Real Estate Asset Manager Salary

Real Estate Asset Managers in the United States can expect wages of $74K per year on average. Total cash compensation for Real Estate Asset Managers runs from $47K to $141K depending on bonuses that can occasionally exceed $31K and profit sharing that can reach almost $24K. Geographic location and tenure each impact pay for this group, with the former having the largest influence. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the larger part. Male Real Estate Asset Managers are more prevalent than women among those who took the survey — 69 percent of professionals. The majority of Real Estate Asset Managers claim high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$46,880 - $121,202
(Median)
$47K
$74K
$120K
MEDIAN: $73,502
10%
50%
90%

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$12.08 - $39.73
(Median)
$12
$20
$40
MEDIAN: $19.00
10%
50%
90%

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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
$46,880 - $121,202  
   
Bonus
$508 - $30,548  
Profit Sharing
$0.00 - $24,323  
Commission
$10,000  
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).
)
$46,921 - $141,297  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 499
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
$12.08 - $39.73  
   
Overtime
$16.73 - $59.18  
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
$508 - $30,548  
   
Commission
$10,000  
Profit Sharing
$0.00 - $24,323  
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).
)
$46,921 - $141,297  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 30
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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.

Common Career Paths for Real Estate Asset Manager


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Real Estate Asset Managers may experience a large salary bump if they progress into a role such as Senior Asset Manager. The latter position pays an average of $99K annually.

Real Estate Asset Manager Job Listings

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Popular Skills for Real Estate Asset Manager


Real Estate Asset Managers report using a pretty varied skill set on the job. Most notably, skills in Financial Analysis, Real Estate, Project Management, and Property Management are correlated to pay that is above average. Those listing Operations Management as a skill should be prepared for drastically lower pay. Microsoft Excel and Property Management also typically command lower compensation. Most people familiar with 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. The average worker who claims fewer than five years of experience earns around $63K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $83K. Real Estate Asset Managers claiming one to two decades of experience make an estimated median of $86K. Professionals with deep experience (more than 20 years) report prosperous salaries in six-figure territory; the median for this crowd is approximately $107K.

Pay Difference by Location

National Average: $78,583

Larger city markers indicate a job is popular in that location.

Real Estate Asset Managers will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 113 percent. Real Estate Asset Managers will also find cushy salaries in Orlando (+52 percent), New York (+28 percent), Washington (+25 percent), and Seattle (+14 percent). Real Estate Asset Managers in Richmond report much lower salaries than the rest of the country — 37 percent below the national average — proving that residence is a major factor in overall pay. A couple other locations with smaller-than-average paychecks include San Diego and Indianapolis (8 percent lower).

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Experience Affects Real Estate Asset Manager Salaries




National Average
$79,000


Skills That Affect Real Estate Asset Manager Salaries

Financial Analysis
up arrow 4%

Real Estate
0%

National Average
$79,000

Project Management
up arrow 2%

Property Management
up arrow 10%

Microsoft Excel
up arrow 20%

Operations Management
up arrow 27%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 97 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
2%
1-4 years
24%
5-9 years
28%
10-19 years
31%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 70%
medical benefits
Vision: 58%
dental benefits
None: 16%
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