Here is real estate’s highest-paid CEO

Northstar Realty's David Hamamoto made $75M in 2014

TRD New York /
Jun.June 22, 2015 09:01 AM

NorthStar Realty Finance CEO David Hamamoto was the highest-paid chief executive in the real estate industry last year, raking in nearly $74 million from two real estate investment trusts he runs.

Hamamoto raked in more than $60 million for his role at NorthStar, which manages more than $19 billion worth of hotels, Crain’s reported. NorthStar Asset Management, a firm he spun off to shareholders last year, paid him about $14 million.

However, Hamamoto was not the highest paid real estate executive overall. Blackstone’s head of real estate, Jonathan Gray, made $206 million last year between salary, bonuses, and profit-sharing. However, he did not make the Crain’s Fortune 100 list of best paid CEOs, since he is not a chief executive.

Outsize compensation for real estate executives is increasingly common. Last year, three of the top ten highest-paid CEOs of publicly traded companies owed their fortunes to the real estate industry.

In August, NorthStar agreed to purchase Griffin-American Healthcare REIT for $4 billion. [Crain’s] — Tess Hofmann

Related Article

Steve Croman and 566 Hudson Street (Credit: Google Maps, iStock)

Steve Croman sued over illegally deregulating apartments

Census tract 135 and Stellar Management's Larry Gluck (Credit: Getty Images and Stellar Management)

How a small stretch of land on the Far West Side became an Opportunity Zone

Crowdfunding platform launches $20M Opportunity Zone fund

Steve Schwarzman questions WeWork’s valuation, the state is coming for LLCs: Daily digest

Calling all subscribers: Listen in as TRD reporters size up NYC’s foreign investment landscape

Clockwise from top left: A rendering of 88-92 Linden Boulevard in Flatbush, 554 4th Avenue in Gowanus, 850 Metropolitan Avenue in East Williamsburg, and 447-449 Decatur Street in Stuyvesant Heights (Credit: Brookland Capital and Google Maps)

Brookland Capital was never run correctly or efficiently, new
leader says

Clutter CEO and co-founder Ari Mir, and clockwise from left: 280 Fullerton Avenue, 1 Holland Avenue, 3046 Northern Boulevard and 5601 Foster Avenue (Credit: Linkedin, Google Maps)

Self-storage startup Clutter makes its first real estate play with $152M deal

Paul Massey (Photo by Axel Dupeux)

Can Paul Massey repeat his past brokerage success with B6?