SCREO I Metrotown Inc. and SCREO I Metrotown LP, legal and beneficial owners of two vacant office towers in Burnaby, BC, had a receiver appointed over the properties on July 8, 2024. This action was taken on the application by The United States Life Assurance Company in the City of New York and American Home Assurance Company (the "Lenders"), which are part of the Corebridge Group.

In March 2019, SCREO entered into an $88 million loan agreement with the Lenders to acquire and develop the towers. However, the loan went into default in August 2023 after numerous extensions and accommodations, and matured over nine months ago without repayment. Despite attempts to sell the properties for ten months, SCREO was unsuccessful. The total outstanding loan amount is approximately $50 million.

A&M was appointed as the receiver. Legal advisors involved include Nathanson, Schachter & Thompson for the Lenders, McCarthy Tétrault for SCREO, and Dentons for the receiver.