Real Estate Asset Manager Salary

Real Estate Asset Managers in the United States can expect wages of $73K annually on average. Individual bonuses, profit sharing and commission for Real Estate Asset Managers — as high as $30K, $25K and $49K, respectively — each contribute to the degree of variation within overall compensation, ranging from $46K to $141K. Location is the biggest factor affecting pay for this group, followed by tenure. Real Estate Asset Managers who participated in the survey are largely men, dominating at 67 percent. Most Real Estate Asset Managers like their work and job satisfaction is high. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. This report is based on answers to PayScale's salary questionnaire.
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$45,882 - $120,443

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$11.74 - $31.59

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$45,882 - $120,443  
   
Bonus
$491.69 - $29,667  
Profit Sharing
$-0.49 - $24,832  
Commission
$-0.50 - $49,316  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$46,034 - $141,072  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 529
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$11.74 - $31.59  
   
Overtime
$16.73 - $51.29  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$491.69 - $29,667  
   
Commission
$-0.50 - $49,316  
Profit Sharing
$-0.49 - $24,832  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$46,034 - $141,072  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 26
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Job Description for Real Estate Asset Manager

Real estate asset managers leads a team of analysts and colleagues to optimize the company’s handling real estate assets. They work extensively with property management and residential development personnel on all issues related to their organization's assets. Generally speaking, this position is considered a supervisory job with staff underneath the manager that require training and guidance. Day-to-day tasks consist of meetings about strategies, planning for future projects, and assessment of current properties. Regular communication with lawyers, managers, architects, brokers, construction foremen, and others is required in this role.

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Real Estate Asset Manager Tasks

  • Manage real estate assets held in trusts, estates, and agency accounts.
  • Locate prospective sites, negotiate contracts, provide lease abstracts and develop a proposed budget for real estate assets.
  • Assess options and opportunities to maximize return on real estate investments.

Real Estate Asset Manager Job Listings

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Popular Skills for Real Estate Asset Manager


Typical Real Estate Asset Managers report a focused set of job skills. Most notably, skills in Financial Analysis, Real Estate, Project Management, and Property Management are correlated to pay that is above average. Skills that seem to negatively impact pay include Property Management. Most people skilled in Financial Analysis are similarly competent in Project Management.

Pay by Experience Level for Real Estate Asset Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Real Estate Asset Managers generally obtain higher compensation for more plentiful past experience. Salaries for inexperienced workers average out to $83K, and those with five to 10 years' experience earn a higher median of $62K. Real Estate Asset Managers bring in $83K after working for 10 to 20 years. Professionals with deep experience (more than 20 years) report prosperous salaries in six-figure territory; the median for this crowd is approximately $130K.

Pay Difference by Location


For Real Estate Asset Managers, San Francisco provides a pay rate that is 72 percent greater than the national average. Real Estate Asset Managers can also look forward to large paychecks in cities like Orlando (+49 percent), New York (+34 percent), Washington (+28 percent), and Chicago (+15 percent). Real Estate Asset Managers in Richmond report much lower salaries than the rest of the country — 36 percent below the national average — proving that residence is a major factor in overall pay. Employers pay around 10 percent less in Houston and 6 percent less in San Diego, below-median salaries for those in this field.

Related Job Salaries

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Experience Affects Real Estate Asset Manager Salaries




National Average
$77,000


Skills That Affect Real Estate Asset Manager Salaries


National Average
$77,000

Real Estate
up arrow 1%

Project Management
up arrow 2%

Property Management
up arrow 13%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 116 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
2%
1-4 years
26%
5-9 years
32%
10-19 years
26%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 71%
vision benefits Vision: 55% employee benefits None: 14%
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