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I n c l u d e s Data on Benefits & Board of Directors
REALpac 2012
Canadian Real Estate CompensationSurvey
• Responses from 41 publicly traded and private real estate companies
• Detailed compensation information for 155 positions
• Segment comparisons available for all positions (asset classification, geographic location, number of employees)
For more information, please contact Carolyn Lane at [email protected], 416.642.2700 x223
Position categories include:
• Executive Management• Senior Management• Corporate Services• Architecture, Engineering
& Environment• Asset Management
• Building Operations/Facilities Management
• Development• Investments• Leasing & Administration• Portfolio Management
• Project Management• Promotions• Property Accounting• Property Tax• Security• Tenant Services• Transactions
REALpac 2012 Canadian Real Estate Compensation Survey
REALpac is pleased to present the 2012 Canadian Real Estate Compensation Survey. Sponsored by REALpac and conducted by FPL Associates L.P., this survey is designed to provide real estate companies, including real estate investment trusts, publicly traded and large private companies, banks, brokerages, crown corporations, investment dealers, life companies, lenders, and pension funds, with competitive compensation levels and current information regarding the design, features, and administration of compensation programs. In addition, this year’s survey requested information on benefits and Board of Directors compensation.
In particular, this survey provides information for three major facets of compensation for 155 positions commonly found in real estate organizations: •Basesalary(2012) •Annualincentiveawardvalue(forcalendar/fiscalyear2011) •Long-termincentiveawardvalue(forcalendar/fiscalyear2011)
This survey includes an extensive discussion on compensation trends within the real estate industry and the broader marketplace, including corporate governance. This survey also provides data on anticipated changes in compensation program design going forward. We are pleased that this year’s survey included 41 participating organizations, reflecting a record high participation rate.
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REALpac 2012
Canadian Real Estate Compensation Survey
Survey Participants
Allied Properties REIT
Artis REIT
Aspen Properties Ltd.
Baybridge Seniors Housing Inc.
Bentall Kennedy Group
Boardwalk Rental Communities
Brookfield Canada Office Properties
Cadillac Fairview Corporation Ltd., The
Calloway REIT
Canderel
CB Richard Ellis Limited
Colliers International Inc.
CREIT Management L.P.
Crombie REIT
Dundee Realty Management Corporation
EPIC Realty Partners, Inc.
Fengate Capital Management Ltd.
First Capital Realty, Inc.
Grosvenor Canada Limited
GWL Realty Advisors
H&R REIT
IGRI Advisors, Inc.
Investors Group Inc.
Ivanhoe Cambridge
KEYreit
Manulife Financial
MCAP Commercial LP
Melcor Developments
Menkes Development Ltd
Minto Group, The
Morguard Corporation
Northern Property REIT
OPTrust
Oxford Properties Group Inc.
Pure Industrial Real Estate Trust
RBC Capital Markets Real Estate Group
Redcliff Realty Advisors Inc.
RioCan REIT
Scotiabank
Seasons Communities
Timbercreek Asset Management, Inc.
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Below are the 41 companies that participated in the survey:
REALpac 2012 Canadian Real Estate Compensation Survey
Segmented compensation data tablesAvailable for the following 155 positions:
Executive ManagementChief ExecutiveOfficer/PresidentChief Operating OfficerChief Financial OfficerChief Accounting OfficerGeneral CounselChief Information OfficerChief Investment Officer
Senior ManagementExecutive/SeniorVice-PresidentDivision or Subsidiary PresidentRegional/BusinessUnitManagerHead of Internal AuditHead of Human ResourcesCorporate ControllerCorporate TreasurerHeadof NewBusiness/Development
Corporate Services – AccountingDivision ControllerAssistant ControllerAccounting ManagerSenior AccountantStaff AccountantAccounting ClerkAccountsReceivable/AccountsPayableSupervisorAccountsReceivable/AccountsPayableProfessionalJuniorAccountsReceivable/Accounts Payable Professional
Corporate Services – AdministrationOffice ManagerExecutiveAssistantI(C-Suite)ExecutiveAssistantII(Non-C-Suite)Administrative AssistantReceptionist
Corporate Services – Audit and TaxInternal AuditorSenior Corporate Tax ExecutiveTax ProfessionalDirector of Financial Reporting
Corporate Services – CommunicationsHeadof Investor/PublicRelationsCommunications Professional
Corporate Services – Customer ServiceCustomer Service SupervisorCustomer Service Representative
Corporate Services – FinanceVP,FinanceMid-LevelFinanceProfessionalFinancial Analyst
Corporate Services – LegalSenior Legal CounselStaff LawyerSenior ParalegalParalegal
Corporate Services – Human ResourcesHuman Resources DirectorHuman Resources ManagerHuman Resources GeneralistHuman Resources CoordinatorTraining & Development ProfessionalRecruitment ProfessionalCompensation & Benefits ProfessionalJunior Compensation & Benefits Professional
Corporate Services – MarketingHead of MarketingSenior-LevelMarketingProfessionalMid-LevelMarketingProfessionalJunior-LevelMarketingProfessionalSocial Media Professional
Corporate Services – Payroll Payroll ManagerPayroll SupervisorPayroll AdministratorPayroll Specialist
Corporate Services – PurchasingPurchaser/Buyer
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REALpac 2012 Canadian Real Estate Compensation Survey
Segmented compensation data tablesAvailable for the following 155 positions:
Continued...
