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Careers

How many jobs are available in real estate investment trusts?

How many jobs are available in real estate investment trusts?

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Why is it important to know how many jobs are in real estate investment trusts? Well, if this is a career path you’re interested in breaking into, you’ll want to know numbers like this. It can impact your decision to enter into this career field or not.

REITs (or real estate investment trusts) are companies that own or finance income-generating real estate properties. REITs allow investors to invest in a diversified portfolio of real estate assets without the need for direct ownership, making it a popular investment option.

REITs typically generate income through rent collected from tenants of their real estate properties. They are required to distribute at least 90% of their taxable income to shareholders in the form of dividends, which is one of the main attractions of investing in REITs.

In order to qualify as a REIT, a company must meet certain requirements set by the Internal Revenue Service (IRS). For example, REITs must invest at least 75% of their total assets in real estate and distribute at least 90% of their taxable income to shareholders.

Real estate investment trusts (REITs) have gained significant attention in recent years as a popular investment option. REITs offer investors an opportunity to invest in a diversified portfolio of income-generating real estate properties without the need for direct ownership.

As the popularity of REITs continues to grow, many individuals are curious about the job opportunities available in this industry. In this article, we will explore the question, “How many jobs are available in real estate investment trusts?” and provide an overview of the various career paths that exist within this sector.

how many jobs are available in real estate investment trusts

Contents hide
1 Is real estate investment trusts a good career path?
2 How many jobs are available in real estate investment trusts?
3 What kinds of jobs are available in real estate investment trusts?
4 What it’s like working for a REIT?
5 Real estate investment career options
6 What kinds of properties are in REITs?
7 What are the job requirements and qualifications working for a REIT?
8 What are the highest-paid REIT careers?
9 How many REITS are there?
10 What are the top REITs to work for?
11 Bottom line on REIT jobs

Is real estate investment trusts a good career path?

Real estate investment trusts (REITs) offer a variety of career opportunities for individuals interested in the real estate industry. Whether you are interested in finance, accounting, property management, or development, there are several career paths to explore within the REIT sector.

The demand for REIT professionals is on the rise as the popularity of REITs continues to grow.

REITs provide investors with an opportunity to invest in a diversified portfolio of income-generating real estate properties without the need for direct ownership. This has led to an increased demand for professionals with specialized knowledge in this field.

Working in the REIT industry can be a rewarding and lucrative career path. Professionals in this industry can expect competitive salaries, benefits, and opportunities for growth and advancement. However, like any industry, success in REITs requires hard work, dedication, and a willingness to constantly learn and adapt to changing market conditions.

Overall, whether or not a career in REITs is a good fit for you depends on your interests, skills, and career goals. It is important to research different career paths within the industry and gain relevant experience through internships or entry-level positions to determine if this is the right career path for you.

How many jobs are available in real estate investment trusts?

real estate investment career

Wondering, “Any jobs are available in real estate investment trusts?”

According to ZipRecruiter, there are around 49,000 jobs available in real estate investment trusts in the United States. Finding jobs in REITs boils down to doing a thorough job search online and your networking ability.

First, it starts with research. Start by researching REITs in your area or the area where you want to work. Look for companies that match your skills and interests.

Job search websites like ZipRecruiter, Indeed, and others can be a big help.  Check out job search websites such as LinkedIn, Glassdoor, and Indeed for job postings related to REITs. Company websites are a good place to look for REITs jobs, as well.

Many REITs will post job opportunities on their company websites. Check the careers section of their website for open positions.

Recruitment agencies should be considered. Working with a recruitment agency that specializes in the real estate industry can be a smart move to find REITs jobs. They may have access to job opportunities that are not posted on public job search websites.

Internships are another option. Consider applying for an internship with a REIT. This can be a great way to gain experience and make connections in the industry. And then lastly, look at referral opportunities. Reach out to people in your network and ask for referrals to REITs or specific job opportunities.

Remember to tailor your resume and cover letter to the job you are applying for and highlight any relevant experience or skills. The real estate industry is highly competitive, so it’s important to be persistent and make connections in the industry.

Pro Tip: Don’t forget networking. Networking is critical in the real estate industry. Attend industry events, join industry associations, and reach out to people in your network who may be able to connect you with job opportunities.

