Real Estate Receiver

Job Title: Real Estate ReceiverLocation: Detroit Metropolitan AreaWe are seeking a highly organized and experienced Real Estate Receiver to oversee the management, maintenance, and disposition of distressed or defaulted properties.Backed by a fully integrated real estate services company, this role is supported by in-house management, leasing, accounting, construction, and legal departments. This position benefits from the strength of a 550‐member team across multiple real estate disciplines, providing substantial operational leverage, resources, and expertise to drive successful outcomes.The ideal candidate will possess expertise in real estate management, legal compliance, financial analysis, and asset preservation. This position is responsible for taking possession of properties under court‐appointed receivership and ensuring the protection of stakeholder interests until legal matters are resolved.Roles and ResponsibilitiesProperty Oversight & ManagementTake control of real estate assets as appointed by the court or lender, ensuring the property is secure, maintained, and operationalOversee property operations including maintenance, repairs, and improvements to preserve the asset's valueSupervise third-party vendors and contractors to ensure timely and quality completion of workFinancial ManagementConduct financial assessments, including review of financial statements, accounting records, budgets, and cash flowsDevelop and implement budgets for ongoing property operations and capital improvementsOversee collection and proper allocation of rents and other incomeLeasing and Tenant Relations* Manage leasing activities for tenant‐occupied properties* Review and renew leases, resolve tenant disputes, and ensure lease complianceLegal and ComplianceEnsure compliance with court orders, regulatory guidelines, and all applicable legal requirementsCollaborate with legal counsel on litigation, disputes, and legal matters involving the property or tenantsEnsure adherence to local, state, and federal laws (e.g., health and safety codes)Stakeholder Reporting & Communication* Provide regular reports to courts, lenders, and involved parties on property status, finances, and issues* Keep stakeholders informed of developments such as maintenance needs, tenant concerns, and financial performanceRisk ManagementIdentify risks associated with the property (e.g., damage, tenant default, liability).Implement risk mitigation strategiesEnsure appropriate insurance coverage and handle related claims or disputesAsset Disposition* Coordinate the sale or transfer of the property as needed, ensuring legal compliance and maximizing value for stakeholders* Oversee property marketing efforts and broker engagementTeam Leadership & Coordination* Supervise on‐site staff, contractors, and third‐party property management teams* Collaborate with attorneys, accountants, real estate brokers, and other professionals supporting the receivershipQualificationsEducation* Bachelor's degree in Real Estate, Business Administration, Finance, or a related field* Law degree or relevant certifications (e.g., CCIM, CPM) preferredExperience* Minimum 5-7 years of experience in real estate management, asset management, or commercial property management* Experience with distressed, defaulted, or foreclosed properties is strongly preferredSkillsSolid knowledge of real estate law, foreclosure, and receivership processesStrong financial skills including budget creation and cash flow managementExcellent negotiation, communication, and problem‐solving skillsAbility to work independently and make critical decisions under pressureProficiency with property management and financial software toolsPersonal AttributesDetail‐oriented with exceptional organizational and time‐management abilitiesStrong leadership skills and experience managing teams and external stakeholdersProactive, responsible, and professional in high‐pressure situationsWhat We OfferWe believe in supporting our team members with both professional growth and a strong workplace culture. Our benefits include:Competitive base salaryFull benefits and a 401(k) with company matchContinuing education reimbursementReferral bonuses for new employees and business leadsTraining seminars for leadership and professional developmentWorking ConditionsLocation: Primarily office‐based with occasional property visits.Hours: Flexible, with potential evening or weekend hours based on needs.Travel: May be required depending on property locations.We are looking for an individual who can maintain control and stability in distressed asset situations while ensuring that all parties' interests are protected throughout the receivership process. If you have a strong background in real estate, asset management, and legal compliance-and are ready for the challenge of managing real estate under receivership-we encourage you to apply.