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National Real Estate Compensation & Benefits Survey - Current Summary Data

For over a decade, CEL & Associates, Inc. has compiled the nation's largest and most comprehensive survey of compensation within the real estate industry. Over 400 firms participate each year in CEL & Associates, Inc.'s National Real Estate Compensation Survey. Following this brief introduction are the summary results for this year's survey. It is important to remember that this data has been provided to CEL & Associates, Inc. from commercial, multifamily, homebuilding, property management, development, advisory and brokerage firms. This table is a compilation of all data from throughout the United States for small, medium and large public and private firms. For information on how to access more specific compensation data, please see our COMPare Reports section.

Since all of the data contained in this table was provided to us by the participating firms and/or from public documents, CEL & Associates, Inc. makes no representations as to the accuracy of the data. Because compensation is constantly changing, some data may have changed since it was provided to CEL & Associates, Inc.

For more information on CEL & Associates, Inc.'s National Real Estate Compensation Survey, how to become a participant and/or how to purchase the complete survey results including various geographic and specialty sorts, please use the links found here, or call us at 310.571.3113.

2011 REAL ESTATE COMPENSATION SURVEY
All Companies - Consolidated Results
Position Base Salary
Range (1) 		Actual
Bonus
as % of Salary (2)
High Median Low Average
Executive & Corporate Positions
Senior Executive 
Chairman of the Board (not CEO) 498,100 299,500 183,500 151.4%
Chief Executive Officer 622,300 476,000 300,000 142.9%
President 394,800 275,000 204,900 99.0%
Chief Operating Officer 405,400 301,800 209,000 90.6%
Chief Investment Officer 367,000 270,800 200,000 95.2%
CFO/Top Financial Executive 362,300 275,000 190,000 79.6%
Chief Accounting Officer 234,900 200,500 171,200 50.2%
Chief Administrative Officer 235,000 200,000 150,000 56.5%
Executive 
Top Capital Markets Executive 275,000 225,000 153,000 62.1%
General Counsel 307,100 256,600 186,200 71.7%
Top Marketing Executive 200,000 145,800 107,100 30.5%
Top IT Executive/Director 183,600 140,000 115,800 24.3%
Top Corp. Comm./Investor Relations Exec. 167,500 126,900 92,300 26.6%
Top Research Executive/Director 175,000 157,700 96,000 36.3%
Top Business Development Executive 258,100 200,000 150,000 46.6%
Regional Business Development Officer 164,600 137,500 110,000 68.0%
Top Human Resources Executive 175,600 125,000 99,300 32.3%
Corporate 
Human Resources Manager 98,000 80,000 68,100 12.6%
Compensation/Benefits Manager 104,100 80,300 67,700 15.0%
Human Resources Generalist 67,800 55,300 47,800 8.8%
Payroll/Benefits Specialist 62,000 52,800 45,200 7.0%
Associate General Counsel 185,000 161,800 126,700 19.1%
Paralegal 80,400 66,700 56,200 9.3%
Marketing Manager 81,600 68,500 60,000 10.5%
IT Manager 113,300 96,900 82,100 12.1%
IT Engineer/Analyst 84,500 70,000 58,900 8.3%
Network Administrator 81,100 66,800 56,100 7.8%
Training Director/Manager 99,500 84,100 65,300 14.0%
Lease Administrator 64,900 55,300 45,300 7.2%
Office Manager 64,200 54,100 44,700 8.3%
Executive Administrative Asst. 67,000 57,800 51,100 7.7%
