Safeguard Real Estate Investment Fund IV Limited Partnership and CEP LP Investment Corp.
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- 1801-06804
- Industry
- Real estate · Rental & income property
Safeguard Real Estate Investment Fund IV Limited Partnership and CEP LP Investment Corp. are the subject of a court-appointed receivership in the Court of King's Bench of Alberta, commenced 4 December 2020 under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority, in court file 1801-06804. A court officer report was filed on the commencement date. The proceeding remains active. No further steps have been recorded on this file, and no stage beyond commencement has been reported.
Order (Sale Approval and Vesting - Second Tailwind), March 2, 2026 — Approval and vesting order
Application re: Sale Approval , Approval of Activities and Sealing Order, February 23, 2026 — Application / notice of application
Application (re Approval of Sales, Approval of Activities, Sealing Order), December 10, 2024 — Application / notice of application
Application re: Sale Approval, Receiver Activities and Sealing, March 25, 2022 — Application / notice of application
Application re: Sale Approval and Vesting Order, January 20, 2022 — Application / notice of application
Amendment to Property, Receiver Borrowings, Sales Process, June 21, 2021 — Application / notice of application
Application materials (Sales process, receiver’s borrowings, etc.) — Application / notice of application
Debtor
Safeguard Real Estate Investment Fund IV Limited Partnership and CEP LP Investment Corp.
Receiver
BDO
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Connect First Credit Union Ltd. (successor to First Calgary Financial Credit Union Limited) · in 9 casesFirst Mortgage (registration 131 096 960, original principal $19,200,000) over Condominium Plan 0811241 Units 1-31, 43, 60, 73, 92-100, 103, 105, 107, 111-128; Assignment of Rents and Leases (registration 131 096 961); General Security Agreements against CEP and Safeguard (PPR registrations 13042505809, 13042506279); Guarantee and Postponement of Claim by CEP up to $19,200,000 — Loan matured April 30, 2018 and was not renewed; per diem interest thereafter $1,442.63; an earlier balance of $16,643,409.29 was stated as owing as at October 12, 2018 (Consent Redemption Order - Listing). — debtor: S · as of 11 Nov 2020 | $15.5M | Affidavit of Olakunle Popoola, sworn November 13, 2020 |
| Secured | |||
| Secured |
2 more claims in 1 class The stack holds Secured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Servus Credit Union Ltd.: a distribution.EstimatedFifth Report of the Receiver, February 23, 2026 · 23 Feb 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Servus Credit Union Ltd. | — | a distribution | Estimatedper the receiver | Fifth Report of the Receiver, February 23, 2026 · 23 Feb 2026 |
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.
| Date | Document | File |
|---|---|---|
Order (Approval of Receiver's Activities and Fees, Distribution and Discharge), March 2, 2026
| PDF · Subscribers | |
Order (Sale Approval and Vesting - Second Tailwind), March 2, 2026
| PDF · Subscribers | |
Order (Sale Approval and Vesting - Tailwind), March 2, 2026
| PDF · Subscribers | |
Sealing Order (Confidential Supplement to the Fifth Report), March 2, 2026
| PDF · Subscribers | |
Application re: Sale Approval , Approval of Activities and Sealing Order, February 23, 2026
| PDF · Subscribers | |
Fifth Report of the Receiver, February 23, 2026
| PDF · Subscribers | |
Order (Approval of Receiver's Activities and Fees), December 12, 2024
| PDF · Subscribers | |
Order (Sale Approval and Vesting - SO), December 12, 2024
| PDF · Subscribers | |
Order (Sale Approval and Vesting - TDT), December 12, 2024
| PDF · Subscribers | |
Order (Sale Approval and Vesting- CAKO), December 12, 2024
| PDF · Subscribers | |
Sealing Order (Confidential Supplement to the Fourth Report), December 12, 2024
| PDF · Subscribers | |
Application (re Approval of Sales, Approval of Activities, Sealing Order), December 10, 2024
| PDF · Subscribers | |
| Supplement to the Fourth Report of Receiver, December 10, 2024 | PDF · Subscribers | |
Fourth Report of the Receiver, December 3, 2024
| PDF · Subscribers | |
Amending Order (Approval and Vesting Order), October 27, 2022
| PDF · Subscribers | |
Order (Sale Approval and Vesting), April 7, 2022
| PDF · Subscribers | |
| Application re: Sale Approval, Receiver Activities and Sealing, March 25, 2022 | PDF · Subscribers | |
| Third Report of the Receiver, March 25, 2022 | PDF · Subscribers | |
Application re: Sale Approval and Vesting Order, January 20, 2022
| PDF · Subscribers | |
Order (Sale Approval and Vesting Amended), January 20, 2022
| PDF · Subscribers | |
Sealing Order (Confidential Supplement to Second Report), January 20, 2022
| PDF · Subscribers | |
| Second Report of the Receiver, January 10, 2022 | PDF · Subscribers | |
Order (Sales process, receivers borrowings, etc.), June 22, 2021
| PDF · Subscribers | |
Sealing Order (Confidential Supplement to the First Report), June 22, 2021
| PDF · Subscribers | |
| Amendment to Property, Receiver Borrowings, Sales Process, June 21, 2021 | PDF · Subscribers | |
Application materials (Sales process, receiver’s borrowings, etc.)
| PDF · Subscribers | |
First Report of the Receiver, June 14, 2021
| PDF · Subscribers | |
Receivership Order, December 4, 2020
| PDF · Subscribers | |
| Affidavit of Ryan Murphy, sworn November 27, 2020 | PDF · Subscribers | |
| Affidavit of Steven Patrick Butt, sworn November 26, 2020 | PDF · Subscribers | |
| Application materials (Appointment of a Receiver) | PDF · Subscribers | |
Affidavit of Olakunle Popoola, sworn November 13, 2020
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Safeguard Real Estate Investment Fund IV Limited Partnership and CEP LP Investment Corp.” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/safeguard-real-estate-investment-fund-iv-limited-partnership-and-cep-lp-investme