A 925 lot, planned residential subdivision on 413 acres located within the 1,770 acre master planned community of Southern Hills. Phase I, which consisted of 190 lots, a 14 home model complex and nine production homes, is substantially complete. The balance of the property representing 238 acres is incomplete.
Douglas Wilson Companies (DWC), agent for Receiver, was engaged to maintain and preserve the assets of the receivership estate including ongoing construction, entitlements and the affairs of the Homeowners’ Association (HOA).
DWC engaged third party contractors to assist with the management and preservation of the property and took steps to ensure compliance with Southern Florida Water Management District erosion control requirements. Additionally, DWC assembled all pertinent due diligence materials, served as a member of the Community Development District Board of Supervisors and served as Declarant representative on the HOA Board of Directors.
The property was sold and the Receiver discharged.
Cascades at Southern Hills
Circuit Court of the Nineteenth Judicial Circuit, Hernando County, Florida
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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