A 240 unit apartment complex located in Colorado Springs, Colorado.
Project Description
Douglas Wilson Companies (DWC), agent for the Receiver, was tasked with oversight and operation of the multi-family complex.
Scope of Work
Throughout the receivership, DWC made significant improvements to the property’s physical and aesthetic condition, maintaining occupancy at 80% throughout the process. DWC also conducted a comprehensive audit of the property’s lease files and implemented cash controls.
Project Resolution
Ultimately, DWC preserved the asset, allowing the borrower to cure the loan with the sale of the property.
Project Name
Sunset Ridge
Client
District Court of El Paso County, Colorado
Location
El Paso County, CO
