How many jobs are available in real estate investment trusts? How can you get a job in a real estate investment trust (REIT)? What are best paying jobs in real estate investment trusts? If you are looking for the answers to the above questions, you have come to the right place! There are various high-paying positions accessible in REITs that you should examine before pursuing this as a career. Real estate investment trusts are the corporations that invest in and own income-generating real estate assets. However, getting a job in real estate investment trusts is not straightforward since there are numerous standards to qualify as a REIT for an individual or a corporation.
What Is Mean By REIT?
Real estate investment trusts, are huge corporations or funds that manage a portfolio of real estate in various industries. REITs were founded on the idea that smaller investors should have access to income-producing assets. Previously, commercial and industrial real estate projects and assets were out of reach for most real estate investors since they required a considerable amount of cash to purchase.
There are approximately 225 Real estate investment trusts in US, an overall market value of more than $1 trillion. A financial instrument for publicly traded REITs that is traded on the New York Stock Exchange. Furthermore, investors may purchase REIT ETFs to diversify their interests across many real estate asset classes.
There are three types of organizations that manage real estate properties:
- companies that manage properties
- Trusts that invest in real estate
- Brokers in real estate.
The overall management of rental properties is the responsibility of these companies. They are also allowed to buy, rent, and sell real estate.
How Many Jobs Are Available In Real Estate Investment Trusts?
To address the question of how many jobs are available in real estate investment trusts, REIT companies employ 308,000 employees full-time. Furthermore, real estate investment trusts indirectly provide roughly 2.9 million full-time employments. Currently, real estate investment trusts in the United States control an estimated $3.5 trillion in gross assets.
A real estate investment trust (REIT) manages all parts of a realtor project, including development, property maintenance, and investment management. This indicates that project managers, agents, and a variety of other professions are needed.
There are also blue-collar occupations accessible in real estate investment trusts. REITs manage assets that generate income in the real estate business, all of which must be maintained. Construction and maintenance skills might make you a shoo-in for work in a real estate investment trust’s property maintenance sector. Real estate agent appraiser employment is also frequently available in the REIT business.
Don’t be concerned if you don’t have a real estate background or a master’s degree in real estate finance from Stanford, since there are numerous opportunities accessible in the industry for all sorts of individuals.
How Many Jobs Are Available In Real Estate Investment Trusts? Jobs types
Almost all real estate is invested in by Real Estate Investment Trusts types which could include retail centers, hospitals, offices, hotels, apartment buildings, warehouses, and even cell towers. Before looking at the types of jobs available at REIT or Real Estate Investment Trusts, it is also a good idea to know how many jobs are available in real estate investment trusts and whether there is a steady career for you going into the future.
It is always a good idea to learn about the highest-paying positions in REITs in order to get an idea of how many positions are available there. Maybe it’s leasing agents, broker roles, salespeople, property managers, or something else.
The way it works is that the company pools individual investors that can benefit from REIT without having to buy or self-managed real estate thanks to the capital of investors. In other words, real estate investment trusts offer investors a reliable source of income.
8 Types of Best Paying Jobs in Real Estate Investment Trusts
There are so many best paying jobs at Real Estate Investment Trusts few are the following:
- The Property Managers
There are property managers, just like there are property developers. Compared to property developers, property managers just need to adhere to a few requirements. Engaging with clients and selling or renting out properties at the best pricing based on market rates are the duties of a real estate property manager.
The following skills are necessary for a property manager working at best paying jobs in real estate investment trusts to be successful.
- Customer service abilities
- Aptitude for solving issues
- Marketing expertise
- Financial expertise
- Management skills
- Asset Management
Asset management is one of the jobs in the REIT sector with the highest salaries. The financial and operational success of a REIT’s asset portfolio is under the control of an asset manager.
Most people start out in acquisitions or property management and work their way up to asset management. As an alternative, a person with the right training and credentials can get employment in asset management quickly.
Collaboration between various departments, including acquisitions, finance, development, and accounting, is necessary for asset management.
It is the responsibility of real estate investors to enable people to become financially independent through real estate investing. When it comes to real estate, investors must always be on the go: inspecting, repairing, flipping, maintaining, wholesaling, purchasing, and rehabbing. They increase the profits on their assets in this manner.
In order to make better investments for themselves and their clients, real estate investors are continually evaluating the best tactics. As a result, getting a degree in accounting, finance, or business is frequently required to become an investor. You also need to be able to manage and communicate effectively. An annual salary for a real estate investor might reach $124,000.
- Real Estate Development
One more way to make money in this growing sector is to work as a real estate developer. Managers of contractors and subcontractors work in real estate. They work together to organise and monitor the building of a new home.
