Description

The NAREIM Virtual Exchange Series is a set of interactive discussions by members for members around timely operational topics and peer insights. 

Once registered, participants will receive an Outlook calendar invitation directly from NAREIM. ZOOM dial-in details will be shared one week prior to the meeting.

This meeting will not be recorded.

Note: Meeting participation is open exclusively to individuals at NAREIM Investment Manager member firms who belong to our Executive Officer and Talent Management functional groups.

DETAILS

Wednesday, November 11
Location: ZOOM Link
Time: 2:00pm - 3:15pm EST

AGENDA

2:00pm: Welcome Comments

• Chair: Vadim Blikshteyn, Managing Partner & Chief Financial Officer, Torchlight Investors
• Co-Chair: Crystal Frey, Executive Vice President of People, Culture & Brand, Continental Realty Corporation

2:05pm: Year-End Compensation & Carried Interest Trends
A presentation by Ferguson Partners will review real-time year-end compensation and carried interest trends and retention strategies - with a forward look at potential 2027 trends.

Speakers:

• Scott McIntosh, Senior Director, Compensation Consulting, Ferguson Partners
• Charlie Apfelbach, Managing Director, Compensation Consulting, Ferguson Partners

2:20pm: What Are You Seeing?
Whole-room Q&A, supported by live polling, provides attendees with the opportunity to share ideas and solutions, and ask detailed questions of peers. 

Polling & discussion will address:

• How are real estate investment management firms approaching base salaries, both including and excluding promotions?
• How are firms approaching budgeting for promotions?
• How are firms changing their cash bonus pools relative to last year & what percentage of the targeted cash bonus pool do firms expect to pay out?
• Will allocations of carried interest awards for upcoming or newly raised funds among departments be materially different compared to prior vehicles?
• Will allocations of carried interest awards for upcoming or newly raised funds among personnel be materially different compared to prior vehicles?
• Aside from carried interest, what other tools are firms using to retain talent?

3:15pm: Virtual Adjourns

COMMITTEE 

Chair: Vadim Blikshteyn, Torchlight Investors
Co-Chair: Crystal Frey, Continental Realty Corporation

Lauren O'Neil, AEW Capital Management
Ravi Ragnauth, Berkshire Residential Investments
Jim Strezewski, Blue Vista Capital Management
Kara Brown, Cabot Properties
Jenna Braddy, Greystar
Illeanne Rukes, Rialto Capital