Friedman appointed receiver of 160-unit residential community in Las Vegas, Nevada

Posted on July 10, 2012

Farmington Hills, Michigan (July 10, 2012) – Friedman Integrated Real Estate Solutions, the Midwest’s leading provider of commercial real estate services, announced today that it has been appointed receiver and manager for Pecos Pointe Apartment Homes, a 160-unit residential community located in Las Vegas Nevada,

The appointment marks Friedman’s entrance into the Nevada residential community market. “This receivership is a testimony to the value our firm creates with every receivership assignment we are appointed,” said David Friedman, President & CEO of Friedman. “Given our track record in receivership assignments for over 6,000 residential units across the nation, we look forward to the opportunity this transaction will provide our team in the Nevada market. We are increasingly sought after for our success in repositioning distressed assets and expect a successful outcome for all stakeholders in this community.

About Friedman Integrated Real Estate Solutions

Friedman Integrated Real Estate Solutions is one of the Midwest’s largest commercial real estate organizations. Friedman offers a full range of services that include: commercial brokerage, property and asset management, investment and loan sale advisory, turnaround management and receivership, space planning and design, construction and project management, graphic design and marketing in addition to a vast array of advisory services. We provide our clients with a single point of contact for the entire range of services we offer.

Friedman represents banks, special servicers, institutions, property owners, national and regional retailers, and commercial tenants in every size range. Friedman manages over 140 facilities encompassing more than 16M SF of commercial and multi-family properties throughout the country.

As owners and managers of commercial property for more than 25 years, Friedman understands what it takes to achieve results that maximize the client’s objectives.