I'm in multifamily acquisitions and development and have 10 years experience with a relatively successful track record. I've spent most of my career thus far jumping from small shop to small shop gaining incremental comp but now have a potential career junction point and am considering the shift from a small-cap to large-cap firm..think RMR, MAA, Lincoln, Equity Residential, Kolter, Wood, etc...I am fairly clear on what comp range should be at smaller firms in the acquisition/development space for 10-15 years exp at VP/SVP level ($200-300k base + per transaction bonus + per deal participation) but am unsure how this specifically looks at the larger shops. Can anyone provide some clarity?
Trending Content - Real Estate Forum
Career Resources
Based on the most helpful WSO content, VP/SVP compensation at larger national CRE operators can vary but tends to align with the following structure:
Larger firms like RMR, MAA, and Equity Residential may also provide additional benefits such as relocation packages, enhanced retirement contributions, and other perks that smaller firms might not offer. While the base and bonus structure might not differ drastically, the upside potential from equity or carry is often more limited in these larger, institutional settings.
Sources: What is your compensation in Real Estate Finance?, Life at Mega Developers, Career Path in Commercial Real Estate, How many of us are making over $250k?, Working in Development Post College - when do you start making money?
Very wide range dependent on firm due to promote / long term incentive but I’ve seen it range between $350k - $650k all in cash comp. I’m currently at the high end of comp plus 1.5% - 2% of fund.
Thanks for the insight. Could you share your YoE and market? That’s a pretty wide range for cash comp and I’m sure the balance between base and bonus will be a substantial point of negotiation.
Thanks!
Numquam culpa quae vel blanditiis laborum temporibus libero. Ab ullam nam incidunt nulla. Nihil blanditiis voluptatem voluptatum accusamus.
Est corrupti reprehenderit eos. Voluptatem modi tenetur rem ea ab incidunt perferendis. Est voluptates modi ut voluptates deleniti.
Rerum nulla ab voluptatem explicabo quas quae sit est. Architecto optio aut et odit ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...