Commercial Real Estate Asset Manager - Office & Industrial

Job Title

Commercial Real Estate Asset Manager – Office & Industrial

Chicago

• Manage a portfolio of 12 to 14 Class A & B Office, Industrial, and office flex assets (approx. 3‑6 million NRA; 250‑400 tenants).
• Negotiate significant leases and oversee every aspect of the leasing process, including NPV preparation, tenant financial review, securitization, and commission invoice review.
• 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, or repositioning.
• Understand competitive positioning relative to rents, lease terms and overall occupancy 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 Portfolio Managers.
• Prepare quarterly reports that present property performance along with progress on strategic initiatives.
• Take 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.
• Ensure accuracy of NOI, capital and cash projections.
• Review monthly, quarterly and annual reports produced by the Contract Manager to ensure they meet DWS requirements.
• Assist the Acquisitions Team with underwriting potential new acquisitions within the respective market.
• Work with the ESG Team to find opportunities for green initiatives.
• Actively participate in the valuation process by providing market intelligence on assumptions.

• Proven institutional Commercial Asset Management experience focused 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.
• Ability to effectively communicate with property management personnel, 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 market changes.

The salary range for this position in Chicago is $130,000 to $212,000.

• Competitive Salary and Matched 401(k) Savings Plan
• Generous Paid Time Off plus Bank Holidays
• Health and Wellness benefits including health & life insurance and support of trained Mental Health First Aiders
• Family friendly benefits including generous parental leave packages and travel insurance
• Opportunities to support CSR strategy focused on climate change and social justice, including charitable donations and volunteer opportunities.

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.