The Canadian real estate market is experiencing increased financial strain, with a rise in distressed residential and commercial projects. In a recent Green Street News feature, Bryan Gelman, President and Co-Founder of Albert Gelman Inc., outlines how licensed insolvency trustees play a critical role in stabilizing troubled developments, safeguarding lenders, and ensuring projects can move forward efficiently.
The article highlights the key steps involved in restructuring distressed properties, demonstrates why receivership does not necessarily signal the end of a project, and offers insights into emerging trends in the market. For real estate developers, lenders, and investors, it provides a practical perspective on managing financial challenges and protecting investments.