A 321 unit condominium conversion of an upscale apartment complex within a master planned community in the Perimeter Mall area of metropolitan Atlanta, Georgia.
Douglas Wilson Companies (DWC), agent for Receiver, was tasked with custody, control and possession of all assets as well as execution of a strategic plan to renovate, market, and sell the condominium units. DWC also handled all accounting services.
DWC retained a nationally recognized sales and management firm to implement and facilitate a condominium rental program as well as controlling the daily activities of the condominium’s Condo Owners’ Association. DWC’s development team negotiated construction costs and revised the construction program accordingly. DWC’s sales and marketing team employed an aggressive media campaign to re-launch the project and rental activity. For the 223 unsold units, DWC also legally appealed overestimated real estate tax values.
The property was acquired and the Receiver was discharged.
Superior Court of Fulton County, Georgia
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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