Administrative Assistant 46,100 41,800 36,800 5.2%
Finance/Accounting 
Finance Director/Manager 157,100 127,600 100,000 23.8%
Treasurer 159,500 124,000 94,500 25.4%
Top Risk Management Executive 159,500 123,800 96,000 23.3%
Director Internal Audit 140,000 109,300 85,700 16.5%
Compliance Director/Manager 120,000 85,000 65,700 15.6%
Senior Controller 168,800 143,200 115,600 24.0%
Controller 133,400 112,900 92,100 15.8%
Assistant Controller 99,300 86,600 73,500 11.5%
Accounting Director/Manager 96,800 83,600 74,000 12.6%
AP/AR Manager 71,200 61,100 50,000 9.0%
Accounting Supervisor 75,200 64,300 53,600 8.5%
Senior Accountant 71,600 63,000 57,600 8.3%
Accountant 57,100 50,600 43,700 6.6%
Accounting Clerk 45,900 39,300 35,600 5.8%
Property Accountant - Senior 69,500 62,300 55,000 8.0%
Property Accountant 55,000 48,700 42,300 6.6%
Senior Financial Analyst 94,300 81,800 72,600 17.9%
Financial Analyst 72,900 63,400 53,600 10.4%
Tax Manager 126,400 101,000 83,700 14.0%
Office/Industrial Positions
Senior Executive 
Top Division Executive 317,800 246,600 182,900 77.5%
Top Regional Executive 264,400 230,500 175,000 92.0%
Acquisitions 
Top Acquisitions Executive 240,400 195,000 151,000 43.7%
Acquisitions Director/Manager 139,900 121,400 101,600 40.0%
Acquisitions Associate 97,200 68,600 59,200 20.4%
Asset Management 
Top Asset Management Executive 245,000 203,600 173,800 42.4%
Senior Asset Management Executive 188,000 143,400 125,800 34.0%
Portfolio Manager 111,400 104,900 82,900 14.8%
Senior Asset Manager 145,000 120,800 93,900 28.2%
Asset Manager 115,400 87,100 77,300 20.2%
Property Management 
Top Property Management Executive 208,500 175,000 135,300 41.7%
Vice President Property Management 161,600 140,000 119,900 21.5%
Regional Property Manager 142,000 115,000 95,000 20.0%
Senior Property Manager 107,000 95,000 83,200 13.0%
Property Manager I (<250,000 sq.ft.) 77,500 67,700 55,300 9.4%
Property Manager II (250,000-500,000 sq.ft.) 78,000 69,000 59,800 8.0%
Property Manager III (500,001-1,000,000 sq.ft.) 87,400 76,700 64,900 10.0%
Property Manager IV (>1,000,000 sq.ft.) 104,000 77,000 63,500 11.7%
Assistant Property Manager 54,800 49,200 43,900 6.7%
Senior Facility Manager 101,300 88,000 74,300 10.9%
Security Manager 67,800 62,800 52,200 14.5%
Operations Manager 89,200 80,300 70,500 9.6%
Regional/Portfolio Maintenance Engineer 99,100 88,300 78,200 10.0%
Building Engineer 68,000 57,200 50,100 5.5%
Maintenance Supervisor 75,000 65,200 54,100 6.0%
Maintenance Engineer/Technician II 50,800 45,300 40,100 5.1%
Maintenance Engineer/Technician I 41,600 36,000 32,600 3.9%
Leasing 
Top Leasing Executive 212,500 163,500 121,300 81.4%
Senior Leasing Executive 153,900 120,000 74,000 95.3%
Leasing Manager 113,800 85,000 60,300 39.0%
Typical Leasing Agent/Representative 71,100 53,000 43,500 41.5%
Regional Marketing Director/Manager 103,100 77,000 57,000 14.2%
Development/Construction 
Top Development Executive 256,300 197,900 168,500 57.6%
Development VP/Director 191,100 165,100 128,300 38.0%
Senior Development Manager 157,000 138,200 121,600 26.5%
Development Manager 129,300 105,700 89,300 19.3%
Senior Project Manager 125,000 107,800 92,600 14.2%
Project Manager 97,700 84,900 73,200 13.2%
Project Analyst 72,000 59,300 54,000 10.7%
Project Administrator 60,900 54,300 48,000 9.3%
Top Construction Executive 197,900 161,000 125,000 40.1%
