Many people currently are exploring different professions so that they can locate the right fit. As such, people are intrigued by the real estate market, but not eager to start their own businesses. Therefore, working for a REIT may be just the thing for you.
Real Estate Investment Trusts, or REITs, are investment vehicle that allows investors to pool their money and invest in a variety of real estate assets. These assets can be diversified by investing in a dedicated fund that holds a portfolio of REITs.
REIT careers are advantageous, and the industry is rapidly expanding. When viewed as an industry, REITs contribute significantly to the tax base and the job market. Plus, the community benefits from all real estate improvements.
What Are Real Estate Investment Trusts?
Real estate investment trusts, also known as REITs, are investment vehicles that will own income-producing real estate. REITs are excellent ways to invest in real estate while being a property owner.
How Many Jobs Are Available?
As a result, when purchasing into a REIT, you aren’t investing in real real estate. You’re instead simply investing in a company. This company will control and have full ownership of the real estate that it’s managing, generating revenue with the rent or lease payments it receives.
Types of jobs
- Property Manager
- Commercial Developer
- Acquisition Team Member
- Financial Analyst
- Marketing Coordinator
- Construction Supervisor
How Many Real Estate Investment Trusts Are There?
There are a great number of real estate investment trusts, or REITs, across the globe. These trusts have a combined equity market capitalization of $1 trillion and hold an extensive variety of properties, like apartment complexes, hospitals, and data centers.
The United States has more than 225 real estate investment trusts (REITs) registered with the Securities and Exchange Commission (SEC) and trades in a major stock exchange.
The IRS has research that suggests that over 1,100 REITs have filed tax returns. Hence, most REITs are privately held.
How Many Jobs Are Available In Real Estate Investment Trusts
In real estate investment trusts, there are currently over 1,500 jobs on Linkedin and 3000 more on Indeed. There are many different career paths that one can take within the industry of real estate investment trusts, each with its own unique salary and job opportunities.
Best Paying Jobs In Real Estate Investment Trusts
Professional asset managers, for example, can make more than $200,000 per year. Other high-paying positions include those of developers, acquisitions professionals, and investor relations personnel.
Keep in mind that roles in the finance and real estate industries frequently overlap. Because of this, it’s crucial to consider what types of companies are hiring for what positions. A number of industries where you can find a job for a REIT are finance-related projects and residential leasing.
Real estate investment trusts, or REITs, are becoming more popular as a means to invest in the real estate market. These trusts are responsible for every aspect of real estate development, including finding and acquiring properties to managing them and leasing them out. This task requires an array of professionals, such as asset managers, accountants, lawyers, and engineers.