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National Real Estate Compensation & Benefits Survey - Current Summary Data

For over a decade, CEL & Associates, Inc. has compiled the nation's largest and most comprehensive survey of compensation within the real estate industry. Over 400 firms participate each year in CEL & Associates, Inc.'s National Real Estate Compensation Survey. Following this brief introduction are the summary results for this year's survey. It is important to remember that this data has been provided to CEL & Associates, Inc. from commercial, multifamily, homebuilding, property management, development, advisory and brokerage firms. This table is a compilation of all data from throughout the United States for small, medium and large public and private firms. For information on how to access more specific compensation data, please see our COMPare Reports section.

Since all of the data contained in this table was provided to us by the participating firms and/or from public documents, CEL & Associates, Inc. makes no representations as to the accuracy of the data. Because compensation is constantly changing, some data may have changed since it was provided to CEL & Associates, Inc.

For more information on CEL & Associates, Inc.'s National Real Estate Compensation Survey, how to become a participant and/or how to purchase the complete survey results including various geographic and specialty sorts, please use the links found here, or call us at 310.571.3113.

2007 REAL ESTATE COMPENSATION SURVEY
All Companies - Consolidated Results
Position Base Salary
Range (1) 		Potential
Bonus
as % of Salary 		Actual
Bonus
as % of Salary (2)
High Median Average Average
Corporate Positions
Executive  
Chief Executive Officer $536,400 $373,700 103.0% 125.8%
President $520,700 $368,300 97.3% 113.6%
Chief Operating Officer/COO $427,300 $319,100 71.0% 74.5%
Chief Investment Officer $433,000 $339,900 100.9% 122.0%
CFO/Top Finance Executive $291,100 $209,400 58.6% 66.6%
Corporate  
Top Business Development Executive $267,800 $194,400 71.1% 64.1%
Regional Business Development Officer $233,700 $145,000 48.2% 55.8%
Top Human Resources Executive $137,900 $109,500 25.1% 29.0%
Human Resources Manager $ 87,200 $ 72,800 14.9% 15.2%
Human Resources Generalist $ 60,300 $ 49,800 10.9% 7.4%
Payroll Manager/Specialist $ 69,900 $ 49,700 11.4% 10.5%
Benefits Manager/Specialist $ 69,900 $ 56,900 9.0% 8.8%
General Counsel $303,800 $236,000 57.7% 64.5%
Top MIS Executive/IT Director $146,300 $111,200 24.6% 24.9%
Network Administrator $ 81,900 $ 64,900 10.4% 10.9%
Corp. Comm./Investor Relations Exec $170,400 $133,500 40.8% 35.2%
Research Director $141,300 $ 99,500 24.4% 25.1%
Training Director/Manager $106,300 $ 81,800 17.1% 14.7%
Accounting/Finance  
Finance Director/Manager $190,200 $131,100 33.1% 36.2%
Treasurer $165,300 $107,900 20.2% 24.6%
Head of Risk Management $127,300 $100,200 20.1% 23.3%
Controller $145,000 $107,700 27.1% 28.0%
Accounting Manager $ 87,200 $ 76,900 15.3% 18.3%
