A two building, 432 unit luxury apartment rental community in Washington, D.C., complete with a pool, fitness center, screening room, business center, club room with kitchen and bar and barbeque area.
Douglas Wilson Companies (DWC), agent for Receiver, was tasked to take possession, protect, preserve, secure and manage the property.
DWC engaged and managed the onsite property management company to lease the vacant units and ensure the property was well maintained. Additionally, DWC investigated a ground water intrusion issue in the basement parking garage, and accordingly filed an insurance claim and managed the repair.
The property was acquired and the Receiver was discharged.
Superior Court of the District of Columbia, Washington, D.C.
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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