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Real Estate Asset Manager Salary

For Real Estate Asset Managers, annual average wages total $73K per year. Total cash earnings of Real Estate Asset Managers range from $46K on the low end to $138K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $30K and $25K, respectively. Career duration and the particular city each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Most people who answered the questionnaire are men; 66 percent of Real Estate Asset Managers are male. For the most part, Real Estate Asset Managers enjoy their work and report high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$45,090 - $118,620
(Median)
$45K
$73K
$120K
MEDIAN: $73,110
10%
50%
90%

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$12.24 - $31.97
(Median)
$12
$18
$32
MEDIAN: $18.00
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
$45,090 - $118,620  
   
Bonus
$1,002 - $29,858  
Profit Sharing
$493.16 - $25,111  
Commission
$202.73 - $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).
)
$45,687 - $138,185  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 679
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
$12.24 - $31.97  
   
Overtime
$16.37 - $44.19  
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
$1,002 - $29,858  
   
Commission
$202.73 - $49,316  
Profit Sharing
$493.16 - $25,111  
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).
)
$45,687 - $138,185  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 34
United States (change)

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


Real Estate Asset Managers typically list a handful of skills they use on the job. Most notably, facility with Financial Analysis, Real Estate, and Project Management are correlated to pay that is above average, leading to increases ranging from 5 percent to 12 percent. For most people, competency in Financial Analysis indicates knowledge of Project Management.

Pay by Experience Level for Real Estate Asset Manager

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


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. The average inexperienced worker's salary is approximately $64K, and people with five to 10 years of experience bring in more at around $82K on average. For Real Estate Asset Managers, 10 to 20 years of experience on the job amounts to an average salary of $87K. Old hands who claim more than two decades on the job enjoy average earnings of $124K.

Pay Difference by Location


Home to some of the best pay for Real Estate Asset Managers, San Francisco offers exceptional salaries, 62 percent above the national average. Real Estate Asset Managers will also find cushy salaries in New York (+26 percent), Washington (+22 percent), Chicago (+14 percent), and Los Angeles (+7 percent). With compensation 11 percent below the national average, San Diego is not known for hefty paychecks and actually represents the lowest-paying market. Employers in Houston and Atlanta also lean toward paying below-median salaries (10 percent lower and 5 percent lower, respectively).

Related Job Salaries

Experience Affects Real Estate Asset Manager Salaries




National Average
$78,000


Skills That Affect Real Estate Asset Manager Salaries




National Average
$78,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 198 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
2%
1-4 years
27%
5-9 years
32%
10-19 years
25%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 74%
vision benefits Vision: 55% employee benefits None: 14%