What kinds of jobs are available in real estate investment trusts?

reit career

Real estate investment trusts (REITs) offer a wide range of career opportunities for professionals with various backgrounds and skill sets. Here are some common real estate investment careers available in REITs:

  1. Asset Manager: responsible for managing the performance of the properties in the REIT’s portfolio, including overseeing property managers and ensuring the properties are generating income and meeting financial targets.
  2. Property Manager: responsible for the day-to-day management of the REIT’s properties, including leasing, rent collection, maintenance, and tenant relations.
  3. Acquisitions Manager: responsible for identifying and evaluating potential properties for the REIT to acquire, negotiating deals, and overseeing the due diligence process.
  4. Development Manager: responsible for overseeing the development and construction of new properties, including managing the design and construction teams, obtaining permits, and ensuring the project stays on budget and on schedule.
  5. Financial Analyst: responsible for analyzing financial data and preparing reports for the REIT’s management team, including financial statements, forecasts, and investment models.
  6. Investor Relations Manager: responsible for communicating with the REIT’s investors and stakeholders, providing updates on the company’s performance, and managing investor relations events.
  7. Legal Counsel: responsible for providing legal advice to the REIT on matters such as contracts, regulatory compliance, and risk management.
  8. Marketing Manager: responsible for developing and implementing marketing strategies to promote the REIT and its properties to potential tenants and investors.

These are just a few examples of the REIT careers available. Depending on the size and focus of the REIT, there may be additional job roles available as well.

What it’s like working for a REIT?

working for a reit

Working for a real estate investment trust (REIT) can be a rewarding and challenging experience. Here are some key aspects of what it’s like working for a REIT:

  • Fast-paced environment: REITs are constantly evaluating and acquiring new properties, which means the work environment can be fast-paced and dynamic. Professionals in this industry need to be able to adapt quickly to changing market conditions.
  • Collaboration and teamwork: REITs are typically structured as teams with professionals from different backgrounds, including finance, accounting, property management, and development. Working collaboratively with colleagues from different departments is important to ensure the success of the overall organization.
  • Attention to detail: As a REIT professional, attention to detail is crucial. Whether it’s evaluating potential properties to acquire or managing existing properties, there are numerous details to consider to ensure the profitability of the company.
  • Real estate knowledge: A solid understanding of the real estate market is essential when working for a REIT. Professionals need to stay up-to-date with market trends and regulations to make informed decisions.
  • Competitive compensation: REITs typically offer competitive compensation packages to attract and retain top talent in the industry.
  • Opportunities for growth: REITs offer opportunities for career growth and advancement for those who demonstrate success and a willingness to take on new challenges.

Overall, working for a REIT can be a rewarding career path for individuals who are passionate about real estate and thrive in a fast-paced, collaborative environment.

Real estate investment career options

The career options in REITs can include a variety of different job roles like:

  • Real estate agent
  • Real estate developer
  • Mortgage broker
  • Real estate investment trust (REIT) professional
  • Real estate appraiser
  • Property manager
  • Fund manager
  • Financial analyst
  • Regional Director
  • Portfolio manager
  • Lease admin

What kinds of properties are in REITs?

reit jobs

There are a range of different properties in REITs from shopping malls to multi-family units, healthcare properties, office buildings, shopping centers, and more.

What are the job requirements and qualifications working for a REIT?

The job requirements and qualifications for working in REIT jobs will vary depending on the specific job role and level of experience. However, here are some general qualifications and skills that may be required:

  • Education: Most REIT jobs require a bachelor’s degree in a related field, such as business, finance, accounting, or real estate. Some positions may require a master’s degree or specialized certification.
  • Real estate knowledge: Strong knowledge of the real estate industry, including market trends, regulations, and investment strategies.
  • Analytical skills: Ability to analyze data and make informed decisions to maximize the profitability of the REIT’s portfolio.
  • Communication skills: Strong written and verbal communication skills, as many positions require interaction with tenants, investors, and other stakeholders.
  • Teamwork: Ability to work collaboratively with other professionals in the REIT, including property managers, analysts, and developers.
  • Attention to detail: Strong attention to detail is important in all roles, as REITs must ensure compliance with regulations and financial reporting standards.
  • Financial management: Understanding of financial management, including accounting principles, budgeting, and financial analysis.
  • Professionalism: REITs typically require professionals to maintain a high level of professionalism, including a professional demeanor, appearance, and adherence to ethical standards.

