February 20, 2014 - Pursuant to an Order made by the Ontario Superior Court of Justice on February 20, 2014, Deloitte Restructuring Inc. was appointed Receiver and Manager of the assets, undertakings and property of Hyde Park Residences Inc.
April 15, 2014 - The Receiver will appear before the Ontario Superior Court of Justice at Ottawa on Tuesday April 15, 2014 at 11:00 a.m. to make its first report to the court regarding the receivership of some of the property and assets of Hyde Park Residences Inc. The Ottawa Courthouse is located at 161 Elgin Street in Ottawa. A draft copy of the Receiver’s first report will be posted at the Receiver’s website before April 15, 2014.
For further information with respect to this receivership administration, please contact Melissa Brown at 613-751-5232 or via e-mail atmelisbrown@deloitte.ca
For prospective purchasers seeking additional information with respect to this property, please contact Craig Leslie at 416-601-5287 or via e-mail at HPRIdevelopment@deloitte.ca
REIT investment could be very rewarding but you need to be very careful and selective. Hydepark is not even qualified as a REIT even it pretended to be that way.
In Canada, the investment return and dividend on senor home REIT simply can not be that high as Hydepark claimed. there are many REIT companies to compare, or you can check other best run and managed REIT investment companies
in this country. As far as I know, this company don't sent quarterly or audited annually financial reports to the investors. How could you expect such a return without all this basic info? If you rely on your investment return only on the salesmen's mouth you are entering a very very high risk area.
To be simple, You don't need to be smart. Even you need no smart but you need ration to be not fooled by other when invest. If your are smart and intelligent and rational you wouldn't doing poor in your investment. Good luck next time.