NAREIT 2016Compensation

Survey

Detailed information from

141 CompaniesIncludes Data on Benefits

Comparisons available for all positions by:• Property sector• Equity market capitalization• Number of full-time employees

For ordering information, please contact Allison Shaw at ashaw@nareit.com or see attached order form.

NAREIT is pleased to present the NAREIT 2016 Compensation and Benefits Survey.

Sponsored by NAREIT and conducted by FPL Associates L.P., this survey provides real estate companies, specifically real estate investment trusts (REITs) and real estate operating companies (REOCs), with valuable competitive compensation levels and current information regarding the design, features and administration of compensation programs. In addition, this year’s survey requested information on benefits programs.

In particular, this report provides information for three major facets of compensation for 154 positions commonly found in member organizations:

• Base salary (2016);• Annual incentive award value (for calendar/fiscal year 2015 and typically paid in 2016);• Long-term incentive award value (for calendar/fiscal year 2015 and commonly granted/awarded in 2016).

The survey illustrates the latest market trends across the real estate industry and broader legislative and corporate governance developments. In addition, the survey contains the results of more than 100 unique questions relating to compensation design trends for real estate professionals, as well as a section analyzing key design elements of benefits programs.

This year’s survey had a participation rate of 48 percent, with an all-time record of 141 organizations participating. The 108 participating companies that are U.S.-based stock exchange-listed Equity REITs, in aggregate, have an equity market capitalization of approximately $700 billion. This represents approximately 78 percent of the industry’s total equity market capitalization, making this survey the most comprehensive of its kind.

NAREIT 2016Compensation

Survey

Detailed information from

141 CompaniesIncludes Data on Benefits

To order, go to:

reit.com/compensation-survey-order

Participating Companies

Participant DemographicsThe charts illustrate the field of participating companies by property sector, number of full-time employees and equity market capitalization.

Number of Employees

Property Sector

Equity Market Capitalization

Retail

Diversified

Residential

Office

Industrial

Lodging/Resorts

Health Care

Data Centers

Other

23%

14%

12%

10%

9%

8%

7%

4%

13%

Other: Infrastructure, Mortgage/Debt, Self-Storage, Specialty, and Timber

75 - 299Employees

26%300 - 750Employees

19%

Over 750Employees

22%

Less Than75

Employees33%

Less Than$1.5B28%

$1.5B - $3B25%

$3B - $5B17%

$5B - $10B12%

Over $10B18%

This report may not be reproduced, re-distributed, sold, lent, licensed or otherwise transferred without the prior written consent of FPL Associates L.P. and NAREIT®.

Segmented compensation data tables available for the following 154 positions

NAREIT 2016Compensation

Survey

To order, go to: reit.com/compensation-survey-order

Executive Management Chairman of the Board Chief Executive Officer Chief Operating Officer Chief Financial OfficerChief Administrative OfficerChief Accounting OfficerGeneral CounselChief Information OfficerChief Investment Officer International PositionsHead/President of Region or Country

Senior Management Regional COO/Regional EVP Division or Subsidiary PresidentHead of Internal Audit Head of Human Resources Corporate Controller Head of Risk ManagementCorporate TreasurerHead of Investor RelationsHead of New Business/DevelopmentHead of Portfolio Management

Corporate Services Positions – AccountingDivision ControllerAssistant Controller Accounting ManagerSenior AccountantStaff AccountantAccounts Receivable/Accounts Payable SupervisorAccounts Receivable/Accounts Payable Professional

Corporate Services Positions – Administration Office ManagerExecutive AssistantAdministrative AssistantReceptionist

Corporate Services Positions – Audit and Tax Internal AuditorSenior Corporate Tax ExecutiveTax ManagerTax ProfessionalDirector of Financial ReportingFinancial Reporting Manager

Corporate Services Positions – Budgeting and Planning Senior-Level Budgeting and Planning ProfessionalBudgeting and Planning Analyst

Corporate Services Positions – Customer Service Head of Customer Service/Tenant Relations

Corporate Services Positions – Finance VP of FinanceMid-Level Finance ProfessionalFinancial Analyst

Corporate Services Positions – Legal Associate - General CounselStaff LawyerSenior ParalegalParalegal Corporate Services Positions – Human ResourcesHuman Resources ManagerHuman Resources GeneralistHuman Resources CoordinatorRecruitment ProfessionalHead of Compensation & BenefitsHRIS ManagerTraining & Development Professional

Corporate Services Positions – Marketing Head of MarketingSenior-Level Marketing ProfessionalMid-Level Marketing ProfessionalSocial Media ProfessionalMarketing CoordinatorCommunications DirectorHead of Brand StrategyMarket Research Analyst