Corporate Services – Marketing Head of MarketingSenior-LevelMarketingProfessionalMid-LevelMarketingProfessionalJunior-LevelMarketingProfessionalSocial Media Professional
Corporate Services – Payroll Payroll ManagerPayroll SupervisorPayroll AdministratorPayroll Specialist
Corporate Services – Purchasing Purchaser/Buyer
Corporate Services – Risk Management Head of Risk ManagementSenior-LevelRiskManagementMid-LevelRiskManagementJunior-LevelRiskManagementClaims Analyst
Corporate Services – Technology Information Technology DirectorSystems DirectorSystems Manager Systems Administrator Technical Support ManagerTechnical Support SpecialistHelp Desk Professional
Real Estate – Architecture, Engineering & EnvironmentChief Architect/DesignerChief EngineerBuilding EngineerArchitecturalTechnician/DesignerEnvironmental SpecialistCorporate & Social Responsibility LeaderCorporate & Social Responsibility Professional
Real Estate – Asset Management Head of Asset ManagementSenior-LevelAssetManagementProfessionalMid-LevelAssetManagementProfessionalAssociate-AssetManagementAnalyst – Asset Management
Real Estate – Building Ops/Facilities Mgmt Top Facilities Management ProfessionalHeadof BuildingOps./FacilitiesMgmt.Senior-LevelBuildingOps./FacilitiesMgmt.ProfessionalMid-LevelBuildingOps./FacilitiesMgmt.ProfessionalBuilding Operations SupervisorBuilding/MaintenanceOperatorIBuilding/MaintenanceOperatorIIBuilding SuperintendentGeneralFacilities/MaintenanceEmployeeIGeneralFacilities/MaintenanceEmployeeIIGeneralFacilities/CustodialEmployee
Real Estate – Development Head of DevelopmentSenior-LevelDevelopmentProfessionalMid-LevelDevelopmentProfessionalJunior-LevelDevelopmentProfessional
Real Estate – Investments Senior-LevelInvestmentProfessionalMid-LevelInvestmentProfessionalJunior-LevelInvestmentProfessional
Real Estate – Leasing and Administration Head of LeasingSenior-LevelLeasingProfessionalMid-LevelLeasingProfessionalJunior-LevelLeasingProfessionalManager of Lease AdministrationSpecialty LeasingLease Administrator
Real Estate – Portfolio Management Head of Portfolio ManagementSenior-LevelPortfolioManagementProfessionalMid-LevelPortfolioManagementProfessionalJunior-LevelPortfolioManagementProfessional
Real Estate – Project Management Head of ConstructionSenior-LevelConstruction/ProjectManagerMid-LevelConstruction/ProjectManagerProjectCoordinatorTenantProjectManagerConstruction Estimator
Real Estate – Promotions Marketing/PromotionsDirectorMarketing/PromotionsManager
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REALpac 2012 Canadian Real Estate Compensation Survey
Segmented compensation data tablesAvailable for the following 155 positions:
Continued...
Real Estate – Property Accounting Property ControllerProperty Accounting ManagerSenior-LevelPropertyAccountantProperty AccountantJunior-LevelPropertyAccountantRevenue Coordinator
Revenue Coordinator Real Estate – Property Management Head of Property ManagementSenior-LevelPropertyManagementProfessional(Sq.Ft.Over1.5M)Mid-LevelPropertyManagementProfessional(Sq.Ft.1-1.5M)SeniorPropertyManager(Sq.Ft.500,000-1M)PropertyManager(Sq.Ft.Upto500,000)Assistant Property ManagerProperty Administrator
Real Estate – Property Tax Head of Property TaxManager of Tax AdministrationProperty Tax ProfessionalProperty Tax Coordinator
Real Estate – Security Security DirectorSecurity&Life/SafetyManagerSecurity&Life/SafetySupervisorSecurity&Life/SafetyCoordinatorSecurity&Life/SafetyOfficerLocksmith
Real Estate Positions – Tenant Services Head of Tenant Client ServicesTenant Client Services ManagerTenant Client Services CoordinatorConciergeClient Services Professional
Real Estate – Transactions Head of TransactionsSenior-LevelTransactionsProfessionalMid-LevelTransactionsProfessionalJunior-LevelTransactionsProfessional
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REALpac 2012 Canadian Real Estate Compensation Survey
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Participant DemographicsParticipants represent a complete cross-section of the Canadian commercial real estate industry. You will be able to find comparative data that will help you to benchmark your organization’s compensation plans.
Chart 1 Total Revenues
Chart 2 Number of Full-Time Employees
Chart 3 Primary Property Focus
REALpac 2012 Canadian Real Estate Compensation Survey
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Sample Pages
The REALpac 2012 Canadian Real Estate Compensation Survey has been the leading source on total compensation and benefits since 2006. The visibility and insight delivered by this survey is unparalleled in Canada. You will receive data from the survey representing many types and sizes of companies, enabling you to compare and contrast your programs with those of your peers.
The 2012 Canadian Real Estate Compensation Survey includes approximately 300 tables on compensation within the real estate investment industry. No other source provides this depth and breadth of research.
REALpac 2012 Canadian Real Estate Compensation Survey
Sample
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