Benchmarks - NMHC

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2020 National Multifamily Industry Compensation Survey Survey Report Benchmarks Benchmarks Listing Position Code Position Title Corporate/Regional Positions Executive/Management 1010 1020 1021 1110 1111 1040 1250 1310 1025 1030 1050 1055 Chief Executive Officer Chief Operating Officer Chief Administrative Officer Chief Financial Officer/Top Financial Executive Chief Accounting Officer Chief Investment Officer/Top Investment Executive Chief Legal Officer/Top Legal Executive Chief Information Officer CEO/President - Subsidiary Top Division/Group/Regional Executive Head of Business Development Head of Sustainability Finance/Accounting 1130 1140 1610 1611 1145 1150 1160 1165 1172 1166 1185 1189 1171 1170 1174 1175 1179 1180 Corporate Treasurer Corporate Controller Head of Internal Audit Internal Auditor Property Controller/Director of Property Accounting Property Accounting Manager Senior Property Accountant Property Accountant Senior Accounts Payable Clerk Accounts Payable Clerk Accounts Receivable Clerk Manager Financial Analysis Senior Financial Analyst Financial Analyst Cash Management Manager Cash Management Analyst Head of Tax Tax Manager Bolded positions are new/revised for 2020. Willis Towers Watson Data Services Page 32

2020 National Multifamily Industry Compensation Survey Survey Report Benchmarks Benchmarks Listing (continued) Position Code Position Title Corporate/Regional Positions (continued) Human Resources 1220 1221 1222 1223 1224 1231 1225 1230 1585 1586 1587 0216 1590 1591 1227 1226 Head of Human Resources Human Resources Manager Compensation and Benefits Manager Compensation Manager Benefits Manager HRIS Manager/Director HRIS Analyst Head of Training and Development Director of Property Management Training and Development Senior Property Management Trainer Property Management Trainer Regional HR Generalist Payroll Manager Payroll Clerk Senior HR Assistant HR Assistant Asset Management 1430 1435 1440 1441 Head of Asset Management Senior Asset Management Manager Asset Management Manager Asset Management - Analyst Construction 1480 1481 1485 1486 1491 1490 1495 Head of Construction Director of Construction Senior Construction Manager Construction Manager Senior Project Manager Project Manager Construction Superintendent Rehabilitation/Renovation/Redevelopment 1496 Head of Rehabilitation/Renovation/Redevelopment 1497 Rehabilitation/Renovation/Redevelopment Projects Regional Director 1498 Rehabilitation/Renovation/Redevelopment Projects Manager 1499 Rehabilitation/Renovation/Redevelopment Projects Coordinator Bolded positions are new/revised for 2020. Willis Towers Watson Data Services Page 33

2020 National Multifamily Industry Compensation Survey Survey Report Benchmarks Benchmarks Listing (continued) Position Code Position Title Corporate/Regional Positions (continued) Development 1459 1460 1465 1470 1471 1472 VP Project Development Director Project Development (formerly Head of Project Development) Senior Development Manager Development Manager Development Analyst Contract Administrator Facilities Management 0115 Head of Facilities Management/Engineering Information Technology 1311 1312 1316 1313 1314 Head of Information Technology IT Manager Senior IT Analyst IT Analyst IT Support Specialist Project Management - New Technology 1320 Manager/Director of New Technology 1321 Business Analyst – New Technology Regional Maintenance Management 1520 Regional Manager - Maintenance (Over 5,000 Units) 1521 Regional Manager - Maintenance (2,400 - 5,000 Units) 1522 Regional Manager - Maintenance (Under 2,400 Units) Marketing 1534 1535 1537 1538 1541 1542 1539 1545 1546 Revenue Management 1167 1168 1169 Head of Marketing Regional Manager - Marketing Marketing Specialist Social Media Specialist Customer Service/Relations Supervisor/Manager – Corporate Level Senior Customer Service/Relations Representative – Corporate Level Customer Service/Relations Representative – Corporate Level Digital Marketing Manager Digital Marketing Specialist Head of Pricing Pricing Manager Pricing Analyst Bolded positions are new/revised for 2020. Willis Towers Watson Data Services Page 34

2020 National Multifamily Industry Compensation Survey Survey Report Benchmarks Benchmarks Listing (continued) Position Code Position Title Corporate/Regional Positions (continued) Purchasing/Procurement 1605 1606 1607 Head of Purchasing/Procurement Purchasing Manager Buyer Property Management 1450 1510 1511 1530 1531 1532 1543 1536 Head of Property Management Vice President - Property Operations Area/Regional Vice President – Property Operations Regional Manager - Property Operations (Over 5,000 Units) Regional Manager - Property Operations (2,400 - 5,000 Units) Regional Manager - Property Operations (Under 2,400 Units) Affordable Housing Manager Senior Affordable Housing Specialist 1533 Risk Management/Insurance 1120 1125 1127 Affordable Housing Specialist Head of Risk Management Risk/Insurance Manager Risk Analyst Transactions 1420 1421 1425 Head of Transactions Transactions Manager Transactions Analyst Bolded positions are new/revised for 2020. Willis Towers Watson Data Services Page 35

2020 National Multifamily Industry Compensation Survey Survey Report Benchmarks Benchmarks Listing (continued) Position Code Position Title Onsite Positions - Single Site 0110 0092 0099 0100 0130 0140 0150 0152 0171 0170 0180 0190 0200 0210 0050 0060 0070 0072 0080 0081 0220 0214 Bookkeeper Leasing Manager Senior Leasing Consultant Leasing Consultant Maintenance Manager (Over 500 Units) Maintenance Manager (300 - 500 Units) Maintenance Manager (100 - 299 Units) Maintenance Manager (Under 100 Units) Senior Maintenance Technician Maintenance Technician Make Ready/Maintenance Assistant Groundskeeper Painter Housekeeper Property Manager (Over 500 Units) Property Manager (300 - 500 Units) Property Manager (100 - 299 Units) Property Manager (Under 100 Units) Assistant Property Manager Assistant Property Manager (leasing focus) Concierge Customer Service/Relations Representative Onsite Positions - Multi-Site 0125 0040 0172 0101 Multi-Site Maintenance Manager Multi-Site Property Manager (formerly Senior Property Manager) Multi-Site Maintenance Technician Multi-Site Leasing Consultant Bolded positions are new/revised for 2020. Willis Towers Watson Data Services Page 36

Willis Towers Watson Data Services Page 32. 2020 National Multifamily Industry Compensation Survey Survey Report Benchmarks Benchmarks Listing (continued) Position Code Position Title Corporate/Regional Positions (continued) Human Resources 1220 Head of Human Resources

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