Accounting Supervisor $ 79,700 $ 69,800 12.7% 12.1%
Senior Accountant $ 66,100 $ 59,500 13.3% 12.6%
Accountant $ 51,900 $ 45,100 9.2% 9.8%
Property Accountant - Senior $ 65,200 $ 59,000 10.5% 10.8%
Property Accountant $ 52,700 $ 46,600 7.8% 7.4%
Financial Analyst $ 82,300 $ 64,100 12.9% 18.4%
Tax Manager $115,100 $ 90,700 17.0% 17.0%
Office/Industrial Positions
Executive  
Top Division Executive $261,800 $210,800 74.8% 81.0%
Top Regional Executive $242,000 $189,800 60.9% 62.9%
Acquisitions  
Top Acquisitions Executive $219,800 $177,100 57.4% 51.3%
Acquisitions Associate $111,100 $ 91,100 31.1% 32.6%
Asset Mgmt.  
Top Asset Management Executive $221,700 $177,300 54.8% 52.2%
Portfolio Manager $121,000 $ 90,500 27.3% 27.3%
Senior Asset Manager $121,400 $105,100 32.6% 28.9%
Asset Manager $100,400 $ 82,900 26.6% 30.2%
Property Mgmt.  
Top Property Management Executive $201,600 $143,900 36.1% 34.0%
Regional Property Manager $124,600 $104,100 35.6% 37.3%
Senior Property Manager $ 96,500 $ 87,900 14.8% 15.1%
Property Manager (<500,000 sq.ft.) $ 79,600 $ 66,000 13.8% 11.7%
Property Manager (500,001-1M sq.ft.) $ 98,400 $ 75,600 16.0% 15.3%
Property Manager (>1,000,000 sq.ft.) $135,200 $100,800 23.2% 19.9%
Assistant Manager $ 51,900 $ 45,700 8.0% 7.3%
Corporate Facility Manager $ 97,200 $ 73,100 16.5% 18.4%
Top Facility Security Manager $ 74,000 $ 63,600 10.6% 12.4%
Operations Manager $ 95,500 $ 74,200 15.7% 15.4%
Regional Portfolio Engineer $112,700 $ 80,600 25.3% 27.6%
Maintenance Supervisor $ 74,000 $ 60,800 9.2% 9.0%
Maintenance Engineer $ 45,000 $ 39,500 6.6% 7.3%
Leasing  
Top Leasing Executive $183,500 $151,000 80.3% 78.3%
Senior Leasing Executive $118,600 $ 96,000 66.7% 67.4%
Typical Leasing Agent $ 93,300 $ 59,300 51.7% 43.9%
Project Mgmt.  
Development Executive $225,000 $180,800 52.6% 50.9%
Development Manager $145,500 $106,700 26.0% 31.8%
Project Manager $118,500 $ 97,700 23.1% 22.0%
Project Analyst $ 80,800 $ 62,300 26.6% 29.1%
Construction Executive $146,700 $123,300 38.4% 37.7%
Construction Manager $108,900 $ 85,800 14.8% 17.9%
Construction Onsite Manager $ 83,500 $ 74,400 14.6% 16.1%
Residential Positions
Executive  
Top Division Executive $262,900 $209,000 61.9% 58.8%
Top Regional Executive $239,400 $180,600 56.3% 61.0%
Acquisitions  
Top Acquisitions Executive $227,600 $170,200 68.8% 63.9%
Acquisitions Associate $ 93,800 $ 76,800 33.0% 29.1%
Asset Mgmt.  
Top Asset Management Executive $183,800 $149,800 44.1% 43.8%
Portfolio Manager $115,500 $ 88,800 21.9% 23.8%
Senior Asset Manager $130,500 $107,600 21.6% 21.1%
Asset Manager $101,100 $ 84,000 18.5% 18.4%
Property Mgmt.  
Top Property Mgmt. Executive $217,400 $160,500 40.3% 37.3%
Regional Vice President $135,700 $106,400 28.6% 26.9%
Regional Property Manager $ 92,500 $ 80,600 22.7% 20.6%
District Manager $ 84,200 $ 76,800 18.0% 15.9%
Senior Property Manager $ 78,500 $ 65,300 17.3% 17.8%
On-Site Community Mgr (<300 units) $ 50,600 $ 42,500 14.4% 14.3%
On-Site Community Mgr (>300 units) $ 60,800 $ 54,800 14.8% 14.1%
