Real Estate Asset Manager

About DWS:

DWS Group (DWS) is one of the world's leading asset managers with EUR 928bn of assets under management (as of 31 December 2021). Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.

We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our investment approach strategically.

DWS wants to innovate and shape the future of investing: with approximately 3,500 employees in offices all over the world, we are local while being one global team. We are investors – entrusted to build the best foundation for our clients’ future.

About the Team

The Residential Asset Manager is an integral role within the DWS Real Estate Asset Management Group. The asset manager’s primary role is to add value to our clients’ apartment properties by providing best in class asset management services. The asset manager will be responsible for a portfolio of 10 to 15 residential properties, some with street level retail space. These properties typically contain as many as 4,000 apartments and 3.5 million square feet of living space.

Your Key Responsibilities:

• Develop marketing and leasing guidelines and promotion programs. Review lease terms, tenant improvement plans, and budgets.
• Review and approve monthly draws for each project and check for project budget compliances.
• Monitor capital improvement/new construction programs throughout the course of the year, monitoring for adherence to approved business plan.
• Stay current on local market trends. Thoroughly understand each investment and how it is positioned in its respective market to maximize the value of the investment and identify acquisitions and dispositions opportunities.
• Approve changes in scope of work and estimated construction contracts along with Portfolio Manager.
• Reviewing weekly, monthly, and quarterly reports produced by the contract managers for variance from plan and opportunities to improve performance. Ensure the reports meet DWS requirements.
• Actively manage the quarterly and annual valuation process to ensure that proper and uniform valuation techniques are being applied. Review values monthly based upon capital events at the property, unforeseen capital events, and changes in capital markets.
• Develop management, leasing, and capital investment strategies, as well as income/expense budgets for each asset. Present annual plans for these activities to Portfolio Managers as required.
• Gather and analyze data to understand each property’s position in the market. Ensure properties are appropriately priced relative to their competitive set and leasing velocity.
• Drive value creation at the asset level by implementing strategies that grow income and reduce operating expenses.
• Responsible for the asset management and operating performance of a diverse residential portfolio of real estate assets located throughout the US. The assets managed will be based on the successful candidate’s background of experience.
• Participate in dispositions process.
• Visit assets on a periodic basis to meet with property managers, leasing agents, engineers, etc.

Your Skills & Experience:

• Market analysis skills to support decisions concerning rent rates, capital improvement programs, leasing strategies, and property repositioning.
• Substantial experience asset managing multiple residential investments in multiple geographic regions.
• Travel required.
• Ability to effectively communicate with property management employees, portfolio managers, the investment committee, and clients.
• Understanding of acquisitions, financing, leasing, and dispositions of real estate assets.
• Excellent and effective written and oral communication skills.
• Ability to respond rapidly to changes in the market.
• High level of business acumen as it relates to multifamily marketing, leasing, property operations, accounting, and reporting with the ability to understand financial statements, investment proformas, as well as IRR and NPV calculations and analysis.
• Exposure to and experience with monitoring and interpreting real estate portfolio reporting, including planning, budgeting, leasing, bank/lender compliance, and financial and pro forma modeling.
• Work independently, present recommendations, and interact with the senior management and partners in the decision-making process.
• Minimum of 5 years of institutional, Residential Asset Management experience.
• Ability to approve changes in scope of work and estimated construction contracts alongside the portfolio manager.
• Expertise with an emphasis on the multifamily sector across affordable, workforce, Class A, Class B, single family rental, and student housing.
• Strategic, creative thinker with experience overseeing the process of interpreting data and analysis to support the development of new and innovative investment products.

What We’ll Offer You:

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center. You can expect:

• Generous Paid Time Away plus Bank Holidays
• Health and Life Insurance Plans for you and your family
• The opportunity to support wide-ranging volunteer programs, + 1 day volunteering leave per year, matched personal donations to non-profit organizations dollar-for-dollar, up to $5,000
• A range of flexible benefits including Retail Discounts, Commuter Discounts and Gym benefits
• Competitive Salary and Matched 401K Savings Plan
• Work/Life Balance Programs including Adoption/Surrogacy/Infertility Assistance, Backup Care through Bright Horizons, Phase Back to Work and Support for New Mothers

How we’ll support you:

• Flexible working to assist you balance your personal priorities
• Coaching and support from experts in your team
• Training and development to help you excel in your career

Expectations

It is DWS’s expectation that employees hired into this role will work in the office in accordance with the firm’s hybrid working model.

DWS provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.

The salary range for this position in New York City/California is $106,500-$195,000. 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 type of remuneration.

DWS Values & Diversity

We believe talent is found in all cultures, countries, races, ethnicities, genders, sexual orientations, disabilities, beliefs, generations, backgrounds and experiences. We pursue a working environment where everyone can be authentic and feel a sense of belonging. Click here to find out more about our diversity and inclusion efforts.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories.

Click these links to view the following notices: EEO is the Law poster and supplement; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision

Privacy Statement

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