Construction Manager 121,100 102,300 85,700 15.4%
Construction On-Site Manager 95,700 78,000 68,000 9.9%
Residential Positions
Senior Executive 
Top Division Executive 320,900 262,000 186,000 63.4%
Top Regional Executive 242,800 177,300 142,100 27.5%
Acquisitions 
Top Acquisitions Executive 227,500 175,000 145,600 109.3%
Acquisitions Director/Manager 161,400 127,500 100,800 32.5%
Acquisitions Associate 85,300 74,900 58,400 13.7%
Asset Management 
Top Asset Management Executive 225,000 192,000 143,500 62.6%
Senior Asset Management Executive 182,000 140,000 90,900 33.5%
Portfolio Manager 112,300 100,700 85,000 16.8%
Senior Asset Manager 113,800 97,500 85,500 14.5%
Asset Manager 86,900 78,300 64,900 15.0%
Property Management 
Top Property Mgmt. Executive 277,900 215,000 158,500 59.6%
Vice President Property Management 163,800 137,400 114,700 27.3%
Regional Property Manager 98,000 87,200 78,400 13.5%
Senior Property Manager 77,800 65,000 55,000 13.4%
On-Site Community Mgr. I (<150 units) 45,000 38,600 34,200 13.6%
On-Site Community Mgr. II (150-300 units) 52,700 47,700 41,000 14.6%
On-Site Community Mgr. III (301-450 units) 60,400 54,300 48,300 14.7%
On-Site Community Mgr. IV (>450 units) 68,800 60,100 51,900 15.5%
Assistant Property Manager 38,500 34,400 30,300 13.4%
On-Site Administrator 42,100 35,900 29,800 7.2%
Resident Services Manager 55,500 42,000 30,800 5.8%
Concierge 34,100 30,700 25,800 6.4%
Security Manager 36,900 34,000 31,900 6.0%
Operations Manager 96,700 62,000 42,900 16.0%
Regional/Portfolio Maintenance Engineer 84,600 75,000 63,200 8.5%
Maintenance Supervisor 51,300 44,200 38,400 7.1%
Maintenance Engineer/Technician II 39,600 34,100 30,700 4.4%
Maintenance Engineer/Technician I 33,400 30,600 28,300 4.5%
Make Ready Maintenance Tech 29,600 27,700 25,100 3.9%
Groundskeeper/Porter 25,200 22,900 21,400 5.1%
Housekeeper/Custodian/Janitorial 25,200 23,200 21,700 4.7%
Leasing 
Senior Leasing Executive 82,500 54,000 41,400 90.3%
Leasing Manager 41,300 35,900 32,500 21.4%
Typical Leasing Agent/Representative 30,300 27,400 25,000 15.6%
Regional Marketing Director/Manager 81,200 70,500 64,000 13.7%
Development/Construction 
Top Development Executive 277,900 212,200 174,000 80.4%
Development VP/Director 180,300 150,000 124,900 26.4%
Senior Development Manager 149,500 121,300 103,000 18.1%
Development Manager 140,000 100,000 84,600 15.2%
Senior Project Manager 142,600 116,100 85,000 17.5%
Project Manager 105,500 90,000 72,300 10.6%
Project Analyst 62,400 55,300 46,700 13.9%
Project Administrator 53,100 48,800 39,600 4.0%
Top Land Engineering Executive 193,000 142,600 105,800 26.0%
Top Construction Executive 197,400 150,000 117,000 33.0%
Construction Manager 112,000 87,500 73,300 13.4%
Construction On-Site Manager 86,000 70,800 56,200 17.4%
Retail Positions
Senior Executive 
Top Division Executive 331,000 267,500 195,000 98.3%
Top Regional Executive 268,200 214,000 173,400 95.6%
Acquisitions 
Top Acquisitions Executive 257,900 200,300 155,200 40.0%
Acquisitions Director/Manager 139,400 119,900 97,200 27.0%
Acquisitions Associate 93,400 73,400 64,200 16.3%
Asset Management 
Top Asset Management Executive 279,900 214,000 176,200 47.3%
Senior Asset Management Executive 229,700 188,900 145,800 45.1%
Portfolio Manager 116,100 103,800 87,500 12.6%
Senior Asset Manager 153,100 122,800 95,300 21.1%
Asset Manager 115,400 92,200 79,700 20.6%
