Villa Real is a 163 unit apartment complex located on 10 acres in Carlsbad, California. Amenities included a pool, tennis court, racquet ball court, gym, dry sauna, pool table, ping pong table and RV storage area.
Douglas Wilson Companies (DWC), agent for Referee, was charged with maintaining, preserving and eventually selling the asset.
The Referee coordinated with the property management company on the day-to-day activities. The Referee also oversaw roof repairs, slab repairs, extensive soils testing and monthly distributions to the partners. Per the court’s order, DWC engaged Cushman and Wakefield to market and sell the property.
The property was sold and the Referee was discharged.
Mildred McKerney Estate (Villa Real)
Superior Court of the State of California, San Diego County
San Diego, CA
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.
1620 Fifth Avenue
San Diego, California 92101