Real Estate Asset Manager Salary

Earnings for Real Estate Asset Managers in the United States come in at around $74K per year on average. Cash earnings for Real Estate Asset Managers — which occasionally include more than $31K from bonuses and more than $24K from profit sharing — stretch from around $47K to approximately $141K. Location and career duration each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Real Estate Asset Managers who participated in the survey are largely men, dominating at 69 percent. The figures in this overview were provided by individuals who took 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' salaries may rise greatly for those who assume a higher-end position such as a Senior Asset Manager. The average Senior Asset Manager brings home $99K per year.

Real Estate Asset Manager Job Listings

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Popular Skills for Real Estate Asset Manager


Survey results suggest that Real Estate Asset Managers use a fairly large toolkit of professional skills. 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. 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.


Real Estate Asset Managers with a lot of experience tend to enjoy higher earnings. Respondents with less than five years' experience take home $63K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $83K. Real Estate Asset Managers bring in $86K after working for 10 to 20 years. Average wages for folks with more than 20 years of experience come out to around $107K.

Pay Difference by Location

National Average: $78,583

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

Home to some of the best pay for Real Estate Asset Managers, San Francisco offers exceptional salaries, 113 percent above the national average. 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 earn salaries far below the national average by 37 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Employers also pay below the national average in 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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