If you work in the finance sector, real estate investment trusts may be a term you are familiar with. Due to its ability to generate income, this area of the American economy continues to expand quickly.
Since 1960, professions in real estate investment trusts (REITs) have grown more attractive. Regardless of your starting occupation, using this route will improve the diversity of your professional encounters.
There are numerous employment options in the real estate investment trust sector. Due to it gaining popularity, it is becoming a profitable sector to work in.
In this article, I’ll discuss how many jobs are available in the real estate investment trusts for you to choose from.
What's Ahead...
What Is A Real Estate Investment Trust?
A large-scale method of investing in residential or commercial real estate is through a real estate investment trust, or REIT. Investors who pool their resources together can indirectly own real estate without purchasing the physical property.
The majority of real estate investors cannot afford large-scale commercial properties. Here, the REIT is a terrific approach to increase profits on these assets.
A real estate investment trust is a business that makes investments in real estate, with stockholders or the project’s owner handling the majority of the fund management.
Additionally, tax exemptions are available for REIT investments.
Different Types of Real Estate Investment Trust Jobs
All operations, from property management to investor communications, are handled by a real estate investment trust, or REIT.
As a result, there is a demand for project managers, brokers, real estate managers, business developers, members of the acquisition team, marketing coordinators, financial analysts, and construction supervisors.
Hence, there are 7 job roles and departments that you can be a part of.
Development
Working in development entails being a member of a group that creates new projects. This will entail providing financing for and coordinating with subcontractors and contractors to manage the project’s design and construction.
You may work alongside designers and engineers.
Analytics
Although one of the less well-known job descriptions on the market is a position in REIT analytics. Yet, it is unquestionably one of the most paid.
Handling new businesses and transactions is often part of the job. In addition to that, you will frequently collaborate directly with both the director or CEO as necessary.
Broker
You may operate as a broker if you prefer to negotiate. As a result, you can help with the development and management of properties.
To accomplish this work, though, you have to be a registered broker.
Relations Consultant
You will be a member of the REIT shareholders’ and investors’ communication team as a communications/relations consultant.
A relations consultant schedules annual meetings, organizes reports, and provides financial information. They play a key role in connecting shareholders and investors.
Acquisition
Working in the REIT industry’s property acquisitions will require looking for properties across several locations.
Every component of the property, including the structure, rental revenue, prospective capital expenditure required, and all relevant legal analyses, must be thoroughly examined.
The property’s environmental problems must also be addressed.
Property Management
The duties of a property manager employed by a REIT are largely the same as those of other property managers.
This entails managing every aspect of a certain property, including leasing and building maintenance.
You will serve as the go-between for the building’s owners and the tenants in your capacity as a property manager.
Asset Management
Working on the asset management team entails managing the REIT’s asset portfolio’s operations and financial performance.
Asset managers are normally under the supervision of a senior executive or vice president and are in charge of a few assets each.
How Many Jobs Are Available In Real Estate Investment Trusts?
In the US, there are around 326,000 jobs in the REIT sector. While there are an additional 3.4 million jobs that are indirectly related to this industry. Hence, there are various jobs that can be found within this industry.
Depending on the type of job you are after, this will affect how many positions are available.
Analyst jobs are often harder to come by than property managers. Also, your location can affect the roles available to you.
Conclusion
The real estate investment trust industry provides thousands of jobs.
You can find a position in REIT that fits your qualifications, interests, and career objectives. This can include broker, analysts, manager or relations consult.
There are a lot of avenues for anyone interested to go through.
I hope this article has given you a clearer idea on how many jobs are available in real estate investment trusts.
Frequently Asked Questions
What Is The Best Paying Job In Real Estate Investment Trust?
When it comes to real estate investment trusts, the two best jobs in this sector are analyst and real estate broker.
Both jobs are believed to bring in the most money. Yet, being highly qualified in any area can see you bring in a good wage.
Are Real Estate Investment Trusts A Good Investment?
Due to their high dividend yields and potential for long-term capital growth, REIT investments are a wonderful way to diversify your portfolio beyond typical equities and bonds.
What Are The Different Types Of Real Estate Investments Trusts?
There are 5 common types of real estate investments trusts that you can choose from. These include Mortgage REIT, Equity REIT, Office REIT, Healthcare REIT and Industrial REIT.
Each of these types all focus in indifferent types of investments. Hence, it shows how diverse this sector can be in what you may be investing in.
In addition to that, due to all these different types, that means there are various jobs that deal with each type of REIT.
Paul Martinez is the founder of BendingDestiny.com. He is an expert in the areas of finance, real estate, and eCommerce.Â
Join him on BendingDestiny.com to learn how to improve your financial life and excel in these areas. Before starting this blog, Paul built from scratch and managed two multi-million dollar companies. One in the real estate sector and one in the eCommerce sector.