Real Estate Asset Manager Salary

For Real Estate Asset Managers, annual average wages total $73K per year. Overall incomes of Real Estate Asset Managers — including $30K bonuses, $25K profit sharing proceeds, and $49K commissions on the more lucrative end — generally ranges between $46K and $140K. Residence and experience level each impact pay for this group, with the former having the largest influence. Men make up the majority of Real Estate Asset Managers (68 percent) survey respondents. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Most Real Estate Asset Managers report high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$45,732 - $119,387
(Median)
$46K
$73K
$120K
MEDIAN: $72,838
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
$45,732 - $119,387  
   
Bonus
$493.16 - $29,748  
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).
)
$45,865 - $139,722  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 531
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 - $29,748  
   
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).
)
$45,865 - $139,722  
Country: United States | Currency: USD | Updated: 2 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.

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Popular Skills for Real Estate Asset Manager


Survey takers who work as Real Estate Asset Managers typically report just a few professional 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 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.


Real Estate Asset Managers with a rich background of experience are typically rewarded with larger paychecks. Relatively untried employees who have fewer than five years of experience earn around $62K on average. People who have worked for five to 10 years can expect a higher median salary of $83K. The average pay reported by folks with 10 to 20 years of experience is around $84K. Professionals who boast more than 20 years of experience reap the fruits of their labor to the six-figure tune of $127K — the plum median salary in this group.

Pay Difference by Location


Surpassing the national average by 73 percent, Real Estate Asset Managers in San Francisco receive some of the highest pay in the country. Real Estate Asset Managers will also find cushy salaries in New York (+35 percent), Washington (+29 percent), Chicago (+15 percent), and Los Angeles (+13 percent). Real Estate Asset Managers in Richmond make 35 percent less than the national average, proving that location is a major factor in pay. Employers in Houston and San Diego also lean toward paying below-median salaries (10 percent lower and 6 percent lower, respectively).

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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 2%


Property Management
up arrow 13%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 120 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
15%

Common Health Benefits

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