Commercial Real Estate Asset Manager - Office & Industrial
About The Position
The Real Estate division of DWS is a full-service Real Estate manager with approximately $60 billion AUM globally. DWS Real Estate acquires and manages investments in individual assets or Real Estate portfolios on behalf of funds and separate accounts. The US Real Estate franchise is responsible for the origination, acquisition, financings, asset management and disposition of Real Estate assets across the US, which are to be acquired by a wide range of funds and clients of the DWS platform. The East Coast team works on diverse tasks across various Real Estate asset classes such as office, industrial, retail, and residential schemes. The Commercial Asset Management team within DWS Real Estate is responsible for managing a diverse portfolio of Class A & B Office and Industrial assets. The team focuses on optimizing property performance, driving value creation, and ensuring alignment with investment strategies.
Requirements
- 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
- Ability to effectively communicate with property management employees, portfolio managers, the investment committee, and clients.
- 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.
Responsibilities
- 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
- 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
- Reviews monthly, quarterly and annual reports produced by the Contract Manager to ensure they follow DWS requirements
- Assist 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
Benefits
- 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. You can make donations to our partnered organisations or take part in corporate volunteering opportunities in your local communities by providing on hand support.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
