Real Estate Asset Manager- Receiverships Job Details Job Location Corporate Office - Farmington Hills - Farmington Hills, MI Position Type Full Time Description Friedman Real Estate is seeking an experienced Real Estate Asset Manager to oversee a portfolio of properties and work closely with the receiver in managing their duties and responsibilities. This role is crucial in ensuring that operational, financial, and strategic aspects of the properties are optimized. The ideal candidate will bring 2-5 years of hands-on real estate experience, including some exposure to receiverships. + Property Oversight: Monitor the performance and condition of properties, ensuring they meet company goals and standards. + Receivership Support: Assist the receiver in managing distressed assets, ensuring all operational, legal, and financial duties are carried out effectively. + Reporting: Prepare and review regular asset reports, including performance, budgets, and financials. Present findings to stakeholders. + Budget and Financial Review: Collaborate with finance teams to review and manage property budgets, forecasts, and operating expenses. + Insurance Management: Ensure that proper insurance coverage is maintained for each property in the portfolio. Review policies and handle claims as needed. + Risk Management: Identify potential risks associated with the property and develop strategies to mitigate those risks (e.g., property damage, tenant defaults, liability concerns). + Capital Projects: Assist in managing capital improvement projects, ensuring they are on time and within budget. Coordinate with contractors and vendors. + Leasing: Work alongside leasing agents to ensure tenant satisfaction and retention. Review leasing strategies and execute leasing decisions as needed. + Asset Disposition: Coordinate the sale or disposition of the property if necessary, ensuring that the sale process is legally compliant, well-executed, and in the best interest of stakeholders. Oversee the marketing of the property for sale or lease, engaging brokers and potential buyers or tenants as appropriate. + Team Leadership & Coordination: Supervise and manage any on-site staff, contractors, or third-party property management teams to ensure smooth operations. Collaborate with attorneys, accountants, real estate brokers, and other professionals involved in the receivership process. Friedman Real Estate is an Equal Opportunity Employer. Applicants are considered regardless of race, color, religion, creed, sex, pregnancy, family responsibility, national origin or ancestry, citizenship, marital status, sexual orientation, transgender status, veteran’s status, genetic information, or status as a qualified individual with a disability or any other protected characteristic in accordance with applicable law. Qualifications + Education: Bachelor’s degree in Real Estate, Business Administration, Finance, or related field. + Experience: Minimum of 2-5 years of experience in real estate management, asset management, or commercial property management, with a preference for experience in distressed or foreclosed properties. + Skills: Strong understanding of real estate operations, financials, and reporting. Experience in working with receiverships or distressed asset management is a plus. Proficiency in Microsoft Office Suite and property management software (e.g., Yardi, MRI, etc.). + Personal Attributes: Detail-oriented with strong organizational and time-management skills. Strong leadership abilities, with experience managing teams and collaborating with diverse stakeholders. Highly proactive, responsible, and able to maintain professional conduct in challenging situations. Ability to manage multiple projects simultaneously and meet deadlines. Excellent communication skills, both written and verbal. Strong problem-solving abilities and attention to detail. + Working Conditions: Primarily office-based with occasional travel to properties for inspections, meetings, or property management oversight. Travel may be required based on the location of properties under receivership. We are Friedman Real Estate____________________________________________________________________________ As one of the largest privately held full-service commercial real estate organizations in the nation, Friedman Real Estate provides clients with a single point of contact for the full range of Advisory, Property Management, Multi-Family, Brokerage, Financial, and Construction services that it offers. Friedman manages more than 200 commercial properties encompassing more than 18 million SF and more than 15,000 apartment homes throughout the United States. Friedman’s brokerage team has over 600 current listings with more than $22.5 billion in closed transactions. As owners and managers of commercial property for over 35 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives. Recognized as one of Detroit Free Press’s Top Workplaces Friedman Benefits We offer a wide range of benefits to our employees consisting of: + Blue Cross Blue Shield health insurance plans + Delta Dental + Vision + Pet Insurance + Company-paid life insurance along with life insurance buyup + 401(k) Match + Company paid Long Term Disability after 2 years of service Friedman Perks + Continuing education reimbursement benefits + Referral bonuses for new employees and new business + Recognition program + Three-tier PTO plan + Paid Parental Leave + Training seminars for leadership and professional development + Friedman Swag