Asset Manager (Commercial)

Job Description

Job Description

We are seeking a highly analytical and strategic Asset Manager to help oversee our commercial real estate portfolio of 18 million square feet of Class A office space. The ideal candidate will partner with Property Management leadership to drive financial performance, operational strategy, and long-term value creation. This role requires a proactive approach to driving revenue growth, managing lease negotiations for renewals, and identifying innovative avenues for supplemental income.

Key Responsibilities

 In partnership with Property Management and Finance, responsible for the Profit and loss statements, ensuring assets meet or exceed financial targets.

 Spearhead the renewal leasing process; negotiate lease terms, analyze tenant financial strength, and collaborate with legal counsel to execute lease agreements.

 Develop strong relationships with key tenants to understand their business needs, ensuring high retention rates and minimizing portfolio downtime.

 Identify, negotiate, and execute opportunities to drive supplemental and ancillary income across the portfolio.

 Maximize revenue from parking operations through strategic pricing, contract optimization, and capacity management.

 Manage and aggressively expand telecommunications and antennae leasing agreements (e.g., cell towers, rooftop rights, fiber optic access).

 Conduct monthly and quarterly financial variance analysis, reporting on property performance to senior leadership.

 Explore additional monetization opportunities

Qualifications

 Experience: Minimum of 7+ years of experience in commercial real estate asset management, investment, or finance, preferably within a publicly traded REIT or institutional investment environment.

 Education: Bachelor’s degree in Finance, Real Estate, Economics, Business Administration, or a related field. Master’s degree (MBA or MS in Real Estate) is highly preferred.

 Technical Skills: Advanced proficiency in financial modeling, including strong skills in Microsoft Excel.

 Leasing Acumen: Proven track record of successfully negotiating commercial leases and a deep understanding of lease structures and clauses.

 Financial Literacy: Deep understanding of real estate accounting, financial statements, and REIT performance metrics (FFO, AFFO, NOI, Cap Rates).

 Soft Skills: Exceptional communication and presentation skills, with the ability to distill complex financial data into actionable strategies for executive leadership. Strong entrepreneurial mindset and negotiation skills.

Company Description

Douglas Emmett operates approximately 18 million square feet of Class A office space and over 5,000 luxury apartment units in nine highly desirable submarkets in Los Angeles County, six of which are located in Los Angeles' Westside - Brentwood, Century City, Santa Monica, Beverly Hills, the Olympic Corridor, and Westwood - and three submarkets in the San Fernando Valley - Sherman Oaks/Encino, Warner Center/Woodland Hills, and Burbank. The Company's Honolulu office portfolio is located in the downtown central business district with multifamily properties in nearby suburban communities.

The Company utilizes the same focused business strategy that was implemented by its founding principals - managing, developing, redeveloping, and acquiring multifamily and commercial real estate in high barrier-to-entry submarkets that exhibit strong economic characteristics such as population and job growth, as well as inherent supply constraints, such as limited developable land due to natural and political barriers. The Company strives to capitalize on the experience of its seasoned management team to create continued value.

Company Description

Douglas Emmett operates approximately 18 million square feet of Class A office space and over 5,000 luxury apartment units in nine highly desirable submarkets in Los Angeles County, six of which are located in Los Angeles' Westside - Brentwood, Century City, Santa Monica, Beverly Hills, the Olympic Corridor, and Westwood - and three submarkets in the San Fernando Valley - Sherman Oaks/Encino, Warner Center/Woodland Hills, and Burbank. The Company's Honolulu office portfolio is located in the downtown central business district with multifamily properties in nearby suburban communities.\r\n\r\nThe Company utilizes the same focused business strategy that was implemented by its founding principals - managing, developing, redeveloping, and acquiring multifamily and commercial real estate in high barrier-to-entry submarkets that exhibit strong economic characteristics such as population and job growth, as well as inherent supply constraints, such as limited developable land due to natural and political barriers. The Company strives to capitalize on the experience of its seasoned management team to create continued value.