A degree in a subject like civil engineering, architecture, business, or urban planning is required for a real estate developer. They also need to possess the following skills for best paying jobs in real estate investment trusts:
- Extensive firsthand understanding of the real estate market
- Thorough knowledge of finance
- Outstanding organisational skills
Because REIT acquisitions are responsible for identifying and assessing potential targets for a new acquisition, working on them also requires a high level of analysis.
After that, they negotiate and set up the procedures to be followed, keeping in mind how to solve issues and seize additional investment opportunities, in order to properly direct the diligence efforts. Finding new investment opportunities is a requirement for acquisition positions in real estate investment trusts. Additionally, the fast completion of transactions is ensured by these jobs.
The majority of REIT acquisition positions are well-paying and plentiful. This role is open to anyone with a degree or acquired skill in business, marketing, finance, or capital markets. The annual salary for acquisition-related positions is $80,000.
- Real Estate Investment Trust Analysts
A REIT analyst works with the finance teams to buy, sell, market, and finance properties. They participate to the study, analysis, and monitoring of market trends. They assist the company in making knowledgeable property decisions.
REIT analysts must utilize numerous financial techniques to develop financial models on the company’s current assets and acquisitions. They must, therefore, have exceptional knowledge of the financial sector. A few requirements for best paying jobs in real estate investment trusts employment as a REIT analyst are including:
- A Bachelor’s degree in finance, realtor, economics, or a closely connected field
- Extensive understanding of the regional markets, especially macro and micro developments in business
- Skills in analysis
- Organizing abilities
- Research abilities
- A Real Estate Lawyer
The legal representation of the parties involved in transactions, including those involving the sale, purchase, development, and use of real estate, is provided by real estate attorneys.
Additionally, they are in charge of drafting, reviewing, and representing their client in court as well as giving guidance on proper legal compliance. The annual salary for a real estate attorney ranges from $119,000 to $125,000.
- Residential Property Sales Manager
They oversee a group that will be in charge of sales and purchases. Supervisors assist agents in expanding their businesses, and agents are required to report their performance to the business.
In addition to managing sales, equipment rentals, maintenance, repair services, and even daily locker rents, their responsibilities also include managing the business unit’s daily operations.
They also control all personnel management and customer service provided by the company’s agents. They serve as the agents’ top ringleaders. A real estate sales supervisor receives an annual salary of $45,000.
How Many Jobs Are Available In Real Estate Investment Trusts—Different Types of REITs?
There are various types in REITs few are the following:
REIT Returns Throughout History
One of the asset types with the strongest performance in the past has been real estate investment trusts. Most investors use the FTSE NAREIT Equity REIT Index to determine how the American real estate industry is doing. The 10-year average annual return for the index was 8.34% as of June 2022.
Compared to the 25-year returns of the S&P 500 and the Russell 2000, which were 7.97% and 7.41%, respectively, the index returned 9.05%. In the past, real estate has outperformed Fixed income is the most common asset class to use for this, for yield-seeking investors. A smartly crafted portfolio should take both into account.
Loan Real Estate Investment Trusts
In contrast to real estate, mortgages make up around 10% of the assets of REITs. Despite not always being the best investments, Fannie Mae and Freddie Mac are the two most well-known ones. On the secondary market, these government-sponsored companies purchase mortgages.
This particular sort of REIT carries certain risk because it makes investments in mortgages as opposed to stocks. As interest rates rise, the book value of mortgage REITs would fall. Which would have an impact on stock prices.
Additionally, a sizable amount of Loan Real Estate Investment Trusts‘ funding comes from secured and unsecured loan offerings. Future funding will be more expensive as interest rates increase, decreasing the value of a loan portfolio.
The bulk of mortgage REITs trade below their share-based net asset value due to the low interest rates and the possibility of rate increases. Trying to find the ideal one is challenging.
Medical Real Estate Investment Trusts
With an aging population and rising healthcare expenditures, healthcare real estate investment trusts will be a fascinating market to monitor. Clinics, hospitals, nursing homes, and retirement communities are some of the medical facilities that healthcare REITs invest in.
The healthcare system has a direct impact on this property’s ability to succeed. The majority of these institutions’ proprietors depend on private funding, occupancy fees, and reimbursements from Medicare and Medicaid. Healthcare REITs are risky for as long as healthcare funding is unpredictable. A healthcare facility should have interests in a variety of various property kinds as well as a broad clientele. Spreading your risk can be more advantageous in some situations than focusing.
The need for healthcare services should raise as the population gets older, which is generally good for business. So, find businesses with a lot of experience in the healthcare sector as well as customer and property type diversification. , strong balance sheets, and easy access to affordable financing.
Investors Real Estate Investment Trusts
These companies either own and manage the properties themselves or contract out property management to other businesses. Additionally, they give stockholders full dividends.
REITs With Mutual Stocks
These REITs would receive preferred stock and debt as payment for handling the financial side of property management.
