Compensation retrospective for 1992

Article Abstract:

The compensation of real estate industry executives was poor in 1992, with the exception of the executives of homebuilders and residential mortgage banks. In 1993, executive compensation levels should increase for executives in commercial real estate firms. The compensation of residential mortgage bank executives will not increase as much as in 1992 because of the projected slowdown in mortgage volume due to higher interest rates and a slow economic recovery. Real estate industry executives can expect their cash compensation to increase as their firms make progress towards improving their profitability.

Economic aspects

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Executive compensation

Article Abstract:

The downturn in the real estate market has caused real estate development companies to pursue new directions and to reorganize their structures to facilitate the implementation of these strategies. The 1990s development company is run by three executives who report to a chief executive officer. Executive compensation is a combination of salary, bonus and equity. The decrease in current development projects has made equity participation less desirable, so higher cash compensation or phantom equity are sometimes substituted.

Subdividers and developers, not elsewhere classified, Real estate developers, Human resource management

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Review of 1991 and prospects for 1992

Article Abstract:

Real estate executives' compensation for 1991 decreased for many particularly for those in asset and property management. Trends for 1992 are expected to be comparable. Compensation for developers and brokers decreased as did that of commercial real estate lenders, financial intermediaries and architectural and consulting firm executives. Residential developers, mortgage bank executives and pension advisers were groups whose salaries remained competitive or increased slightly.

Analysis, Column, Compensation management

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