91 single family homes, townhomes and developed lots within nine subdivisions in five different counties in and around Charleston, South Carolina.
Douglas Wilson Companies (DWC), agent for Receiver, was tasked to secure, manage, and maintain the homes and lots. In addition, the company was asked to complete the unfinished houses as well as to market and sell the houses and lots.
DWC managed the general upkeep of the properties, secured and controlled access to the finished houses, and addressed environmental issues such as erosion control and water intrusion. The company reconciled all outstanding liabilities associated with the properties such as property taxes and association regime fees. DWC worked with various buyers and real estate brokers to create interest in the properties, and to ultimately sell them.
The Receiver was discharged.
Court of Common Pleas for the Ninth Judicial Circuit, Charleston County, South Carolina
South Carolina, SC
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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