Real Estate Asset Manager Salary (United States)

Real Estate Asset Managers in the United States pull down an average of $77,297 per year. The top of the range reaches $134,502 per year, and the bottom approaches $45,521. The final incomes of Real Estate Asset Managers vary between $45,521 and $134,502; higher pay grades include potential for bonuses, profit sharing, and commissions as high as $29K, $25K, and $49K, respectively. Location is the biggest factor affecting pay for this group, followed by years of experience. A strong majority report receiving medical coverage from their employers and most collect dental insurance. Job satisfaction is reported as high by the vast majority of workers. The numbers in this rundown were provided by PayScale's salary survey participants.
Real Estate Asset Manager Salary (?
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.
)
$44,947 - $114,953
(Median)
45K
56K
73K
91K
110K
MEDIAN: $73,017
10%
25%
50%
75%
90%
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Real Estate Asset Manager Salary (?
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.
)
$12.58 - $31.29
(Median)
13
16
23
31
MEDIAN: $18.00
10%
25%
75%
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
$44,947 - $114,953  
   
Bonus
$1,008 - $29,029  
Profit Sharing
$500 - $24,566  
Commission
$204.26 - $48,936  
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).
)
$45,521 - $134,502  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 751
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
$12.58 - $31.29  
   
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
$1,008 - $29,029  
   
Commission
$204.26 - $48,936  
Profit Sharing
$500 - $24,566  
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).
)
$45,521 - $134,502  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 40
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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.

Real Estate Asset Manager Job Listings

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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. Those who have experience with Financial Analysis, Project Management, and Real Estate can expect to be compensated well for these skills, typically earning 13 percent, 7 percent, and 7 percent more than the national average, respectively. 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.
For Real Estate Asset Managers, experience seems to be a major factor in determining pay. Starting at around $64K, salaries see a boost to $83K after five to 10 years. Earnings total $88K after one to two decades. Pay continues to grow for Real Estate Asset Managers after two decades on the job, and average earnings come to $121K. Experienced employees who have 10-20 years of experience make up about one-fourth of the workforce; inexperienced individuals who have been working for less than one year comprise 2 percent, and senior people with more than 20 years under their belt fill out the remaining 13 percent. More than half of respondents report one to nine years of experience.

Pay Difference By Location

San Francisco
up arrow 62%
up arrow 28%
Chicago
up arrow 13%
Washington
up arrow 13%
Atlanta
up arrow 4%
National Average
$77,000
Dallas
up arrow 1%
Houston
up arrow 12%
San Diego
up arrow 15%
Larger circles over a city indicate a job is popular in that location.
With a pay rate for Real Estate Asset Managers that is 62 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Real Estate Asset Managers will also find cushy salaries in New York (+28 percent), Washington (+13 percent), Chicago (+13 percent), and Atlanta (+4 percent). The lowest-paying market is San Diego, which sits 15 percent below the national average. Two other places where employers offer below-median salaries are Houston (-12 percent) and Dallas (-1 percent).

Related Job Salaries

Experience Affects Real Estate Asset Manager Salaries

National Average
$77,000

Skills That Affect Real Estate Asset Manager Salaries

National Average
$77,000

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 239 votes.

Gender

Female
34%
female alumni
 
Male
66%
male alumni

Years of Experience

Less than 1 year
2%
1-4 years
27%
5-9 years
34%
10-19 years
25%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 75%
vision benefits Vision: 55% employee benefits None: 13%
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