sale Agreement, including the lands at 602 Marina Drive and 598 Marina Drive · asset sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Stepanov & Gillis (April 11, 2018)
  • Closing terms Vesting takes effect upon delivery of the Receiver's Certificate to the Purchaser substantially in the form of Schedule A
  • Order date 11 April 2018
  • Purchaser Alex StepanovVandenberg, Alyssa Stepanov, and Eugene Gillis · the Debtors' and Jesperdale Communities Inc.'s respective right, title, and interest in the Purchased Assets, including the Lands at 40 Autumnwood Crescent, Spruce Grove, Alberta · real property · approved
  • Sale outcome Sale approved — Court approved the Transaction and authorized vesting of the Purchased Assets in the Purchaser upon delivery of the Receiver's Certificate
  • + 1 more extracted fact
PDF · Subscribers
Application for Thirteen Sale Approval and Vesting Orders (April 5, 2018)PDF · Subscribers
Fourth Report of the Receiver (April 5, 2018)
  • Cash on hand · Disbursements · Financial position · Operational summary Subscribers
  • + 7 more extracted facts
PDF · Subscribers
Sale Approval and Vesting Order re Landstar Holdings Inc. et al (March 29, 2018)
  • Closing terms Vesting of the Shares and Units in the Purchasers is effective upon delivery of a Receiver's certificate substantially in the form of Schedule A.
  • Order date 28 March 2018
  • Presiding officer Justice R. A. Graesser
  • Purchaser Landstar Holdings Inc., Aegean Real Estate Corporation, and Class Act Investments Inc · Reid Capital's right, title, and interest in and to the assets described in the Sale Agreement (the Shares and Units) · share sale · approved
  • + 2 more extracted facts
PDF · Subscribers
Application for Sale Approval and Vesting Order re Landstar Transaction (March 23, 2018)PDF · Subscribers
Third Report of the Receiver (March 23, 2018)
  • Cash on hand · Disbursements · Financial position · Operational summary Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Order Extending Receivership (March 21, 2018)
  • Presiding officer Justice Hillier
PDF · Subscribers
Application to Seek Leave to Appeal under BIA (March 5, 2018)PDF · Subscribers
Civil Notice of Appeal (March 5, 2018)PDF · Subscribers
Second Report of the Receiver (February 28, 2018)
  • Operational summary The Receiver is preserving and winterizing the home inventory, running a sales process for homes, lots and development assets (offer deadline March 9, 2018), listing five commercial properties with brokers, and keeping five former employees on contract. It is also pursuing recovery of other assets and reviewing lien and secured creditor claims.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Service List (February 26, 2018)
  • Counsel Emery Jamieson LLP
PDF · Subscribers
Reasons for Judgment (February 21, 2018)PDF · Subscribers
Letter re Builders Liens (February 12, 2018)PDF · Subscribers
Statement of Defence re Lauder (February 2, 2018)PDF · Subscribers
Application re Lauder Summary Judgment (January 9, 2018)PDF · Subscribers
Brief of Receiver re Municipal Tax Priority Dispute (January 9, 2018)PDF · Subscribers
Brief of the City of Edmonton Application (January 9, 2018)PDF · Subscribers
Affidavit of A. Lauder (Lauder Industries) Sworn on January 8, 2018PDF · Subscribers
Statement of Claim re Lauder(January 4, 2018)PDF · Subscribers
Affidavit of S. Esterer (City of Edmonton) Sworn on December 20, 2017PDF · Subscribers
Application by the City of Edmonton (December 20, 2017)PDF · Subscribers
Brief of Receiver re Property Powers Charge (November 29, 2017)
  • Counsel Aditya M. Badami Norton Rose Fulbright Canada LLP
PDF · Subscribers
Property Powers Charging Order (November 29, 2017)PDF · Subscribers
Book of Authorities of the Receiver (November 24, 2017)PDF · Subscribers
Brief of Law and Argument of the Receiver (November 24, 2017)
  • Counsel Norton Rose Fulbright Canada LLP
PDF · Subscribers
First Report of the Receiver (November 24, 2017)
  • Closing confirmed Closed · date not stated
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 8 more extracted facts
PDF · Subscribers
Notice of Application returnable November 29, 2017 (November 24, 2017)PDF · Subscribers
Affidavit of C. Biello (Laurentian Bank) Sworn on November 17, 2017PDF · Subscribers
Affidavit of C. Martin (Standard General) Sworn November 17, 2017PDF · Subscribers
Affidavit of W. Yu (Canada ICI) Sworn November 17, 2017PDF · Subscribers
Application by Canada ICI Capital Corporation (November 17, 2017)PDF · Subscribers
Application by Standard General Inc. (November 17, 2017)PDF · Subscribers
Brief of Canada ICI (November 17, 2017)PDF · Subscribers
Brief of Standard General (November 17, 2017)PDF · Subscribers
Letter to Home Purchasers and Building Trade Creditors (November 14, 2017)PDF · Subscribers
Form 87 Notice and Statement of the Receiver
PDF · Subscribers
Approval and Vesting Order (November 2, 2017)
  • Order date 2 November 2017
  • Presiding officer Justice S. D. Hillier
  • Sale outcome Sale process approved — Order approving yet-to-be-determined ordinary course residential real estate sale agreements to be closed by the Receiver, vesting each Debtor's interest in the respective Property in the Purchaser upon delivery of the Receiver's Certificate.
  • Stalking horse Subscribers
PDF · Subscribers
Comeback Order (November 2, 2017)
  • Presiding officer Justice S.D. Hillier
PDF · Subscribers
Consent Receivership Order (November 2, 2017)
  • Applicant Royal Bank of Canada
  • Appointee Alvarez & Marsal Canada Inc.
  • Appointee role Receiver and Manager
  • Commencement date 2 November 2017
  • + 4 more extracted facts
PDF · Subscribers
Creditor List
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Notice of Application (November 2, 2017)PDF · Subscribers
Notice of Application re Sale Appoval and Vesting Order (November 2, 2017)PDF · Subscribers
Proposed Receiver’s First Report (November 2, 2017)PDF · Subscribers
Affidavit of T. Litsos Sworn October 24, 2017PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Reid Investments Ltd. et al.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/reid-investments-ltd-et-al

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Sources last checked · summary updated 1 September 2026 · Report a correction · Printed from proceedings.ca/case/reid-investments-ltd-et-al

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.

Reid Investments Ltd. et al. — Receivership | Proceedings.