Hey guys, need some help on a salary re-negotiation.
Little background of the firm: Small firm, Persian family (think under 5 employees), deals under 10mm are usually just funded by the principal, but can syndicate for bigger deals without a problem. Family is related to a bunch of the other Persian players in NYC real estate. Deal flow and deal size is definitely increasing.
Little background of me: Just under about a year of experience in the industry. Some of my role includes underwriting, sourcing new acquisitions and "active asset management". What i mean by active asset management is a little mix of assisting with property management, tenant relations, construction management. As I have been working here I have been gradually been getting more and more responsibility.
Definitely getting my feet wet in a lot of areas of the business and the learning curve has been great. The salary for the first few months was meant to be lower as it was almost like an "internship", but the goal was after a few months to renegotiate the salary to market rate.
Wanted to see what you guys thought was market rate for a base and bonus, and maybe other incentives like ability to co-invest, potentially get a small percentage of acquisition fee if deal is syndicated.
All advice is very appreciated. Feel free to ask questions. Thanks!