RE Asset Management vs. Acquisitions

I've seen a few discussions on this topic already, but most are outdated. I'm curious in Real Estate, whether commercial or a large multi-family owner (EQ, GID, etc), which typically pays more between asset management and acquisitions, starting from the analyst going all the way to an EVP etc.

I've seen a few reports published by Rhodes Associates and CEL discussing this topic, and they are very different based off the numbers. But both are showing that the compensation between AM and ACQ are fairly similar, if not higher for AM.

Curious to hear some of your thoughts on this topic and to hear about any insight. Below are the studies that I am referencing....(Won't let me post links since im new to the forum, but if you search these in google you will find both PDFs easily)

Rhodes Associates 2016 Compensation Study

CEL AssociatesInc NationalRE Compensation Survey Results

Real Estate Modeling Course

  • Real-life RE Modeling Tests from actual Interviews
  • Various asset classes including multi-family, commercial and more
  • Huge discount - until more tests and cases added

Comments (7)

Mar 9, 2019 - 10:50pm

agreed. salary wise I buy high office AM > acquisitions. but remember for development/acq you have deal carry, production bonus, etc... AM is typically straight salary. Always wondered if/why some shops don't offer incentive fees or management fee sharing ... the same way that developers are compensated more if it is a successfully returning deal.

Mar 11, 2019 - 8:38am

Interesting, how about for Multifamily? Say a firm that has over $5B AUM, and primarily goes the route of buying Class B (Rather than brand new Class A easy to manage product) and having AM handle all renovations and upgrades as well as dispositions. Can't get a read on what the end game total comp would be....

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Start Discussion

Total Avg Compensation

July 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (36) $363
  • Associates (210) $232
  • 2nd Year Analyst (121) $152
  • 3rd+ Year Analyst (28) $146
  • Intern/Summer Associate (102) $144
  • 1st Year Analyst (449) $132
  • Intern/Summer Analyst (358) $82