Lead Asset Manager, Commercial Real Estate

Employer:             DWS Group

Title:                      Senior Asset Manager & Team Lead - Commercial

Location:               California

Job Code:              #LI-LV2 #LI-03

About DWS:

Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change.

Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment.

We’re looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow. That’s why we are ‘Investors for a new now’.

As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients’ financial future. And in return, we’ll give you the support and platform to develop new skills, make an impact and work alongside some of the industry’s greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career.

This is your chance to invest in your future.

Read more about DWS and who we are here.

Team / Division Overview

The Lead Asset Manager, Commercial (Lead AM) is an integral role within the DWS Real Estate Asset Management Group.  The primary role of the Lead AM is to add value to our clients’ office and industrial properties by providing best in class asset management services. The Lead AM will be responsible for a Southwestern regional portfolio of approximately 55 assets, comprised of approximately 19 million square feet of office and industrial properties. The Lead AM role includes leading a team of three commercial Asset Managers as well as directly overseeing a portfolio of 15 to 20 commercial assets. 

Role Details  

As a/an Senior Asset Manager, you will (be):

• Accountable for driving the asset management and operating performance of the Southwest commercial portfolio.

• Bottom line responsibility for the Southwest regional portfolio performance against the associated industry benchmarks.

• Actively involved and participation in the valuation process.

• Developing, overseeing and implementing property management, leasing and capital investment strategies for the Southwest portfolio as well as income/expense budgets for each asset.  Present quarterly and annual plans for these activities to Portfolio Managers and the Investment Committee as required. 

• Reviewing weekly, monthly and quarterly reports produced by the contract managers for variance from plan and identify/implement opportunities to improve performance.

• Overseeing property management and leasing for the regional portfolio the direct portfolio that the Lead AM is responsible for. 

• Monitoring market trends in value, supply/demand fundamentals and operating costs to identify acquisition and disposition opportunities. Continuously review the portfolio for ways to add value through renovation or repositioning of the asset.

• Understanding each property’s competitive positioning relative to rents, occupancy and property attributes and develop a means to maintain a competitive edge.

• Coordinating the transition of newly acquired properties into the company’s systems as well as the sales efforts with the disposition officer, broker and property managers.

• Work closely with the Value Add team on all developments and major repositioning projects as well as manage relationships with joint venture/property manager partners and provide oversight.

• Assist Transactions Team with underwriting potential new acquisitions nationally.

• Author and present Asset Management strategy section of Investment Committee memos for new acquisitions, accountable for asset management sign off on underwritten starting rents including year’s 1-3 growth rates and lease up timelines. Validation of operating expense and capital projections. Present Investment Committee leasing recommendations and capital expenditure recommendations.

• Present asset management view during hold/sell process, recommends disposition of underperformers.

• Work closely with Sustainability Team t