91 single family homes, townhomes and developed lots within nine subdivisions in five different counties in and around Charleston, South Carolina.

Project Description

Douglas Wilson Companies (DWC), acting as agent for the Receiver, was tasked with securing, managing, and maintaining the homes and lots. In addition, the company completed unfinished houses to market-ready standards, ensuring quality and compliance. DWC also executed a targeted marketing and sales strategy designed to maximize asset value and achieve timely, successful dispositions.

Scope of Work

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.

Project Resolution

The Receiver was discharged.

Project Name

Summerville Homes

Client

Court of Common Pleas for the Ninth Judicial Circuit, Charleston County, South Carolina

Location

South Carolina, SC

Service Provided

    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.

    ADDRESS

    1620 Fifth Avenue
    Suite 400
    San Diego, California 92101

    PHONE

    (619) 641-1141

    EMAIL

    info@douglaswilson.com