The use of hybrid investing strategies is particularly popular among real estate investment trusts in the United States. Also, the majority of these assets are concentrated on income-generating real estate. Those who believe that owning real estate will provide them with long-term financial rewards are potential employers.
Investment Trusts For Commercial Real Estate
Industrial real estate is favoured by REITs because it may provide very high rental yields. For the most part, industrial real estate investment trusts lease factories and warehouses to other companies. An industrial REIT might oversee a distribution centre, the location from which your online order is shipped, as an example. Industrial REITs also oversee manufacturing-related real estate projects.
Hotel and Resort REITs
Resort and hospitality REIT concentrate on real estate with a connection to the tourism industry. REITs, as opposed to private persons, typically own hotels and resorts around the world.
How to Get Jobs at Real Estate Investment Trusts
There are several ways to discover how many jobs are available in real estate investment trusts. You can check businesses’ websites to see if they’re recruiting to see if working for a real estate investment trust is something you’re interested in. You can also visit the websites of local real estate associations.
The professionals in the field can network at employment fairs and other events that organisations like these frequently conduct. You can also look through job postings on websites for particular industries.
You can also look for job openings for particular companies online if you’re interested in working for them. You can also try searching for “real estate jobs” or “real estate investment trust employment” in your area if you’re unsure what positions are available in the real estate industry.
Jobs in your area are listed on several websites. You can filter job listings on many of these websites according to the kind of employment you’re seeking. You can also check your neighborhood job center to see if they have any real estate-related job postings.
What Can You Make Working For A REIT?
The average yearly base salary for a REIT Analyst is $70,862, according to Glass door. The average salary for a Lead Analyst is $96,333, while Senior Analysts normally make $87,981.
Develop These Skills If You Want to Work in Real Estate Investment Trusts
You need to be proficient in data analysis, have excellent written and verbal communication skills, and be familiar with Excel and other Microsoft Office Suite products in order to compete for positions in real estate investment trusts.
You’ll also benefit from having an interest in data science because many REIT analysts have a basic knowledge of statistics and expertise with databases. Make sure you are familiar with database querying tools like SQL and Python as well as data visualization tools like Tableau.
How much professional experience would you require to be a strong candidate?
Since most REIT Analysts have two to four years of experience, if you reach or have passed that milestone, you may be confident that you are quite competitive in terms of experience.
Levels of Job Satisfaction for REIT Analysts
According to REIT Analyst assessments, a career in the financial services industry is not without stress. The work/life balance of these employees, as rated by around 85,000 survey respondents, is 3.6 out of 5 stars. They are less enthused about their pay and benefits (3.4/5), as well as their career chances (3.5/5).
Why Invest In Real Estate?
Statistics suggest that almost 145 Million Americans have invested in REIT equities. REITs come with various advantages, as follows:
- Allows investors to profit from real estate market gains without directly investing in a property.
- Allows for partial independence from S & P 500 performance.
- Dividend yields are appealing to consumers.
- Easy liquidity benefits investors.
- Have favorable tax conditions because most countries have a REIT law that allows a real estate company to pay less capital gains tax and corporate tax.
Conditions to Be Considered Real Estate Investment Trusts (REITs)
Let’s now talk about the key conditions for a business to become REITs. These conditions are detailed below:
- Put at least 75% of your assets into real estate.
- No more than 50% of the company’s shares.
- A maximum of five people must hold no more than 50% of its shares.
- Should be run by a trustees’ or board of directors’.
- 90% or more of its taxable income must be paid.
Is REIT Right for Me?
The Sanctuaries and Conversation Command warns stockholders not to invest in REITs that are not SEC-registered. It suggests that “you can use the SEC’s EDGAR system to verify the registration of both publicly traded and non-traded REITs, as well as to review a REIT’s annual and quarterly reports and any offering prospectus.”
Verify the broker or financial advisor who offers advice to the REIT. Use the SEC’s free search tool to determine whether an investment practitioner is registered and in good standing.
Benefits and Drawbacks of Working For REITs
- There are many prospects for promotion because there are several real estate firms with sizable teams.
- You can interact with a variety of people by working for a REIT.
- If you work for a REIT that purchases hotels, you’ll get the ability to travel and interact with new people.
- If you want to be close to your family, working remotely or from home may be an option for you.
- The real estate sector is relatively stable, and many businesses constantly pay their staff.
- Long hours or being on call for emergencies are both possibilities.
- You might have to compete for customers in the highly competitive real estate market.
- You may have to travel for conferences or meetings with clients.
- There will be pressure on you to reach your sales targets.
A Few Final Words
Real estate investment trusts are said to be the ideal strategy to expand your portfolio’s revenue and growth without harboring many worries. The number of jobs offered by real estate investment trusts (REITs) for those eager to work there is as follows. Additionally, if you are aware of any additional information regarding the how many jobs are available in real estate investment trusts employment opportunities; please add it to the comment section below.