A 219 unit planned townhome subdivision. Located on 33 plus acres, the project included 19 buildings consisting of 131 townhome units, a resident clubhouse and pool, and 15 finished building lots which allowed for an additional 88 townhome units to be built.
Douglas Wilson Companies (DWC), agent for Receiver, was tasked to protect, preserve, and manage the real property including the project’s ongoing construction, entitlements, and the Homeowners’ Association (HOA).
DWC engaged third party contractors and consultants to assist with the management and protection of the property, access the costs necessary to complete the unfinished construction, understand the property’s operational obligations, and help preserve the property’s entitlements. Operational and marketing budgets were prepared to outline the costs to operate and sell the property. Additionally, DWC compiled the necessary due diligence information for the marketing and sale of the property. DWC governed the developer-controlled HOA Board ensuring that the association was in compliance with all state and regulatory laws.
The property was sold and the Receiver discharged.
The Townhomes at San Simeon
Circuit Court of the Twentieth Judicial Circuit of the State of Florida
Fort Myers, FL
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