These are just a few examples of the qualifications and skills that may be required to work for a REIT. The specific requirements will depend on the job role and level of experience.

What are the highest-paid REIT careers?

The pay scale can fluctuate based on your experience and background but, it’s not unusual to earn up to $100,000+ per year, like this REIT Analyst salary posted by Salary.com.

In general, the highest paying REIT jobs are:

  1. Chief Financial Officer (CFO): The CFO is responsible for managing the financial operations of the REIT, including accounting, financial reporting, and budgeting. CFOs in REITs can earn an average salary of around $300,000 to $500,000 per year, according to Glassdoor.
  2. Investment Analyst: Investment analysts in REITs are responsible for analyzing market trends, identifying investment opportunities, and managing the REIT’s investment portfolio. Investment analysts in REITs can earn an average salary of around $100,000 to $200,000 per year, according to Glassdoor.
  3. Real Estate Portfolio Manager: Real estate portfolio managers in REITs are responsible for overseeing the REIT’s real estate portfolio, including property acquisitions and dispositions, leasing, and property management. Real estate portfolio managers in REITs can earn an average salary of around $150,000 to $250,000 per year, according to Glassdoor.
  4. Real Estate Investment Trusts Lawyer: REITs lawyers are responsible for providing legal advice and guidance to the REIT on a range of legal matters, including regulatory compliance, corporate governance, and real estate transactions. REITs lawyers can earn an average salary of around $150,000 to $300,000 per year, according to Glassdoor.

Additional REIT careers that can make the list include real estate agents and real estate brokers, since their income is tied to commission. The more sales they generate, the higher their income, which can surpass some of these roles in our highest-paid REIT jobs roundup above.

How many REITS are there?

As of September 2021, there were over 220 real estate investment trusts (REITs) listed on major U.S. stock exchanges, according to the National Association of Real Estate Investment Trusts (NAREIT).

These REITs invest in a variety of real estate sectors, including residential, commercial, industrial, and specialty properties. The number of REITs can fluctuate over time as companies may merge or delist from the stock exchanges.

What are the top REITs to work for?

Let’s look at the top REITs to work for…

The top REITs to work for may vary depending on individual preferences, experience, and career goals. However, here are some of the largest and most well-known REITs that are often considered top employers in the industry:

  1. Simon Property Group: Simon Property Group is the largest retail REIT in the world, owning and operating over 200 malls, outlets, and shopping centers in the United States and internationally. The company offers a variety of career opportunities in areas such as property management, leasing, and development.
  2. Prologis: Prologis is the largest industrial REIT in the world, owning and operating over 1 billion square feet of logistics and distribution space in 19 countries. The company offers a variety of career opportunities in areas such as asset management, leasing, and development.
  3. Equity Residential: Equity Residential is one of the largest residential REITs in the United States, owning and operating over 300 apartment communities in urban and suburban markets across the country. The company offers a variety of career opportunities in areas such as property management, leasing, and operations.
  4. Ventas: Ventas is a healthcare REIT that owns and operates a portfolio of over 1,200 healthcare properties, including senior living communities, medical office buildings, and hospitals. The company offers a variety of career opportunities in areas such as asset management, leasing, and development.
  5. Boston Properties: Boston Properties is one of the largest office REITs in the United States, owning and operating over 50 office properties in high-growth markets such as Boston, New York, and San Francisco. The company offers a variety of career opportunities in areas such as property management, leasing, and development.

Again, it’s important to note that the top REITs to work for may vary depending on individual preferences and career goals. It’s recommended to research and evaluate each company’s culture, benefits, and job opportunities before applying.

Bottom line on REIT jobs

Bottom line, working in real estate investment trusts (REITs) can offer a variety of career paths and opportunities for individuals interested in the real estate industry. You just read about how many jobs are available in real estate investment trusts.

From property management and real estate development to investment analysis and fund management, there are many job roles available within REITs that require different levels of education, skills, and experience.

As the real estate industry continues to evolve and grow, there will likely be even more opportunities for professionals to work in REITs. Whether you are just starting your career or are a seasoned professional, consider exploring the many career options available in REITs to find the right fit for you.

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About Jenn

About Jenn

Hi, I’m Jenn! I’m a blogger, a creative entrepreneur, and a (sometime) unicorn who loves working with unique people just like you.

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