The real estate industry is booming and there are plenty of opportunities for those interested in pursuing a career in this field. One sub-sector within real estate that is particularly viable right now is investment trusts (REITs). Here’s what you need to know about How Many Jobs Are Available In Real Estate Investment Trusts?
What Is A REIT (Real Estate Investment Trust)?
This article will explain how many jobs are available in real estate investment trusts, how real estate investment trusts work, the benefits of working in REITs, the skills required and so on. Firstly, what is a reit?
A real estate investment trust (REIT) is a type of investment vehicle that allows investors to pool their money together to invest in property and other real estate-related assets. A real estate investment trust, or REIT, is a company that owns, operates, or finances income-producing real estate.
A real estate investment trust (REIT) owns and manages different types of buildings and lands for investment purposes. The buildings owned by the REIT could be anything from an office complex to a hotel chain, Resorts, etc.
The REIT does not intend to resell the property it purchases. Instead, the REIT intends to build on its land holdings. After that, the asset becomes a part of a diversified portfolio from which income is derived. These assets are easy to trade in and out of for investors.
Compared to more conventional real estate investments, REITs offer superior liquidity. REITs can be traded on the New York Stock Exchange (NYSE), American Stock Exchange (AMEX), and NASDAQ stock markets. In addition, mutual funds provide a backdoor way for investors to gain exposure to REITs.
By law, REITs must distribute at least 90% of their taxable income to shareholders in the form of dividends. They can be publicly traded on major stock exchanges or privately held.
Investing in a real estate investment trust (REIT) enables groups of investors to pool their resources to acquire real estate on a massive scale. Investing in a REIT is a way for smaller real estate investors to gain exposure to larger real estate ventures.
Analysts anticipate a large increase in employment opportunities in the real estate investment trust (REIT) market as the market expands and diversifies.
Types Of REITs
There are four main types of REITs namely: equity, mortgage, hybrid, and public non-traded.
- Equity REITs: Own and operate income-producing real estate, such as office buildings, retail centres, apartments, and warehouses.
- Mortgage REITs: Invest in loans secured by real estates, such as mortgages and other property-related loans.
- Hybrid REITs: Combine aspects of both equity and mortgage REITs.
- Public non-traded REITs are not listed on a major stock exchange but are still required to file periodic reports with the SEC.
The majority of REITs are equity REITs (78%), followed by mortgage REITs (17%), hybrid REITs (3%), and public non-traded REITs (2%). Equity REITs are further classified into four subtypes: office, retail, residential, and industrial.
- Office REITs own and operate office buildings, such as skyscrapers, suburban office parks, and executive suites.
- Retail REITs own and operate shopping malls, strip malls, outlet centres, and other retail properties.
- Residential REITs own and operate apartments, single-family homes, assisted living facilities, and other types of residential properties.
How Many Jobs Are Available In Real Estate Investment Trusts?
There are plenty of opportunities available for those interested in pursuing a career in REITs. The industry is growing rapidly, and there is a need for skilled professionals in various aspects of the business.
Some of the most popular roles within REITs include:
- Asset managers
- Property managers
- Property Development
- Acquisitions and development professionals
- Finance and accounting specialists
- Marketing and sales personnel
If you have the skills and experience required for any of these roles, then you should have no problem finding employment within a REIT. Many types of REITs operate in today’s market, so it is sure to align with your career goals and interests. Do some research to find the right fit for you and start pursuing your dream job in the exciting world of real estate investment trusts.
Highest-Paying Jobs in REITs
Here is a list of the highest paying jobs in this field:
REIT Analysts: (Salary Range – $76,519 to $108,515)
The real estate and financial teams collaborate with a REIT analyst to buy, sell, market, and financial assets. They aid in the investigation, evaluation, and observation of market trends. They aid the company in making wise selections regarding its real estate.
The company’s current assets and acquisitions must be modelled financially by REIT analysts using a variety of financial instruments. Therefore, it required them to have exceptional knowledge of the financial sector. Among the requirements for a position as a REIT analyst are:
- An undergraduate degree in finance, economics, real estate, or a closely related field
- A thorough understanding of the local real estate markets, notably macro and microeconomic tendencies
- Analytical Abilities
- Ability to plan ahead
- Research skills
Real Estate Property Appraiser:(Salary Range – $56k – $93k )
An appraiser for real estate determines the value of a residential or commercial property. Several market and economic factors affect the value of any property. Real estate appraisers keep note of each of these elements to calculate a property’s worth.
One must first pass an appraiser training course and obtain a license before working as a property appraiser. For accurate property assessments, candidates also need a background in real estate, finance, economics, and other relevant fields.
Property Developer Agent:(Salary Range – $65k – $120k )
Another way to make money off of this rapidly growing industry is to get a job in the real estate development industry. A real estate developer is responsible for managing both contractors and subcontractors. They work together to devise the blueprints and conduct the quality assurance checks for the new building.
A degree in a relevant field, such as civil engineering, architecture, business, or urban planning, is required to work in the real estate development industry. Additionally, the following skills are required of them:
- Excellent organizational abilities
- Expertise in the real estate industry at large
- Vast in finance matters
Asset Management: (Salary Range – $68k – $128k)
Asset management is one of the REIT industry’s jobs that offers some of the most lucrative compensation packages. When it comes to the operational and financial performance of a REIT’s portfolio of assets, the responsibility lies with an asset manager.
The path to becoming an asset manager typically begins with a person working in acquisitions or property management and continues up the corporate ladder from there. Alternatively, a person who possesses the necessary skills and qualifications can easily find work in asset management.
