Multi-Family Developer Associate/Acquisitions Compensation

Hello everyone,

Wanted to get some color on market comps. Have ~2 years of capital markets experience at a bank then made a move to a real estate multifamily developer in NYC. Hitting the 1 year mark, trying to get a better sense of market compensation.

Leanly staffed milt-family development firm. Backed by private equity. Vertically integrated….development, manage, own.

Role:
-Identify new developments, market research, financial analysis, modeling, putting together pro-formas, etc
-basically find a couple deals a year for development

Performance: Been told I have been exceeding expectations.

Can someone help me with some market data?

My understanding of the range….

Salary: 70k -100k
Bonus: 25%+ of salary
All in compensation: ~90k+

Thank you in advance for your time and assistance.

 

I don't think so. Although I don't have close friends in RE acquisitions to compare. To give a bit more color on my bonus; I'm one of eight guys between leasing and finance that runs a family real estate fund. My bonus is a certain percentage of a total bonus pool which is formulated from growth in performance of the portfolio. So it’s not really as discretionary as some other companies can be.

At the same time my base is (I think) lower than most of my peers.

 

I'm almost 3 yrs out of undergrad and work in the investment arm at a REIT. My comp is in that range, but I am also in the southwest where the cost of living is 20% less.

Just out of curiosity, are you working on primarily development or acquisition deals? How involved are you in the development process from the initial LOI to CO?

 

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