Research & Best practices
NAREIM is proud to partner with Ferguson Partners to produce benchmarking research into compensation and organizational and management metrics and best practices for real estate investment managers.
Each year, NAREIM produces four benchmarking surveys, including:
Real estate investment management’s only industry-specific Compensation Survey
A global management and organizational benchmark, the Global Management Survey - with additional regional analysis of North American and European metrics
The first corporate Diversity & Inclusion Survey for the industry - with additional regional analysis of North American and European metrics
A Defined Contribution capital raising, structuring and best practice benchmarking survey.
NAREIM benchmarking research is not for sale. Research is available to participating NAREIM members only.
Next issue released: October
Proprietary research providing compensation of real estate investment managers. The report covers more than 300 pages of individual position compensation reports, including, but not limited to, functions within:
Executive management, accounting (corporate, portfolio/fund, property), asset management, capital markets, corporate marketing and communications, due diligence, engineering, environmental, finance, human resources, investor relations, capital raising, leasing, legal and compliance, portfolio management, property management, risk management, technology, transactions, valuations, debt and REIT securities.
From 2022, the Compensation Survey will be produced in collaboration with INREV. All NAREIM and INREV members participating in the Compensation Survey from 2022 will be able to access North American and European analysis.
Next issue released: October
In collaboration with the Defined Contribution Real Estate Council (DCREC), the Defined Contribution Survey focuses on defined contribution capital raising, organizational and best practice benchmarking. The report includes but is not limited to:
Defined contribution capital raising volume and distribution strategies, enterprise metrics including staffing and organizational best practices, vehicle structuring and deep dives into product-specific metrics, such as investment strategy profiles and liquidity.
All NAREIM and DCREC members participating in the Survey can access results.
Next issue released: September
global management survey
Proprietary research benchmarking the organizational, financial and capital raising metrics of real estate investment managers, providing a global perspective as well as North American and European regional analysis. The report covers more than 65 individual data points, including, but not limited to:
Capital Raising and AUM: growth of net and gross AUM, total value of commitments, commitment growth YOY, capital raised as percentage of year-end AUM, investor concentration ratios.
Organizational Metrics: headcount growth, employees per $1bn AUM, employee breakdowns per function, per function and seniority, portfolio manager workloads (per account, psf, per GAV) acquisition officer workloads, asset manager workloads, outsourcing, average turnover, size and composition of executive committees and workloads and deal flows
Financial Metrics: YOY financial performance, EBITDA (pre- and post-bonus) margins, bonus pools, revenue and expense breakdowns.
From 2021, the Global Management Survey is being produced in collaboration with INREV. All NAREIM and INREV members participating in the Survey can access the global, North American and European analysis.
Next issue released: January
diversity & inclusion
The NAREIM Diversity & Inclusion Survey is the first corporate benchmark for diversity, equity and inclusion metrics and management best practices in real estate investment management. The report provides North American and European regional analyses and covers more than 44 pages of individual data points, including, but not limited to:
Gender and ethnicity composition by seniority and job functions
Best practice metrics relating to the implementation of DEI strategies and initiatives across investment management organizations, including issues relating to ownership and staffing, accountability, tracking and measurement, retention and recruitment, external partnerships and activities, pay equity and transparency.
From 2021, the Diversity & Inclusion Survey is being produced in collaboration with INREV. All NAREIM and INREV members participating in the Survey can access the global, North American and European analyses.