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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.

2009 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 $598,200 $443,400 104.1% 86.3%
President $562,900 $410,200 97.9% 71.3%
Chief Operating Officer/COO $461,900 $340,200 76.0% 57.1%
Chief Investment Officer $468,200 $362,200 100.5% 76.3%
CFO/Top Finance Executive $349,500 $261,800 67.1% 56.2%
Corporate  
Top Business Development Executive $284,900 $204,100 70.9% 48.6%
Regional Business Development Officer $248,500 $158,000 47.7% 27.7%
Top Human Resources Executive $169,600 $122,600 33.4% 26.2%
Human Resources Manager $ 99,200 $ 81,200 16.3% 12.1%
Human Resources Generalist $ 64,000 $ 52,400 11.8% 6.8%
Payroll Manager/Specialist $ 74,300 $ 56,300 12.0% 8.3%
Benefits Manager/Specialist $ 74,300 $ 62,400 12.1% 10.4%
General Counsel $322,900 $256,300 52.5% 45.7%
Top MIS Executive/IT Director $174,700 $131,100 27.1% 22.4%
Network Administrator $ 89,900 $ 76,000 11.7% 9.2%
Corp. Comm./Investor Relations Exec $181,300 $140,200 40.8% 23.5%
Research Director $150,200 $104,500 30.2% 20.0%
Training Director/Manager $113,000 $ 89,500 19.0% 14.8%
Accounting/Finance  
Finance Director/Manager $201,700 $146,600 32.5% 26.4%
Treasurer $195,200 $132,600 28.1% 23.1%
Head of Risk Management $145,700 $116,900 25.8% 20.0%
Controller $153,800 $113,000 27.1% 18.8%
Accounting Manager $ 94,800 $ 83,900 15.7% 12.3%
Accounting Supervisor $ 84,500 $ 73,300 14.0% 9.1%
Senior Accountant $ 70,000 $ 63,200 12.6% 7.3%
Accountant $ 55,100 $ 48,300 9.2% 5.6%
Property Accountant - Senior $ 69,200 $ 62,000 11.7% 8.3%
Property Accountant $ 58,200 $ 49,000 9.7% 6.1%
Financial Analyst $ 86,500 $ 70,900 14.0% 11.0%
Tax Manager $139,300 $109,600 20.2% 13.4%
Office/Industrial Positions
Executive  
Top Division Executive $283,000 $229,400 75.8% 60.0%
Top Regional Executive $276,400 $202,300 61.6% 51.5%
Acquisitions  
Top Acquisitions Executive $233,700 $185,600 57.1% 40.0%
Acquisitions Associate $118,100 $ 95,400 31.4% 20.0%
Asset Mgmt.  
Top Asset Management Executive $238,000 $187,300 45.5% 37.2%
Portfolio Manager $136,800 $108,500 28.1% 23.0%
Senior Asset Manager $130,400 $110,900 35.2% 18.8%
Asset Manager $115,900 $ 87,500 26.1% 14.0%
Property Mgmt.  
Top Property Management Executive $214,500 $155,900 38.7% 30.1%
Regional Property Manager $132,500 $109,300 35.8% 22.1%
Senior Property Manager $104,100 $ 92,300 14.8% 11.5%
Property Manager (<500,000 sq.ft.) $ 84,600 $ 69,300 15.2% 9.0%
Property Manager (500,001-1M sq.ft.) $104,600 $ 79,500 17.9% 10.8%
Property Manager (>1,000,000 sq.ft.) $143,700 $105,900 24.1% 10.1%
Assistant Manager $ 55,200 $ 48,000 11.2% 7.7%
Corporate Facility Manager $111,000 $ 83,700 16.4% 14.8%
Top Facility Security Manager $117,400 $ 82,500 18.0% 14.0%
Operations Manager $101,500 $ 78,000 16.5% 11.0%
Regional Portfolio Engineer $119,800 $ 92,000 25.1% 19.5%
Maintenance Supervisor $ 78,600 $ 63,900 9.3% 6.2%
Maintenance Engineer $ 52,600 $ 44,000 11.8% 8.0%
Leasing  
Top Leasing Executive $195,100 $158,200 79.7% 40.0%
Senior Leasing Executive $151,600 $109,900 65.4% 29.4%
Typical Leasing Agent $ 99,300 $ 62,200 53.2% 20.5%
Project Mgmt.  
