2020 Real Estate Compensation Survey Report

Real Estate Compensation Survey Report ©2020 Pearl Meyer & Partners, LLC

2020 Real Estate Compensation Survey Report

Introduction

Real Estate Compensation Survey Report Page 1

©2020 Pearl Meyer & Partners, LLC

Introduction

Pearl Meyer is pleased to present the 2020 Real Estate Compensation Survey report of results. This

report provides competitive compensation levels (both 2019 actual awards and 2020 target

opportunities) for 162 key positions within all types of commercial and residential real estate

companies.

This year, we collected data for 367 companies and over 36,000 incumbents. Pearl Meyer incorporated

information from publicly traded and not-for-profit real estate companies into the analysis of the 2019

executive officer and independent director compensation using their Schedule 14A Proxy Statements

and Form 990’s, respectively. We extend our sincere appreciation to all survey participants for

providing valuable information, which has enabled us to perform an extensive examination of

compensation within the real estate industry. We hope this report serves as a valuable benchmarking

resource to compare your company's pay practices to the market.

Please Note: As of July 1, 2019, Christenson Advisors’ core team and its complete portfolio of industry leading compensation surveys has joined Pearl Meyer, a leading advisor to boards and management on organizational and executive compensation strategy, design and implementation with ten offices and 100+ consultants globally. CA’s surveys will continue to be conducted and branded as part of Pearl Meyer’s existing survey portfolio. We look forward to continuing to serve you under the Pearl Meyer platform and are excited for the new resources and services it allows us to offer our clients.

Table of Contents



Table of Contents

Participating Companies ...................................................................................................................... 11

Company Information........................................................................................................................... 16

Compensation By Position ................................................................................................................... 22

C – Suite Analysis ...............................................................................................................................796

Trend Analysis – Executive Management ...........................................................................................802

Board of Directors Compensation .......................................................................................................809

Appendix – Job Descriptions...............................................................................................................814

Table of Contents



Executive Management Page

Chairman of the Board ......................................................................................................................... 31

Chief Executive Officer ........................................................................................................................ 36

Chief Operating Officer/President ........................................................................................................ 41

Chief Financial Officer.......................................................................................................................... 46

Chief Administrative Officer.................................................................................................................. 51

Chief Accounting Officer ...................................................................................................................... 56

General Counsel .................................................................................................................................. 61

Chief Information Officer ...................................................................................................................... 66

Chief Investment Officer ...................................................................................................................... 71

Chief Credit Officer .............................................................................................................................. 76

Chief Compliance Officer ..................................................................................................................... 81

Chief Strategy Officer (New this year) .................................................................................................. 86

Accounting/Finance - Corporate

Corporate Controller ............................................................................................................................ 91

Corporate Treasurer ............................................................................................................................ 96

Assistant Controller .............................................................................................................................101

Accounting Manager ...........................................................................................................................106

Senior Accountant ..............................................................................................................................111

Staff Accountant .................................................................................................................................116

Director of Budgeting and Planning.....................................................................................................121

Accounts Receivable/Accounts Payable Professional .........................................................................126

Vice President of Finance ...................................................................................................................131

Director of Financial Reporting ............................................................................................................136

Senior Corporate Tax Executive .........................................................................................................141

Financial Analyst .................................................................................................................................146

Accounting – Portfolio/Fund

Portfolio/Fund Controller .....................................................................................................................151

Portfolio/Fund Accounting Manager ....................................................................................................156

Portfolio/Fund Staff Accountant ..........................................................................................................161

Accounting – Property

Property Controller ..............................................................................................................................166

Property Accounting Manager .............................................................................................................171

Property Staff Accountant ...................................................................................................................176

Administration

Office Manager ...................................................................................................................................181

Executive Assistant .............................................................................................................................186

Administrative Assistant ......................................................................................................................191

Receptionist ........................................................................................................................................196

Architecture/Engineering

Chief Architect/Designer .....................................................................................................................201

Senior Architect/Designer ...................................................................................................................206

Chief Engineer ....................................................................................................................................211

Building Engineer ................................................................................................................................216

Table of Contents



Asset Management Page

Head of Asset Management ................................................................................................................221

Senior Level Asset Management Professional ....................................................................................226

Mid-Level Asset Management Professional.........................................................................................231

Associate - Asset Management ...........................................................................................................236

Analyst - Asset Management ..............................................................................................................241

Building Operations/Facilities Management

Head of Building Operations/Facilities Management ...........................................................................246

Senior Level Building Operations/Facilities Management Professional ................................................251

Mid-Level Building Operations/Facilities Management Professional ....................................................256