Collaboration between different departments, such as acquisitions, finance, development, and accounting, is necessary for effective asset management.
What Types of Roles Are Available In The REIT Industry?
How many jobs are available in real estate investment trusts there are many different types of roles available in the REIT industry. As the industry continues to grow, so does the demand for skilled professionals in various aspects of the business. Here are some of the common roles in this industry:
- Real Estate Administrative Assistant with over 854,000 jobs available.
- Real Estate Sales Supervisor with over 77,000+ jobs available.
- Property Manager – 117,000+ Jobs.
- Title Examiner – 20,000+ Jobs
- Leasing Consultant – 62,000+ Jobs.
- Real Estate Sales Associate – 148,000+ Jobs
- Appraiser – 33,000+ Jobs.
- Real Estate Broker – 150,000+ Jobs.
- Escrow Officer – 69,000+ Jobs
The Benefits of Working In A Real Estate Investment Trust
For many people, the best job is one that allows them to build a career while also earning a good income. For these individuals, working in a real estate investment trust (REIT) can be the perfect solution. REITs are corporations that own, operate, or finance income-producing real estate.
While working in a REIT can be challenging, it can also be extremely rewarding. REIT employees have the opportunity to work with a variety of different property types, including office buildings, retail centres, apartments, and hotels. In addition, REITs offer their employees competitive salaries and benefits packages. As a result, working in a REIT can be an excellent way to build a career in the real estate industry.
The Skills You Need To Work In A Real Estate Investment Trust
There are a few key skills you need to work in a real estate investment trust.
- First, you need to be knowledgeable about the real estate market. This includes being able to identify good investment opportunities and understanding the risks involved.
- Second, you need to be good at financial analysis. This means being able to understand and interpret financial statements and other data.
- Third, you need strong negotiation skills. This is important when it comes to negotiating deals with sellers and buyers.
- Finally, you need to be organized and detail-oriented. This is necessary to manage the paperwork and documentation involved in real estate transactions. If you have these skills, then working in a real estate investment trust could be a great career choice for you.
How To Apply For A Job In A Real Estate Investment Trust (Requirements)
This post is not all about providing an answer to how many jobs are available in real estate investment trusts. This section will provide tips on how to apply for a job in this sector. Applying for a job in a real estate investment trust (REIT) can be a great way to get started in the industry. However, it’s important to understand the process and what REITs are looking for in an employee.
- First: it’s important to understand what a REIT is. A REIT is a company that owns, operates, or finances income-producing real estate. To qualify as a REIT, a company must meet certain criteria set forth by the IRS.
- Most REITs focus on a specific type of real estates, such as office buildings, shopping centres, apartments, warehouses, or hotels. When applying for a job with a REIT, it’s important to have experience in the industry and knowledge of the company’s focus.
- It’s also important to have strong communication skills and be able to work well with others. REITs typically operate as part of a team, so being able to work collaboratively is essential.
- In addition, most REITs require employees to have at least a bachelor’s degree. If you’re interested in working for a real estate investment trust, there are several things you can do to make your application stand out.
First, research the company and their properties. This will show that you’re knowledgeable about the industry and that you’re technically savvy.
Second, focus on your people skills. As mentioned above, most REITs operate as part of a team, so being able to work collaboratively is essential.
Finally, make sure your resume is up-to-date and tailored to the position you’re applying for. Including both your educational background and your relevant experience will help you land the job you want with a real estate investment trust.
Consider putting some of your money into a real estate investment trust (REIT) if you want to broaden the scope of your investment portfolio without taking on undue risk. You can invest in a company’s real stock price. There is still some risk involved because no investment is completely risk-free, but there are certain benefits to investing in a real estate investment trust to increase one’s wealth.
Frequently Asked Questions(faqs)
How many real estate investment trusts are there?
As of December 2021, over 800 REITs were operating globally, with a combined equity market valuation of around $2.5 trillion.
Can real estate investing be a career?
Yes, For individuals who are ambitious, sales-oriented, and persuasive you may find success in a real estate career which is a novel and lucrative option for a career path.
Skills in management, creativity, finances, home improvement, and marketing are required to succeed in this field. Learning more about this industry can help you decide if becoming a real estate investor is the right career path for you.
How much do real estate investment trusts pay?
REITs are required to distribute to shareholders at least 90% of their taxable income, with the majority distributing 100%. Then, shareholders are taxed on dividends. This payment may be classified as the real estate investor salary.
What are the two types of real estate investment trusts?
There are two types of REITs: public and private. Public REITs are traded on major stock exchanges, while private REITs are not.
Can you work for a REIT?
Yes, Working for a REIT is an option for those interested. The roles of the asset manager, property manager, and investor relations are among the most lucrative employment opportunities offered by real estate investment trusts, and they are listed above.
How Many Jobs Are Available In Real Estate Investment Trusts?
Over 300,000 jobs are available in real estate investment trusts in the United States, and a further 3.5 million full-time jobs are available that are indirectly related to the REIT industry.
Final Note
Finally, on how many jobs are available in real estate investment trusts, all signs point to the fact that there are positions that pay adequately in the REIT industry, and that you may make a livelihood thereby capitalizing on your skills. To answer your question, no, you do not have to get a degree to work in this industry. Having a formal education will be an asset in this situation. In comparison to working with heavy equipment, this line of work does not need nearly as much physical effort, which is one of the many benefits of pursuing this line of work as a career.
Additionally, you must keep a positive working relationship with the individuals you collaborate with, particularly if you have the opportunity to speak with them one-on-one, as word of mouth travels a great distance. Individuals will likely suggest other people to you, which will be beneficial to your career.