Proprietary research providing compensation of real estate investment managers. The report covers more than 400 pages of individual position compensation reports, including, but not limited to, functions within:

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• Positions reported on include: 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.

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NAREIM members can access the executive summary here.

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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:

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• 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.

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All NAREIM and DCREC members participating in the Survey can access results.

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To access the executive summary, click here.

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. Produced by NAREIM and Ferguson Partners, the GMS Survey provides a global and regional overview of enterprise metrics. The report covers more than 65 individual data points, including, but not limited to:

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• Revenue: Capital raising and net and gross AUM growth year-over-year, new commitment trends, investor concentration ratios, use of daily-valued private RE vehicles, dry powder and subs lines, leverage use, acquisition & disposition volumes and revenues.

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• Organizational Metrics: Headcount growth, employees per $1bn AUM, employee breakdowns per function, per function and seniority, including portfolio management, asset management and acquisitions. Span of controls, turnover and layoffs, valuation policies, functional group trends - ESG, Data Strategy, Asset Management​ and more.

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• Financial Metrics: YOY financial performance, EBITDA (pre- and post-bonus) margins, bonus pools, revenue and expense breakdowns, treatment of fund-level expenses.

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• Fund/Account T&Cs: Target returns, asset management fees, acquisition & disposition fees, fee prevalence, promote/carried interest trends, promote catch-ups, GP co-investments, fund employees.

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• Governance: Composition of executive committees, board of directors, management committees and investment committees; IC deal flow, voting and decision trends; SEC registration and audit frequency.

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NAREIM members can access the executive summary here.

The Global Real Estate DEI Survey is the only corporate benchmark for diversity, equity and inclusion metrics and management best practices for the whole of the CRE and sponsored by 16 leading CRE associations, including:

• AFIRE; AIA (American Institute of Architects); APREA (Asia Pacific Real Assets Association); AREF (Association of Real Estate Funds); BPF (British Property Federation); Corenet; CREFC; EPRA (European Public Real Estate Association); NAREIM; NCREIF; OSCRE; PFA (Property Funds Association of Australia); PREA; REALPAC; RICS and ULI

 

The DEI Survey provides corporate benchmarking of gender, ethnicity and nationality globally for CRE with deeper industry comparisons for real estate investment management. The report covers more than 140 pages of individual data points, including, but not limited to:

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• Employee Demographics: Gender, ethnicity and nationality breakdowns by seniority and job functions, for real estate investment management and the wider CRE supply chain, across North America, Europe and Asia. 

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• Best Practice Metrics: Practices 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.

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To access the executive summary, click here.