Texas Receivership Assignments Heat Up
Following the recent opening of DWC’s Dallas office and the company’s expanded presence in Texas, the company is seeing a surge of activity in the market, led by several new assignments underway and in the pipeline.
“Our expectation around a rise in receiverships in Texas was well timed,” says DWC Chairman and CEO Douglas Wilson. “The opening of our Dallas office, where EVP Joe Corcoran is based, has positioned DWC to serve the market there with a local pulse and experience.”
Abilene multifamily assignment
Corcoran currently is serving as Receiver for a multifamily property in Abilene, Texas, comprising four separate two-story buildings and spanning 28 units.
In its role as Agent for Receiver, DWC is tasked with taking possession, custody and control of the property, which includes 26,000 square feet of rentable space situated on a 1.53-acre site. Currently, the team is managing, operating and preserving the property while maintaining tenant stability.
A-Affordable Self Storage, Midlothian
In another ongoing assignment, DWC is serving as Agent for Receiver for locally owned commercial self-storage facility A-Affordable Self Storage in Midlothian, Texas. As part of its oversight, DWC has employed a third-party property manager under its direction to oversee the storage facility’s day-to-day operations.
“Texas spans a variety of markets, all with their own nuances,” Corcoran says. “DWC’s experience across Texas and commercial property types makes us well positioned to assist in scenarios statewide.”
Need a receiver in Texas? DWC’s Dallas office is at 4925 Greenville Avenue, Suite 1060. Learn more about DWC’s receivership services, see recent projects, or call (619) 641-1141.