Associate - Building Operations/Facilities Management ......................................................................261

Analyst - Building Operations/Facilities Management ..........................................................................266

Capital Markets

Head of Capital Markets .....................................................................................................................271

Senior Level Capital Markets Professional ..........................................................................................276

Mid-Level Capital Markets Professional ..............................................................................................281

Associate - Capital Markets ................................................................................................................286

Analyst - Capital Markets ....................................................................................................................291

Construction/Project Management

Head of Construction ..........................................................................................................................296

Senior Level Construction Professional ..............................................................................................301

Mid-Level Construction Professional ...................................................................................................306

Construction Estimator........................................................................................................................311

Project Executive ................................................................................................................................316

Senior Project Manager ......................................................................................................................321

Project Manager .................................................................................................................................326

Project Engineer .................................................................................................................................331

General Superintendent ......................................................................................................................336

Superintendent ...................................................................................................................................341

Corporate Marketing/Communications

Head of Corporate Marketing/Communications...................................................................................346

Sr. Level Corporate Mktg/Communications Professional ....................................................................351

Mid-Level Corporate Mktg/Communications Professional ...................................................................356

Communications Director ....................................................................................................................361

Development

Head of Development .........................................................................................................................366

Senior Level Development Professional..............................................................................................371

Mid-Level Development Professional ..................................................................................................376

Associate - Development ....................................................................................................................381

Analyst - Development ........................................................................................................................386

Table of Contents



Due Diligence/Underwriting Page

Head of Due Diligence/Underwriting ...................................................................................................391

Senior Level Due Diligence/Underwriting Professional........................................................................396

Mid-Level Due Diligence/Underwriting Professional ............................................................................401

Associate - Due Diligence/Underwriting ..............................................................................................406

Analyst - Due Diligence/Underwriting ..................................................................................................411

Human Resources

Head of Human Resources .................................................................................................................416

Human Resources Director .................................................................................................................421

Human Resources Manager ...............................................................................................................426

Human Resources Generalist .............................................................................................................431

Human Resources Coordinator ...........................................................................................................436

Training and Development Professional..............................................................................................441

Compensation and Benefits Professional............................................................................................446

Internal Recruiter ................................................................................................................................451

HRIS Professional (New this year) ......................................................................................................456

Leasing

Head of Leasing..................................................................................................................................461

Senior Level Leasing Professional ......................................................................................................466

Mid-Level Leasing Professional ..........................................................................................................471

Associate - Leasing ............................................................................................................................476

Analyst - Leasing ................................................................................................................................481

Manager of Lease Administration........................................................................................................486

Lease Administrator ............................................................................................................................491

Legal

Associate General Counsel.................................................................................................................496

Staff Lawyer ........................................................................................................................................501

Senior Paralegal .................................................................................................................................506

Paralegal ............................................................................................................................................511

Operations

Vice President of Operations ..............................................................................................................516

Regional Director of Operations ..........................................................................................................521

Executive Director - Site .....................................................................................................................526

Originations/Production

Head of Originations/Production .........................................................................................................531

Senior Level Originations/Production Professional ..............................................................................536

Mid-Level Originations/Production Professional ..................................................................................541

Associate - Originations/Production ....................................................................................................546

Analyst - Originations/Production ........................................................................................................551

Table of Contents



Portfolio Management

Head of Portfolio Management ...........................................................................................................556

Senior Level Portfolio Management Professional ................................................................................561

Mid-Level Portfolio Management Professional ....................................................................................566

Associate - Portfolio Management ......................................................................................................571

Analyst - Portfolio Management ..........................................................................................................576

Property Management

Head of Property Management ...........................................................................................................581

Senior Level Property Management Professional ...............................................................................586

Mid-Level Property Management Professional ....................................................................................591

Associate - Property Management ......................................................................................................596

Analyst - Property Management ..........................................................................................................601

Structured Finance

Head of Structured Finance ................................................................................................................606

Senior Level Structured Finance Professional ....................................................................................611

Mid-Level Structured Finance Professional .........................................................................................616

Associate - Structured Finance ...........................................................................................................621

Technology

Head of MIS/IT....................................................................................................................................626

MIS/IT Director....................................................................................................................................631

MIS/IT Manager ..................................................................................................................................636

Director of Network & Data Center Services .......................................................................................641

Network Architect ................................................................................................................................646

Network Administrator.........................................................................................................................651

Database Administrator ......................................................................................................................656

Systems Administrator ........................................................................................................................661

Web Developer ...................................................................................................................................666

Computer Support Specialist ..............................................................................................................671