Corporate Services Positions – Operations Operations Director

Corporate Services Positions – Payroll Payroll ManagerPayroll Administrator

Corporate Services Positions– ResearchHead of Research

Corporate Services Positions– Risk ManagementSenior-Level Risk Management Professional

Corporate Services Positions – Technology Head of MIS/ITMIS/IT ManagerDirector of Network & Data Center ServicesVP of Application DevelopmentTelecommunications SpecialistSystems DirectorSystems AdministratorTechnical Service & Support DirectorTechnical Support SpecialistHelp Desk Professional

Real Estate Positions – Architecture & EngineeringChief Architect/DesignerChief EngineerBuilding Engineer

Real Estate Positions – Asset Management Head of Asset ManagementSenior-Level Asset Management ProfessionalMid-Level Asset Management ProfessionalAssociate - Asset Management ProfessionalAnalyst - Asset Management Professional

Real Estate Positions – Building Ops./Facilities MgmtTop Facilities Management ProfessionalHead of Building Ops./Facilities ManagementSenior-Level Building Ops./Facilities Management ProfessionalMid-Level Building Ops./Facilities Management ProfessionalBuilding Operations SupervisorBuilding/Maintenance OperatorSecurity Director

Real Estate Positions – Capital MarketsHead of Capital MarketsSenior-Level Capital Markets ProfessionalMid-Level Capital Markets ProfessionalJunior-Level Capital Markets Professional

Real Estate Positions – ConstructionHead of ConstructionSenior-Level Construction ProfessionalMid-Level Construction ProfessionalJunior-Level Construction ProfessionalProject ManagerConstruction EstimatorProject CoordinatorConstruction Superintendent

Real Estate Positions – DevelopmentHead of DevelopmentSenior-Level Development ProfessionalMid-Level Development ProfessionalJunior-Level Development Professional

Real Estate Positions – Due Diligence/UnderwritingHead of Due Diligence/UnderwritingDirector of Due Diligence/UnderwritingDue Diligence/Underwriting Manager

Real Estate Positions – InvestmentsSenior-Level Investment ProfessionalMid-Level Investment ProfessionalJunior-Level Investment Professional

Real Estate Positions – Leasing and AdministrationHead of LeasingSenior-Level Leasing ProfessionalMid-Level Leasing ProfessionalJunior-Level Leasing ProfessionalManager of Lease AdministrationLease Administrator

Real Estate Positions – Property AccountingProperty ControllerProperty Accounting ManagerProperty Staff Accountant

Real Estate Positions – Property ManagementHead of Property ManagementSenior-Level Property Management Professional (Sq. Footage: Over 1.5M)Mid-Level Property Management Professional (Sq. Footage: 1-1.5M)Senior Property Manager (Sq. Footage: 500,000-1M)Property Manager (Sq. Footage: Up to 500,000)Assistant Property ManagerProperty Administrator

Real Estate Positions – Property TaxHead of Property TaxProperty Tax Professional

Real Estate Positions – SalesNational Sales ManagerInternal Sales ManagerKey Account Manager

Real Estate Positions – Transactions (Acquisitions/Dispositions)Head of TransactionsSenior-Level Transactions ProfessionalMid-Level Transactions ProfessionalAssociate - Transactions ProfessionalAnalyst - Transactions Professional

On-Site Positions – Property ManagementProperty Mgr. (complex) or (stabilized 500+ units)Property Mgr. (complex) or (stabilized 250-500 units)Property Mgr. (complex) or (stabilized 100-249 units)Property Mgr. (complex) or (stabilized less than 100 units)Assistant Property Mgr. (complex) or (stabilized)

On-Site Positions – MaintenanceMaintenance Mgr. (complex) or (stabilized 500+ units)Maintenance Mgr. (complex) or (stabilized 250-500 units)Maintenance Mgr. (complex) or (stabilized 100-249 units)Maintenance TechnicianMaintenance AssistantGroundskeeperHousekeeper

On-Site Positions – LeasingLeasing ManagerLeasing Consultant

Sample PagesNAREIT 2016

CompensationSurvey

To order, go to: reit.com/compensation-survey-order

The NAREIT 2016 Real Estate Compensation Survey has been the leading source on total compensation and benefits information for more than 20 years! The visibility and insight delivered by this survey are unparalleled in the industry.

The digital version of the Compensation Survey is delivered in two parts that provide an excellent overview and analysis as well as highly useful data tables:

Part I A PDF including all the summaries, trend reports, lists and analysis totaling approximately 80 pages of valuable information

Part II An Excel spreadsheet containing more than 150 worksheets presenting more than 300 compensation tables by job title. Also included is a large summary worksheet containing all the compensation data used to create the tables.

The NAREIT 2016 Real Estate Compensation Survey includes more than 300 tables on compensation within the real estate investment industry. No other source provides this depth and breadth of research.

Print Sample

Digital Sample