DWC’s Small Business Division Handling Receivership for Ananda Institute

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4,600-square-foot mixed-use building in Santa Rosa involves a bankrupt business and three occupied rental units.

Whether the project fits within the Small Business Division or is much larger, we provide the same standards of work, the written analysis, communications and overall responsibility that comes under any fiduciary obligation.

Targeted receiverships – where fewer than 100 units or 100,000 square feet are involved, or where the property is below $10 million in value – are on the rise. In response, Douglas Wilson Companies’ new Small Business Division is providing tighter efficiencies and offering reduced rates designed to handle targeted receiverships.

Among the first court-appointed targeted receiverships to be announced by the nationally known problem resolution firm is the Ananda Institute Community Counseling Services building. This two-story, 4,600-square-foot mixed-use building at 401 South A St. in Santa Rosa involves a bankrupt business on the ground floor and three occupied rental units above.

“The Ananda Institute building is a perfect fit for DWC’s Small Business Division,” said Douglas Wilson Company (DWC) President Robert Richley. “We are well suited for small operating companies and simple rents and profits real estate receiverships that don’t encompass mechanics liens, litigation, construction, entitlements or detailed forensic analysis. The issues involved in the Ananda Institute are less complex than most.”

DWC (http://www.douglaswilson.com) has handled approximately 250 projects that fit small business parameters. The firm is also well known for its ability to fix extremely large and complex troubled real estate assets. Two of DWC’s current high-profile assignments include the build-out of a 400,000-square-foot urban office tower in Washington, D.C. and the completion of a prominent scientific facility operated by the United States Department of Commerce.

“Whether the project fits within the Small Business Division or is much larger, we provide the same standards of work, the written analysis, communications and overall responsibility that comes under any fiduciary obligation,” said DWC’s Richley. “We believe that our new Small Business Division will be on the leading edge of targeted receiverships nationwide.”

ABOUT DOUGLAS WILSON COMPANIES
Founded in 1989, Douglas Wilson Companies is one of the largest firms of its kind, providing a wide range of specialized business and real estate services to law firms, state and federal courts, corporations, partnerships, pension funds, REITS, financial institutions and property owners nationwide. Services include workout and problem resolution, forensic accounting and litigation support, joint venture investments and development, small business support, brokerage, asset management, crisis/force majeure response, entitlement and construction management.

Douglas Wilson Companies is headquartered at 450 B Street in the financial district of downtown San Diego. For further information, call 619-641-1141 or visit http://www.douglaswilson.com.

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Kathleen Klassen
Scribe Communications
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