Safeguard Real Estate Investment Fund Limited Partnerships
Follow- Proceeding
- CCAACOMPANIES' CREDITORS ARRANGEMENTS ACT, R.S.C. 1985, c. C-36, SECTION 13(2) OF THE JUDICATURE ACT, R.S.A. 2000, c. J-2, AS AMENDED AND SECTION 99(a) OF THE BUSINESS CORPORATIONS ACT, R.S.A. 2000, c. B-9, AS AMENDED
- File
- 0901-11048
Safeguard Real Estate Investment Fund Limited Partnerships have been under the supervision of the Court of King's Bench of Alberta since July 29, 2009, when an initial order was granted in court file 0901-11048 on the application of Concrete Equities Inc., Wealthcrete Investment Corporation, five Concrete Associates investment corporations and El Golfo. The application invoked the Companies' Creditors Arrangements Act, R.S.C. 1985, c. C-36, section 13(2) of the Judicature Act and section 99(a) of the Business Corporations Act. Ernst & Young Inc. is Monitor. On a net book value basis as at June 9, 2009, Safeguard Real Estate Investment Fund II Limited Partnership showed assets of $22,150,170 and liabilities of $18,236,191, with secured claims including $8,780,670 to Standard Life Assurance of Canada, $5,500,000 to 934608 Alberta Ltd and $3,300,000 to Strategic Financial Corporation. The matter is active.
Initial order granted, opening proceedings in Alberta court file 0901-11048 on the application of Concrete Equities Inc. and affiliated investment corporations; Ernst & Young Inc. serves as Monitor.
Source: Initial Order
Order - Staying Application to Amend the Certificate of LP — Application / notice of application
The court appointed Ernst & Young Inc. as Receiver, on the application of SAFEGUARD REAL ESTATE INVESTMENT FUND V LIMITED PARTNERSHIP. Court file 0901-07953.
Source: 5. Interim Receivership Order - Safeguard Real Estate Investment Fund V Limited Partnership
The court appointed Ernst & Young Inc. as Receiver, on the application of SAFEGUARD REAL ESTATE INVESTMENT FUND LIMITED PARTNERSHIP. Court file 0901-07666.
Source: 1. Interim Receivership Order - Safeguard Real Estate Investment Fund Limited Partnership
2. Interim Receivership Order - Safeguard Real Estate Investment Fund II Limited Partnership — Receivership order
3. Interim Receivership Order - Safeguard Real Estate Investment Fund III Limited Partnership — Receivership order
4. Interim Receivership Order - Safeguard Real Estate Investment Fund IV Limited Partnership — Receivership order
Debtor
Safeguard Real Estate Investment Fund Limited Partnerships
Monitor
EY
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Standard Life Assurance of Canadadebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $8.78M | 2. Safeguard II LP - Receivership Notice |
| 4 | Secured | 934608 Alberta LtdAdded subsequent to NOI filing; identified later — debtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $5.5M | 2. Safeguard II LP - Receivership Notice |
| 4 | Secured | Strategic Financial Corporationdebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $3.3M | 2. Safeguard II LP - Receivership Notice |
| 4 | Secured | Dave AuroraIndividual secured creditor — debtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $260K | 2. Safeguard II LP - Receivership Notice |
| 4 | Secured | Danny & Jana PosadkaIndividual secured creditors — debtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $50K | 2. Safeguard II LP - Receivership Notice |
| 4 | Secured | Computershare Trust Company of Canada · in 31 casesAmount listed as unknown — debtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | — | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Convergint Technologies Ltd. · in 3 casesdebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $152K | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Constellation NewEnergy Canada Inc.debtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $49.7K | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | City of Calgary Taxesdebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $24.7K | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Intercon Security Limiteddebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $21.9K | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Concorde Maintenance Inc.debtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $17.4K | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Bennett Jones LLP · in 26 casesdebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $17.4K | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Power Ecosystems Inc.debtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $13.9K | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Bishop & McKenzie LLP · in 4 casesdebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $11.2K | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Sterling Elevator Services Corp.debtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $7.56K | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Receiver General · in 75 casesdebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $4.92K | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Colliers International Realty Advisorsdebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $4.55K | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | RJA Services Inc.debtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $3.39K | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Pinchin Environmental · in 3 casesdebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $2.94K | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | O'Dell Electric Ltd.debtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $2.65K | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Crystal Glass Canada Ltd. · in 3 casesdebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $2.35K | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | WasteLess Environmental Servicesdebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $2.16K | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Amre Supply Co. Ltd.debtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $880 | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Enmax · in 61 casesdebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $734 | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Servicemaster of Calgary Downtowndebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $714 | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Goodbye Graffiti Calgarydebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $606 | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Siemens Building Technologies Ltd. · in 2 casesdebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $588 | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | KJA Consultants Inc. · in 4 casesdebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $473 | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | D.W. Rourke & Associates Ltd. · in 2 casesdebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $468 | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Ambius Inc.debtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $466 | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Telus · in 115 casesdebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $353 | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | AEDARSAdebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $330 | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Ever-Clear Property Services Inc.debtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $252 | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Tigertel Communicaitons Inc.debtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $245 | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Direct Energy Regulated Services · in 58 casesdebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $188 | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | PCO Services Corporation · in 5 casesdebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $117 | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Avenue Commercialdebtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | $62 | 2. Safeguard II LP - Receivership Notice |
| 8 | Unsecured | Other related party payablesAmount listed as unknown; related party — debtor: Safeguard Real Estate Investment Fund II Limited Partnership · as of 9 Jun 2009 | — | 2. Safeguard II LP - Receivership Notice |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
As at 9 Jun 2009 · per Net Book Value as at June 9, 2009 · Safeguard Real Estate Investment Fund II Limited Partnership (entity level) — Statutory/Preferred creditors amount listed as Unknown, excluded from total liabilities figure of $18,236,191; Total Creditors per Creditors Listing also $18,236,191
| Date | Document | File |
|---|---|---|
| Minutes - Second Meeting of the Management Committee | ||
| Filed Affidavit of V. De Palma - Exhibits - Q - PP | ||
| Filed Affidavit of V. De Palma w_ Exhibits - A - P | ||
Initial Order
| ||
| Order | ||
| Receivership Order | ||
| Second Report of the Receiver and Trustee | ||
| Filed Notice of Motion | ||
| Filed Petition | ||
| Notice to Creditors with Court Order | ||
| Notice to Limited Partners | ||
| Minutes of the First Meeting of the Management Committee | ||
| Order - Extension of time to file a Proposal | ||
| Order - Staying Application to Amend the Certificate of LP | ||
| First Report of the Receiver and Trustee | ||
| 1. Safeguard LP - Receivership Notice | ||
2. Safeguard II LP - Receivership Notice
| ||
| 3. Safeguard III LP - Receivership Notice | ||
| 4. Safeguard IV LP - Receivership Notice | ||
| 5. Safeguard V LP - Receivership Notice | ||
| Safeguard II LP - NOI Cash flows | ||
| Safeguard II LP - NOI Notice to creditors package | ||
| Safeguard III LP - NOI Cash flows | ||
| Safeguard III LP - NOI Notice to creditors package | ||
| Safeguard IV LP - NOI Cash flows | ||
| Safeguard IV LP - NOI Notice to creditors package | ||
| Safeguard LP - NOI Cash flows | ||
| Safeguard LP - NOI Notice to creditors package | ||
| Safeguard V LP - NOI Cash flows | ||
| Safeguard V LP - NOI Notice to creditors package | ||
1. Interim Receivership Order - Safeguard Real Estate Investment Fund Limited Partnership
| ||
| 2. Interim Receivership Order - Safeguard Real Estate Investment Fund II Limited Partnership | ||
| 3. Interim Receivership Order - Safeguard Real Estate Investment Fund III Limited Partnership | ||
| 4. Interim Receivership Order - Safeguard Real Estate Investment Fund IV Limited Partnership | ||
5. Interim Receivership Order - Safeguard Real Estate Investment Fund V Limited Partnership
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Safeguard Real Estate Investment Fund Limited Partnerships” (CCAA), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/safeguard-real-estate-investment-fund-limited-partnerships