RioCan-HBC Limited Partnership et al.

RioCan-HBC Limited Partnership et al. has been in court-appointed receivership in Ontario since June 3, 2025 under BIA s. 243 and provincial Judicature Act authority, and the estate is now working through the disposition of its remaining real property. Four properties have been sold: Devonshire on June 5, 2026 for net proceeds of $4,307,000; Ottawa on June 15, 2026 for $21,092,000; and Vancouver on June 24, 2026 for net proceeds of $4,307,000. The Calgary sale was expected to close on or before July 27, 2026, with estimated net proceeds filed in a sealed confidential appendix. The Montreal property, mortgaged to Royal Bank of Canada, remains subject to a marketing process. As of July 17, 2026 the Receiver reported shortfalls of 48% to 93% across the secured lenders, whose obligations currently due include $212,169,000 on Vancouver, $113,089,000 on Calgary, $59,547,000 on Devonshire and $45,954,000 on Ottawa.