Covid impact is over for private real estate compensation. It is a case of going from headwind to tailwind when it comes to the forces impacting compensation in private real estate these days. Between 2019, when the first strains of covid-19 were detected in China, and today, as working amid a pan-demic normalizes around the world, pay in the industry has boomeranged.
Recruiting property debt specialists is becoming more expensive as market entrants hunt for talent, writes Daniel Cunningham - As more organisations have set up stall in Europe’s real estate lending market, competition to hire the industry’s debt specialists has intensified, leading to big-ger salaries and bonuses, the results of a sector-wide compensation survey show.
Compensation for infrastructure investment professionals is expected to stay flat, Serene Hamzawi, managing partner at recruitment and advisory firm Sousou Partners, told us in February 2020. That forecast was made before covid-19 was declared a pandemic and the world went into multiple lockdowns. Roughly a year later, Hamzawi and Sousou were proven right, and the industry showed resilience once again.
The most glaring thing you will see’ in this year’s joint research by PERE and recruitment search specialist Sousou Partners is instances of no bonuses being paid at private equity real estate firms. By Jonathan Brasse.
Alternative lenders staff up for the pandemic-induced lending opportunity. According to one of the real estate finance industry’s leading recruiters, hiring activity in 2020 was concentrated in the non-bank part of the market. By Daniel Cunningham.
Retention is as crucial as making the hire. Executive search specialist Ghada Sousou believes companies need to create diverse cultures to attract diverse workforces. When real estate debt fund managers need to hire, they often turn to Ghada Sousou, founder of executive search firm Sousou Partners.
COVID-19 has been and continues to be a health and economic tragedy and has cut large swathes through many countries throughout the world. There is no doubt that COVID has pushed the markets and applied increasing pressure on topical trends ...
Private real estate throws money at its young and restless. Recruiting at the junior levels is becoming a more expensive game to play for the sector’s managers, Jonathan Brasse finds. It is a good time to be a junior in private real estate investment.