A master planned gated community in the City of Riverside approved for 402 homes. There were 28 partially completed homes, 110 finished lots and 217 unfinished lots under the receivership.
Douglas Wilson Companies (DWC) was tasked to take possession, custody and control of significant components of this subdivision.
DWC receivership tasks included handling two separate receiverships for Village 1, Village 3 and approximately 300 acres of unimproved land. DWC maintained the models, production homes, the common area landscaping and the entry monument fountain, and was responsible for all dealings with the City of Riverside regarding code and SWPPP compliance and permit extensions. The Receiver also performed weed abatement, installed and maintained erosion control materials, provided security, and handled all HOA issues.
The Receiver was discharged.
Superior Court of the State of California, Riverside County
Douglas Wilson Companies was founded in 1989 to provide a wide range of specialized business, workout, and real estate services to law firms, state and federal courts, corporations, partnerships, pension funds, REITs, financial institutions, and property owners throughout the United States.
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