Development Executive $242,700 $190,900 52.5% 38.0%
Development Manager $155,400 $112,600 28.7% 21.5%
Project Manager $126,600 $103,100 24.0% 16.0%
Project Analyst $ 86,300 $ 65,800 30.1% 18.1%
Construction Executive $179,900 $142,500 38.0% 25.0%
Construction Manager $126,000 $103,900 19.1% 14.2%
Construction Onsite Manager $100,700 $ 80,800 14.4% 9.3%
Residential Positions
Executive  
Top Division Executive $295,700 $222,700 64.0% 49.5%
Top Regional Executive $293,700 $222,900 57.4% 48.5%
Acquisitions  
Top Acquisitions Executive $242,000 $190,600 67.0% 46.0%
Acquisitions Associate $101,000 $ 83,800 40.2% 22.0%
Asset Mgmt.  
Top Asset Management Executive $197,300 $158,200 45.5% 29.5%
Portfolio Manager $150,400 $126,200 22.9% 15.3%
Senior Asset Manager $140,100 $112,100 27.7% 18.5%
Asset Manager $108,500 $ 88,700 18.8% 11.0%
Property Mgmt.  
Top Property Mgmt. Executive $231,200 $168,600 43.5% 36.0%
Regional Vice President $163,900 $138,300 30.3% 21.0%
Regional Property Manager $ 99,500 $ 87,700 32.7% 18.0%
District Manager $ 86,700 $ 78,200 17.9% 12.5%
Senior Property Manager $ 83,500 $ 70,600 17.5% 11.5%
On-Site Community Mgr (<300 units) $ 53,800 $ 44,700 14.4% 9.3%
On-Site Community Mgr (>300 units) $ 64,700 $ 57,600 15.0% 10.1%
Assistant Manager $ 40,100 $ 33,500 10.6% 6.4%
Maintenance Supervisor $ 50,400 $ 44,800 9.3% 5.6%
Maintenance Engineer $ 36,800 $ 31,900 7.7% 4.5%
Leasing  
Typical Leasing Representative $ 34,100 $ 27,000 13.9% 7.9%
Project Mgmt.  
Development Executive $252,900 $195,600 50.1% 38.0%
Development Manager $158,800 $126,100 35.7% 21.5%
Project Manager $118,500 $102,700 26.0% 14.9%
Project Analyst $ 78,300 $ 67,000 21.0% 12.1%
Construction Executive $220,900 $154,600 44.4% 31.5%
Construction Manager $128,900 $ 88,000 18.0% 12.0%
Construction Onsite Manager $111,900 $ 83,500 15.9% 9.6%
Retail Positions
Executive  
Top Division Executive $377,600 $265,400 68.1% 55.2%
Top Regional Executive $325,100 $250,600 56.5% 47.4%
Acquisitions  
Top Acquisitions Executive $271,200 $204,500 54.0% 35.3%
Acquisitions Associate $134,300 $ 99,300 40.7% 30.2%
Asset Mgmt.  
Top Asset Management Executive $286,500 $218,300 51.8% 40.0%
Portfolio Manager $171,500 $149,700 46.5% 32.0%
Senior Asset Manager $186,200 $127,800 37.0% 27.2%
Asset Manager $144,200 $115,100 19.7% 15.0%
Property Mgmt.  
Top Property Management Executive $205,900 $163,600 38.0% 28.0%
Regional Property Manager $156,500 $139,200 33.0% 24.0%
Senior Property Manager $120,600 $ 90,800 17.0% 11.5%
Property Mgr (<300,000 sq.ft.) $ 82,100 $ 72,700 14.6% 6.9%
Property Mgr (300,001-500,000 sq.ft.) $ 90,100 $ 73,500 14.0% 9.8%
Property Mgr (500,001-750,000 sq.ft.) $120,700 $ 84,800 16.0% 11.0%
Assistant Manager $ 58,000 $ 48,300 11.4% 7.2%
Mall Manager (>750,000 sq.ft.) $149,200 $103,300 27.6% 16.7%
Marketing Manager $ 92,100 $ 70,500 16.6% 10.2%
Regional/Portfolio Engineer $159,900 $132,600 20.9% 15.0%
Maintenance Supervisor $ 68,500 $ 62,400 12.7% 8.0%
Maintenance Engineer $ 46,000 $ 37,200 7.3% 4.8%
Leasing  
Top Leasing Executive $274,400 $208,500 58.5% 38.5%
Senior Leasing Executive $174,700 $146,000 41.0% 21.2%
Typical Leasing Agent $120,900 $ 88,900 28.6% 14.5%
Project Mgmt.  
Development Executive $316,800 $248,500 60.0% 36.4%
Development Manager $140,900 $116,900 30.6% 18.0%
Project Manager $146,000 $108,900 31.3% 12.2%
Project Analyst $103,200 $ 65,100 23.5% 13.6%
Construction Executive $227,200 $176,300 30.1% 21.5%
Construction Manager $128,100 $103,100 17.1% 10.0%
Construction Onsite Manager $ 92,800 $ 80,000 15.0% 7.3%
(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 1Q 2009.

CEL & Associates, Inc. / CEL Compensation Advisors, LLC ©2009 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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