Real Estate Asset Manager Salary

An average Real Estate Asset Manager in the United States can expect to take home roughly $73K per year. Cash earnings of Real Estate Asset Managers — including $30K in bonuses, $25K in profit sharing proceeds, and $49K in commissions near the top of the pay scale — stretch from approximately $46K to approximately $139K depending on individual performance. Residence and tenure each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Most workers in this position report high levels of job satisfaction. There are more male Real Estate Asset Managers than female among those who completed the questionnaire, making up 68 percent. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$45,541 - $119,336
(Median)
$46K
$73K
$120K
MEDIAN: $72,602
10%
50%
90%

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$11.74 - $31.59
(Median)
$12
$17
$32
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$45,541 - $119,336  
   
Bonus
$493.16 - $29,572  
Profit Sharing
$0.00 - $25,000  
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).
)
$45,788 - $139,076  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 532
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$11.74 - $31.59  
   
Overtime
$16.73 - $51.29  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$493.16 - $29,572  
   
Commission
$-0.50 - $49,316  
Profit Sharing
$0.00 - $25,000  
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).
)
$45,788 - $139,076  
Country: United States | Currency: USD | Updated: 20 Jun 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.

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Popular Skills for Real Estate Asset Manager


Real Estate Asset Managers who responded to the survey indicated only a few skills that they use on the job. Most notably, skills in Financial Analysis, Real Estate, Project Management, and Property Management are correlated to pay that is above average. Skills that pay less than market rate include Property Management and Project Management. Most people experienced in Financial Analysis also know Project Management.

Pay by Experience Level for Real Estate Asset Manager

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


For many Real Estate Asset Managers, more experience generally translates to higher pay. Relatively untried employees who have less than five years' experience have a median salary of $62K. Those who have been around for five to 10 years can expect to take home more — $83K on average. Real Estate Asset Managers who work for 10 to 20 years in their occupation tend to earn about $84K. Professionals who boast more than 20 years of experience reap the fruits of their labor to the six-figure tune of $126K — the plum median salary in this group.

Pay Difference by Location


For Real Estate Asset Managers, San Francisco provides a pay rate that is 73 percent greater than the national average. Real Estate Asset Managers will also find cushy salaries in New York (+35 percent), Washington (+29 percent), Chicago (+19 percent), and Los Angeles (+14 percent). The lowest-paying market is Richmond, which sits 35 percent below the national average, proving that location is a significant contributor to overall pay. A couple other locations with smaller-than-average paychecks include Houston (10 percent lower) and San Diego (5 percent lower).

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Experience Affects Real Estate Asset Manager Salaries




National Average
$76,000


Skills That Affect Real Estate Asset Manager Salaries


National Average
$76,000

Real Estate
up arrow 2%

Project Management
up arrow 4%

Property Management
up arrow 13%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 124 votes.

Gender

Female
32 %
Male
68 %

Years of Experience

Less than 1 year
2%
1-4 years
25%
5-9 years
32%
10-19 years
26%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 72%
vision benefits Vision: 55% employee benefits None: 14%
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