Telecommunications Specialist ...........................................................................................................676

Vice President of Application Development .........................................................................................681

Information Security Analyst ...............................................................................................................686

Transactions

Head of Transactions ..........................................................................................................................691

Senior Level Transactions Professional ..............................................................................................696

Mid-Level Transactions Professional ..................................................................................................701

Associate - Transactions .....................................................................................................................706

Analyst - Transactions ........................................................................................................................711

Table of Contents



Other Senior Positions/Function Heads

Regional President .............................................................................................................................716

Division/Subsidiary President ..............................................................................................................721

Head of Brokerage/Investment Sales ..................................................................................................726

Head of Client Marketing/Investor Relations .......................................................................................731

Head of Clinical Wellness ...................................................................................................................736

Head of Corporate Services ................................................................................................................741

Head of Dining and Food/Beverage ....................................................................................................746

Head of Internal Audit .........................................................................................................................751

Head of New Business/Development ..................................................................................................756

Head of Nursing Services ...................................................................................................................761

Head of Research ...............................................................................................................................766

Head of Resident/Quality Services......................................................................................................771

Head of Risk Management .................................................................................................................776

Head of Sales .....................................................................................................................................781

Head of Security/Safety ......................................................................................................................786

Head of Servicing ...............................................................................................................................791

*Head of Closing, Head of Consulting, Head of Real Estate Lending & Debt Investments, Head of Tax-

Credit Equity/Affordable Housing, Head of Tenant Representation, Head of Valuation Services, and

Director of Occupancy were not reported this year due to insufficient data

Introduction



Contact Information

Should you have any questions about the survey or need any other assistance, please contact any

member of the Pearl Meyer Survey or Real Estate Teams.

Jon Boba

Managing Director

(312) 242-3055

[email protected]

Davis J. Steinbrecher

Analyst

(312) 242-3057

[email protected]

Dan Besser

Survey Account Manager

(508) 630-1517

[email protected]

Todd Carter

Associate Account Manager

(508) 630-1471

[email protected]

Matthew Dunbar


(508) 630-1498

[email protected]

Jordan Gagnon

Senior Survey Account Manager

(508) 630-1501

[email protected]

Alexis Griswold


(508) 630-1495

[email protected]

Andrew Guigno, CCP, GRP

Survey Project Manager

(508) 630-1508

[email protected]

Sarah Muy

Survey Account Manager

(508) 630-1482

[email protected]

Rebecca Toman, CCP, CBP, GRP

Vice President, Survey Business Unit

(508) 630-1475

[email protected]

mailto:[email protected]

Introduction



About Pearl Meyer

Pearl Meyer is the leading advisor to Boards and senior management on the alignment of

compensation with organizational and leadership strategies, making pay programs a powerful catalyst

for value creation and competitive advantage. Our survey team provides organizations with accurate,

on-point information supporting effective business decisions. Pearl Meyer’s global clients stand at the

forefront of their industries and range from emerging high-growth, not-for-profit, and private companies

to the Fortune 500 and FTSE 350. The firm has offices in New York, Atlanta, Boston, Charlotte,

Chicago, Houston, London, Los Angeles, San Jose, and Raleigh.

NEW YORK

461 Fifth Avenue, 19th Floor

New York, NY 10017

(212) 644-2300

[email protected]

BOSTON

93 Worcester Street, Suite 100

Wellesley, MA 02481

(508) 460-9600

[email protected]

CHICAGO

155 North Wacker Drive, Suite 840

Chicago, IL 60606

(312) 242-3050

[email protected]

LONDON

Collegiate House

9 St. Thomas Street

London SE1 9RY, UK

+44 (0) 20 3384 6711

[email protected]

SAN JOSE

Riverpark Tower

333 West San Carlos Street

San Jose, CA 95110

(669) 800-5074

[email protected]

ATLANTA

One Alliance Center

3500 Lenox Road NE, Suite 1708

Atlanta, GA 30326

(770) 261-4080

[email protected]

CHARLOTTE

3326 Siskey Parkway, Suite 330

Matthews, NC 28105

(704) 844-6626

[email protected]

HOUSTON

Three Riverway, Suite 1575

Houston, TX 77056

(713) 568-2200

[email protected]

LOS ANGELES

550 S. Hope Street, Suite 1600

Los Angeles, CA 90071

(213) 438-6500

[email protected]

RALEIGH

505 Millstone Drive

Hillsborough, NC 27278

(919) 644-6962

[email protected]

www.pearlmeyer.com | www.pearlmeyer.com/surveys

Documents

2020 Real Estate Compensation Survey Report