REIT Compensation
Hey guys, I'm interviewing with a large NYC-based REIT ($15b+ gross assets) for a VP role. Not much out there in terms of compensation data, so could you please share your insights across what a reasonable base, bonus, stock package should be?
Curious as well
Speak to recruiters within your network for information.
Acquisition role? Asset class? I'd assume $175-250 base (my data isn't NYC specific so may be a little low?) - bonus tough to pinpoint in this environment but should include stock (RSUs) at VP level.
Asset mgmt. and across various asset classes
I would say 175k-250k base with an all in cash between 350k and 450k. You should probably ask for some sort of equity on top, but if you arent planning on staying might not actually matter to you.
Lol this seems really generous unless it’s SL Green or something. Equity REIT pay seems to suck for some reason
How many years of experience? I'd definitely think $200k+ for a VP role in NYC is reasonable, if not a bit low. Definitely try to get some additional "equity" comp (I don't know if REITs can do anything other than RSUs, but something in that realm).
I'd echo what the other guy said about the $175k - $250k base.
Based on a few other comps I've seen I'd guess 25% cash bonus target, plus 25-50% time-based units - usually I see these vest ratably over three years.
Very interested in what others think - not a lot of comps for REIT pay out there.
anyone have Nareit comp survey?
I do not have it but I would absolutely be willing to crowdsource it. It's like $3,000 for somebody who is an individual member (I am not) which is insane, but if we got like 30 people to chip in it would be $100 a person which I'd be totally down for
bump ill throw in as well
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