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Apartment Firms Rule Out Executive Raises for 2010

Published Thursday, December 10, 2009

The new year promises to be a lean one for apartment company executives. A new survey shows that nearly two-thirds of multifamily companies (63%) say they do not plan to raise executive salaries in 2010. Still, that number is an improvement from 2009, when 75% of apartment companies declined to raise executive salaries, according to the National Multi Housing Council (NMHC), which released the survey results. Managers fared better than company chiefs, as just 42% of firms ruled out raises for managers and other non-executive professionals. That was an improvement from 2009, when 46% of apartment firms ...

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