On December 13, 2024, 6511 Sussex Heights Development Ltd. ("6511 Sussex"), Minoru Square Development Limited Partnership, and Minoru View Homes Ltd. (together, "Minoru") were placed into receivership following an application by KingSett Mortgage Corporation, which is owed approximately $221 million. The companies had defaulted on monthly interest installment payments since September 2024.

6511 Sussex owns the "Highline" project, a 48-storey mixed-use tower in Burnaby, British Columbia, completed in late 2023. Minoru owns development land in Richmond, British Columbia, intended for a 429-unit multi-tower project known as "Minoru Square." Both projects were developed by Thind Properties, a Burnaby-based real estate developer, whose "District Northwest" project was also placed in receivership in November 2024.

KSV was appointed as the receiver. Legal counsel involved included Osler for KingSett, Bennett Jones for the receiver, and Richards Buell Sutton for the companies.