Commercial Real Estate Asset Manager - Office & Industrial

About the role

As an Asset Manager you will be responsible for:

• Managing a portfolio of 12 to 14 Class A & B Office, Industrial, and Office flex assets (an approximate 3-6 Million of NRA; 250 – 400 tenants).
• Negotiate significant leases and oversee every aspect of the leasing process, including NPV preparation, tenant financial review and securitization, and review of commission invoices.
• Oversee direct property management and leasing services for each asset.
• Monitor market trends in value, cost, and supply/demand fundamentals to identify acquisition and disposition opportunities and continuously review portfolio for opportunities to add value through renovation, expansion, and/or repositioning of the asset.
• Understand competitive positioning relative to rents, lease terms and overall occupancy, and the means to maintain a competitive edge.
• Develop management, leasing and capital investment strategies, along with income/expense budgets for each asset, and present annual plans for these activities to the respective Portfolio Managers.
• Are required to prepare quarterly reports that present property performance along with progress on strategic initiatives.
• Bottom line responsibility for asset performance against the associated benchmarks.
• Manage total capital improvements as a percentage of NOI at the respective properties.
• Manage relationships with contract manager and joint venture partners and provide oversight.
• Responsible and accountable for the accuracy of NOI, capital and cash projections.
• Review monthly, quarterly and annual reports produced by the Contract Manager to ensure they follow DWS requirements.
• Aid Acquisitions Team with underwriting potential new acquisitions within your respective market.
• Work with the ESG Team to find opportunities for green initiatives.
• Actively involved in the valuation process by providing market intelligence on assumptions.

Responsibilities

We are looking for:

• Proven institutional Commercial Asset Management experience with a focus on Office and Industrial.
• Substantial experience asset managing multi-tenant Office and Industrial investments.
• Proven experience in leasing, property operations, project management, construction, negotiations, accounting and reporting with the ability to understand financial statements, investment pro-formas, IRR and NPV calculations and analysis.
• Strong market analysis skills to support decisions concerning rent rates, capital improvement programs, leasing strategies, and property repositioning.
• Understanding of acquisitions, financing, leasing, and dispositions of commercial real estate assets.
• Ability to approve changes in scope of work and estimated construction contracts alongside the portfolio manager.
• Ability to respond rapidly to changes in the market.

Requirements

At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves and it’s important to us that you enjoy coming to work - feeling healthy, happy and rewarded.

Qualifications

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law.

Skills

The salary range for this position in Chicago is $130,000 to $212,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education and other qualifications.

Benefits

We offer a range of benefits including:

• Competitive Salary and Matched 401K Savings Plan
• Generous Paid Time Away plus Bank Holidays
• Physical and Mental Health Well-Being benefits including (but not limited to) Health & Life Insurance Plans and the support of trained Mental Health First Aiders
• Family friendly benefits including generous parental leave packages (supporting all variations of family set-ups), to healthcare plans and travel insurance
• The opportunity to support our CSR strategy which is focused on combatting climate change & achieving greater social justice.

Pay

The salary range for this position in Chicago is $130,000 to $212,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education and other qualifications.

Schedule

DWS’ Hybrid Working model is designed to find the right balance between in-person collaboration and engagement in the office, which is core to our working culture, and working from home. Each business group varies on the split between time spent in the office and at home, but this will be discussed and made clear as part of your application and interview process.