Assistant Manager $ 37,700 $ 31,300 10.2% 10.0%
Maintenance Supervisor $ 46,900 $ 42,400 8.8% 8.6%
Maintenance Engineer $ 34,400 $ 30,400 7.6% 7.2%
Leasing  
Typical Leasing Representative $ 32,100 $ 25,600 13.6% 11.8%
Project Mgmt.  
Development Executive $236,700 $185,500 49.4% 44.4%
Development Manager $148,600 $111,700 23.6% 22.3%
Project Manager $111,000 $ 96,000 26.3% 29.2%
Project Analyst $ 73,300 $ 63,400 16.6% 19.4%
Construction Executive $209,500 $131,900 44.1% 42.9%
Construction Manager $110,500 $ 83,400 17.1% 16.3%
Construction Onsite Manager $ 89,900 $ 76,100 16.1% 16.2%
Retail Positions
Executive  
Top Division Executive $319,000 $233,200 78.8% 80.0%
Top Regional Executive $249,600 $166,100 67.2% 70.5%
Acquisitions  
Top Acquisitions Executive $247,800 $177,900 49.7% 46.3%
Acquisitions Associate $126,400 $ 78,800 37.5% 33.9%
Asset Mgmt.  
Top Asset Management Executive $267,000 $206,800 52.1% 51.2%
Portfolio Manager $159,700 $141,900 40.9% 39.9%
Senior Asset Manager $134,600 $115,300 32.3% 35.3%
Asset Manager $113,800 $100,600 24.8% 22.8%
Property Mgmt.  
Top Property Management Executive $193,600 $151,900 35.9% 36.5%
Regional Property Manager $147,100 $132,600 35.3% 44.3%
Senior Property Manager $ 96,600 $ 86,400 17.3% 17.1%
Property Mgr (<300,000 sq.ft.) $ 77,300 $ 69,200 14.8% 14.0%
Property Mgr (300,001-500,000 sq.ft.) $ 84,700 $ 70,100 12.8% 12.8%
Property Mgr (500,001-750,000 sq.ft.) $113,500 $ 80,800 15.4% 15.5%
Assistant Manager $ 54,600 $ 45,900 10.2% 9.3%
Mall Manager (>750,000 sq.ft.) $140,300 $ 98,300 27.1% 24.7%
Marketing Manager $ 86,600 $ 62,700 16.5% 14.0%
Regional/Portfolio Engineer $150,400 $126,200 20.3% 19.2%
Maintenance Supervisor $ 63,500 $ 52,800 12.9% 11.3%
Maintenance Engineer $ 43,200 $ 35,400 6.9% 6.2%
Leasing  
Top Leasing Executive $258,200 $178,000 58.2% 64.0%
Senior Leasing Executive $131,600 $107,000 40.4% 47.7%
Typical Leasing Agent $113,700 $ 80,700 29.2% 32.1%
Project Mgmt.  
Development Executive $296,400 $210,900 60.1% 56.7%
Development Manager $131,900 $110,700 26.9% 25.3%
Project Manager $137,900 $103,200 30.2% 27.3%
Project Analyst $ 80,100 $ 51,200 18.2% 16.0%
Construction Executive $193,400 $160,400 29.7% 29.8%
Construction Manager $116,200 $ 86,600 17.2% 19.2%
Construction Onsite Manager $ 86,800 $ 75,700 13.7% 16.6%
(1) High = 75th percentile, Median = 50th percentile
(2) CEL & Associates, Inc. has intentionally excluded salary and/or extraordinary annual bonus awards from this table in order to not distort the results.
Source: CEL & Associates, Inc. / CEL Compensation Advisors, LLC. Survey completed December, 2006.

CEL & Associates, Inc. / CEL Compensation Advisors, LLC ©2007 National Real Estate Compensation and Benefits Survey - All Rights Reserved.
Not to be referenced or reproduced without permission in writing:
CEL & Associates, Inc. / CEL Compensation Advisors, LLC, 12121 Wilshire Blvd., Suite 204, Los Angeles, CA 90025
Tel: 310.571.3113, Fax: 310.571.3117, E-mail: comp@celassociates.com
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