Alberta · Receivership (court-appointed)
Eighteenth Report of Receiver (March 3, 2020)
Court officer report · 3 March 2020
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified
- operational summarySpecial-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.
- process resultsbids: 2 · note: Colliers called for offers to be submitted by September 27, 2018 and two offers were submitted with the highest offer being $2.5 million · as of: 2018-09-27
- purchaser2164685 Alberta Ltd.
- receipts cumulativenote: Stated as total cash consideration from 62 completed sale/settlement transactions to date (492 residential WIP homes and lots, 33 commercial/development/other properties, 3 other assets); this is sale consideration, not a full statement of receipts. · since: Receivership Date (November 2, 2017) · amount: 120000000 · currency: CAD
- report noEighteenth Report
- sale advisorColliers International
- sale outcometext: Receiver seeking approval of the 216 Offer for the Fairways Lands, sale not yet approved by Court · scope: parcel · status: pending_approval