Property Management 
Top Property Management Executive 209,000 169,600 138,800 38.0%
Vice President Property Management 164,600 148,000 124,100 23.3%
Regional Property Manager 135,100 117,500 94,700 20.5%
Senior Property Manager 112,400 99,100 86,400 13.7%
Property Manager I (<150,000 sq.ft.) 82,800 69,300 57,200 9.8%
Property Manager II (150,000-300,000 sq.ft.) 81,300 68,900 61,000 9.5%
Property Manager III (301,000-500,000 sq.ft.) 88,700 70,300 55,200 11.0%
Property Manager IV (>500,000 sq.ft.) 99,300 81,500 61,500 12.9%
Assistant Property Manager 56,100 50,800 45,100 7.8%
Senior Facility Manager 115,000 100,600 85,600 12.7%
Security Manager 80,400 62,100 58,500 16.2%
Operations Manager 91,300 82,100 71,500 9.1%
Regional/Portfolio Maintenance Engineer 105,500 95,200 84,000 10.3%
Building Engineer 71,900 60,100 52,600 5.4%
Maintenance Supervisor 78,900 68,000 53,900 6.1%
Maintenance Engineer/Technician II 54,200 47,400 40,700 4.5%
Maintenance Engineer/Technician I 42,800 37,400 34,200 4.4%
Leasing 
Top Leasing Executive 240,800 175,000 128,400 64.8%
Senior Leasing Executive 187,400 148,800 95,400 67.8%
Leasing Manager 123,400 94,600 76,400 36.0%
Typical Leasing Agent/Representative 91,000 62,900 48,600 48.7%
Regional Marketing Director/Manager 87,200 79,600 61,000 18.1%
Development/Construction 
Top Development Executive 305,200 211,900 175,200 51.8%
Development VP/Director 203,500 169,000 141,800 42.0%
Senior Development Manager 166,400 144,900 124,300 27.5%
Development Manager 149,500 120,400 102,700 21.4%
Senior Project Manager 133,700 116,500 99,500 16.6%
Project Manager 101,300 86,100 78,300 11.9%
Project Analyst 80,000 65,600 58,600 12.5%
Project Administrator 65,600 57,700 51,400 10.6%
Top Construction Executive 216,300 176,500 133,800 30.3%
Construction Manager 130,900 108,600 91,000 14.3%
Construction On-Site Manager 103,700 83,100 66,200 7.9%
Investment/Fund Mgt./Advisors Positions
Portfolio Management 
Top Portfolio Management Executive 238,600 185,000 147,000 49.7%
Investment Management Associate 94,700 82,500 69,600 20.5%
Asset Management 
Top Asset Management Executive 247,500 200,000 157,500 39.0%
Senior Asset Management Executive 192,100 157,200 135,300 36.1%
Portfolio Manager 128,100 117,600 105,300 17.9%
Senior Asset Manager 145,000 121,800 93,900 28.9%
Asset Manager 124,000 92,600 77,700 19.3%
Transactions/Acquisitions 
Top Transactions Executive 227,900 188,500 129,500 51.5%
Senior Transactions Manager 150,000 119,600 100,100 36.0%
Investment/Transactions Associate 97,600 83,300 66,300 18.4%
Top Acquisitions Executive 250,300 178,500 161,000 48.0%
Acquisitions Director/Manager 134,400 126,400 112,400 36.1%
Research/Marketing 
Research Associate 65,500 54,500 45,400 12.7%
Client Marketing Executive 212,500 185,000 149,800 55.0%
(1) High = 75th percentile, Median = 50th percentile, Low = 25th percentile
(2) CEL & Associates, Inc. has intentionally excluded salary and/or extraordinary annual bonus awards from this table in order to not distort the results.
Survey completed 2Q 2011.

Source: CEL & Associates, Inc. / CEL Compensation Advisors, LLC ©2011 National Real Estate Compensation and Benefits Survey - All Rights Reserved.
Not to be referenced without written permission. 12121 Wilshire Blvd., Suite 204, Los Angeles, CA 90025 Tel: 310.571.3113, Fax: 310.571.3117
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