On February 28, 2019, the Court of Queen’s Bench of Alberta (the “Court”) granted an Order (the “Receivership Order”) pursuant to section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3 (“BIA”), sections 13(2) of the Judicature Act, R.S.A. 2000, cJ-2, and 49 of the Law of Property Act, R.S.A. 2000, c L-7, whereby Alvarez & Marsal Canada Inc. (“A&M”) was appointed receiver (the “Receiver”) of the lands and premises commonly known as the “Woodland Park” residential building located at 230 Wilson Drive, Fort McMurray, Alberta (the “Property”) that is owned by LREIT Holdings 34 Corporation. Pursuant to the Receivership Order, the Receiver is appointed, without security, of the Property’s assets and undertakings.