<\/figure><\/div>\n\n\nHow Do REITs Work?<\/h2>\n\n\n\n REITs are investment vehicles that work similarly to mutual funds by pooling money from many people. <\/p>\n\n\n\n
Individuals can participate in the real estate market and receive dividends from their assets without taking on the burden of property ownership, management, or financing.<\/p>\n\n\n\n
Similar to mutual funds, REIT assets must meet several requirements. Under the Internal Revenue Code, they are also considered corporate assets. <\/p>\n\n\n\n
To qualify as an investment trust, a company must either directly hold real estate or provide financing for real estate investments.<\/p>\n\n\n\n
How Many Jobs Are Available In Real Estate Investment Trusts?<\/h2>\n\n\n\n According to data from the US Department of Labor, the employment available in real estate has increased dramatically. <\/p>\n\n\n\n
By the end of 2021, US REITs hired 3.2 million people and generated $229 billion in labor revenue. <\/p>\n\n\n\n
Indirectly, the real estate investment trust (REIT) industry generates about 2.6 million full-time positions. <\/p>\n\n\n\n
About 274,000 jobs are expected to open up in this industry over the next few years.<\/p>\n\n\n\n
Additionally, new openings are always posted on employment sites like indeed.com, Glassdoor, and many others.<\/p>\n\n\n\n
Workers in the real estate industry can typically anticipate a yearly salary of around $51,000. <\/p>\n\n\n\n
However, a junior position in the region’s real estate investment trust (REIT) industry can make you $110,000 annually.\u00a0<\/p>\n\n\n\n
Compared to other types of real estate businesses, REITs offer far more employment possibilities at significantly higher pay rates. <\/p>\n\n\n\n
This is excellent news if you’re contemplating a real estate investment trusts job.<\/p>\n\n\n\n
Types Of Jobs Available in REITs<\/h2>\n\n\n\n Real Estate Investment Trusts (REITs) require a diverse and skilled team to manage every facet of a real estate project. <\/p>\n\n\n\n
We\u2019ve listed some examples of jobs you may get in the real estate investment trust industry below:<\/p>\n\n\n\n
Development Roles<\/h3>\n\n\n\n The development team is responsible for initiating and constructing new property development projects. <\/p>\n\n\n\n
The role involves developing new real estate projects and collaborating with others to fund and manage them. <\/p>\n\n\n\n
This role requires project management experience and is in high demand because of the competitive pay and reputation.<\/p>\n\n\n\n
Acquisition Roles<\/h3>\n\n\n\n Acquisition roles are responsible for finding new investment opportunities and ensuring deals are signed on time. These roles require experience in finance, marketing, or business and offer competitive salaries.<\/p>\n\n\n\n
Property Management Roles<\/h3>\n\n\n\n Property managers monitor all aspects of a real estate property’s functioning, including rental agreements, upkeep, payments, and inspections. <\/p>\n\n\n\n
These roles require multitasking skills and solid project management experience and offer opportunities for career advancement.<\/p>\n\n\n
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<\/figure><\/div>\n\n\nAsset Management Roles<\/h3>\n\n\n\n Asset management employees manage a client’s investment portfolio according to their requirements. <\/p>\n\n\n\n
They organize, develop, and manage client investment portfolios, collaborating with others on acquisitions, finances, and client portfolio development. <\/p>\n\n\n\n
These positions require real estate investment expertise, SEC, REIT, and Sarbanes-Oxley Act compliance, and pay $250,000 annually.<\/p>\n\n\n\n
Investor Relations Roles<\/h3>\n\n\n\n Investor relations manage REIT stakeholder and investor communications, arrange annual meetings, and prepare annual reports and investor statements.<\/p>\n\n\n\n
These roles require experience in finance and accounting and offer competitive salaries.<\/p>\n\n\n\n
Real Estate Attorney Roles<\/h3>\n\n\n\n REIT lawyers ensure all contracts and paperwork are legal and act as intermediaries between property investment parties. <\/p>\n\n\n\n
They resolve legal property disputes and transfers and advise parties to comply with the terms and conditions.<\/p>\n\n\n\n
