Commercial Real Estate Asset Manager - Office & Industrial

Employer:

DWS Group.

Title:

Commercial Real Estate Asset Manager – Office & Industrial.

Location:

Chicago. Job Code: #LI-MB1 #LI-03

The Commercial Asset Management team within DWS Real Estate manages a portfolio of Class A & B Office and Industrial assets across the United States.

• 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 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.
• 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 managers 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 meet DWS requirements.
• Assist the Acquisitions Team with underwriting potential new acquisitions within the market.
• Work with the ESG Team to find opportunities for green initiatives.
• Actively involved in the valuation process by providing market intelligence on assumptions.

• Proven institutional Commercial Asset Management experience focused on Office and Industrial assets.
• 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.

• Competitive Salary and Matched 401K Savings Plan.
• Generous Paid Time Away plus Bank Holidays.
• Physical and Mental Health Well‑Being benefits including 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) and healthcare plans.
• Opportunities to support the CSR strategy focused on climate change and social justice.

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. Posted salary ranges do not include incentive compensation or any other remuneration.

DWS offers a hybrid working model designed to balance in‑person collaboration in the office with the flexibility to work from home, with the split between time spent in the office and at home discussed during the interview process.

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.