Ontario · Receivership (court-appointed)
Second Report of the Receiver dated May 20, 2025
Court officer report · 20 May 2025
Also filed as: Second Report of the Receiver dated May 20, 2025
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
- report date20 May 2025
- report noSecond Report
- operational summaryThe Receiver's activities since the First Report have included: working with legal counsel on transfer of holdback funds; carrying out the realtor proposal process; working with Brightwater Senior Living Group on property management; dealing with insurance matters; corresponding with mortgagees; maintaining cash flow projections and budget-to-actual variance analyses; overseeing receipts and disbursements; corresponding with RHRA; negotiating listing agreements with Newmark and CBRE; working with Blaney and NRF; responding to stakeholder inquiries; maintaining the case website; and drafting this Second Report.
- cash on handamount: 1112000 · currency: CAD
- receipts cumulativeamount: 3200000 · currency: CAD
- sale advisorN.R.E. Newmark Real Estate Canada Limited; CBRE Limited
- sale outcometext: The Receiver recommends the Court grant an order approving the Ravines Sale Process · scope: parcel · status: process_approved