Real Estate Investment Analyst<\/h3>\n\n\n\n Real estate investment analysts work with asset management and acquisitions teams to identify and evaluate potential investment opportunities. <\/p>\n\n\n\n
They analyze market trends, financial statements, and economic data to identify properties that meet their investment criteria. <\/p>\n\n\n\n
They prepare financial models, cash flow projections, and investment reports to assist senior management in making informed investment decisions.<\/p>\n\n\n\n
Operations Manager<\/h3>\n\n\n\n REIT operations managers oversee day-to-day business activities, ensuring all properties function efficiently and profitably. <\/p>\n\n\n\n
They coordinate maintenance, repairs, renovations, manage property staff, and implement operational policies and procedures.<\/p>\n\n\n\n
They work closely with property management, leasing, and finance teams to ensure that all properties meet their financial and operational goals.<\/p>\n\n\n\n
Conclusion <\/h2>\n\n\n\n Real estate investment trusts offer various job opportunities. Top-paying jobs include asset management, development, and acquisition positions.<\/p>\n\n\n\n
These jobs have different requirements but provide a dependable source of income and a chance to enhance skills. A career in REITs can offer a well-paying job with room for growth.<\/p>\n\n\n
\n
<\/figure><\/div>\n\n\nFAQs<\/h2>\n\n\n\n1.) What Skills Are Typically Required For A Career In The REIT Industry?<\/h3>\n\n\n\n Skills needed for a career in the REIT industry may include finance, marketing, business, project management, multitasking, real estate investment expertise, and knowledge of regulatory compliance such as SEC, REIT, and Sarbanes-Oxley Act.<\/p>\n\n\n\n
2.) Are There Any Specific Educational Qualifications Needed To Work In The REIT Industry?<\/h3>\n\n\n\n While educational requirements may vary by role, typical qualifications include degrees in finance, real estate, business administration, accounting, or a related field. Additionally, some roles may require industry certifications or licenses.<\/p>\n\n\n\n
3.) What Is The Typical Salary Range For Jobs In The REIT Industry?<\/h3>\n\n\n\n Salaries in the REIT industry can vary widely based on the specific role and experience level. A junior position can start at around $110,000 annually.<\/p>\n\n\n\n
In contrast, more specialized roles, such as asset management positions, can pay up to $250,000 annually.<\/p>\n","protected":false},"excerpt":{"rendered":"
How many jobs are available in Real Estate Investment Trusts, and what are the job prospects in the real estate industry? These are essential questions to investigate if you want to lunch or progress your career in real estate. Let’s find out the possibilities. Real estate investment trusts (REITs) offer various job paths, from property … Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":816,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[69],"tags":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/raterpoint.com\/wp-content\/uploads\/2023\/03\/pexels-energepiccom-313691.jpg","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/raterpoint.com\/wp-json\/wp\/v2\/posts\/815"}],"collection":[{"href":"https:\/\/raterpoint.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/raterpoint.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/raterpoint.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/raterpoint.com\/wp-json\/wp\/v2\/comments?post=815"}],"version-history":[{"count":1,"href":"https:\/\/raterpoint.com\/wp-json\/wp\/v2\/posts\/815\/revisions"}],"predecessor-version":[{"id":820,"href":"https:\/\/raterpoint.com\/wp-json\/wp\/v2\/posts\/815\/revisions\/820"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/raterpoint.com\/wp-json\/wp\/v2\/media\/816"}],"wp:attachment":[{"href":"https:\/\/raterpoint.com\/wp-json\/wp\/v2\/media?parent=815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/raterpoint.com\/wp-json\/wp\/v2\/categories?post=815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/raterpoint.com\/wp-json\/wp\/v2\/tags?post=815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}