NAREIM and FPL Associates Begin Annual Compensation Survey for 2012
Chicago, IL – May 31, 2012– The National Association of Real Estate Investment Managers (NAREIM) and FPL Associates, LP (FPL) are pleased to announce the Launch of the 2012 Compensation Survey for Real Estate Investment Managers.
This comprehensive annual survey has been conducted in partnership by NAREIM and FPL for over 15 years and continues to provide a one-of-a-kind look into compensation practices within the real estate investment management industry. As always, companies that participate in the survey receive a free report of findings containing detailed data and results, and this year the compensation by position data will also be available to participants in a sortable electronic format. Exclusively offered to NAREIM members, the survey covers a variety of topics, including (among others):
- Year-over-year changes in compensation among REIM firms (data provided by component, department, and organization level)
- Compensation program design practices and features (across all components)
- Recent practices, changes, and trends in incentive plan designs (bonus plans, long-term plans, and promote/carried interest plans)
- Typical approaches for program terms and conditions (e.g., performance metrics, eligibility parameters, award vehicles, vesting schedules, treatment upon termination)
- Statistics for “market” pay levels for over 150 unique positions and dozens of departments commonly found at real estate investment management firms, with data provided for all major components of compensation (base salary, total annual cash compensation, long-term incentive, and total remuneration)
- Detailed breakouts of positional compensation levels by company size (in terms of assets under management and number of employees)
In 2011, participation in the survey remained strong as firms were eager to stay up-to-date on pay practices within the industry, especially in a “post-downturn” environment. Almost 50% of NAREIM member firms participated (significantly above the survey industry norm) representing over $400 billion in real estate assets.
For the 2012 survey, a number of positions were added to the survey and the survey job descriptions have been updated to help companies better classify their employees. NAREIM and FPL are committed to another successful survey and hope to surpass the record-breaking participation in recent years. The survey was launched in late May and responses are due in July.← 5 Questions About Property Level Auditing/Controls Our Stuff is Shrinking: What Will Happen to Our Real Estate? →