Waterways Joint Venture IV, LLC
Barry Mukamal was appointed by Receiver by the State Court to protect significant real estate assets which were collateral for loans in foreclosure. The estate was comprised of five distinct real estate developments including two partially developed planned urban developments, 224 partially developed lots and 43 completed and rented homes. The remaining two developments were comprised of several hundred acres of undeveloped land. The duties of the Receiver extended to asset preservation, monitoring general business affairs of the developer, overseeing preservation of all entitlements, management of litigation, management of 40 rented homes and all vacant lots and dealing with various aspects of two distressed homeowners’ associations.