Retrocom Real Estate Investment Trust was a publicly listed labour sponsored fund based in Toronto, which raised in excess of $709 million from investors. The assets of the fund consisted of real estate investments and mortgages located across Canada.
We acted as the Interim Receiver and Proposal Trustee in the restructuring proceedings. We analyzed each of the assets in the fund and realized on certain mortgages and/or sold certain properties. We assisted Retrocom to develop and implement a proposal to its creditors and arranged for the sale of its tax losses.