HOW MANY JOBS ARE AVAILABLE IN REAL ESTATE INVESTMENT TRUSTS
Understanding how many jobs are available in real estate investment trusts (REITs) and if there is a good career path when joining one are essential considerations when contemplating the industry.
What is Real Estate Investment Trusts
Real estate investment trust (REIT) is a company that owns, operates, or finances income-generating real estate. Modeled after mutual funds, REITs pool the capital of numerous investors. This makes it possible for individual investors to earn dividends from real estate investments without having a need to buy, manage, or finance any properties themselves. Real estate investment trusts are investment vehicles where investors can pool their money and distribute it in various real estate investments. They do so through companies that acquire and run real estate assets for their investors. Therefore, you can invest in real estate without directly being involved in asset management.
Most REITs are publicly traded like stocks, which makes them highly liquid (unlike physical real estate investments) and they generate a steady income stream for investors but usually offer little to none in the way of capital appreciation or return. They usually invest in real estate property types, including apartment buildings, cell towers, data centers, hotels, medical facilities, offices, retail centers and businesses and warehouses. Stockholders on REIT earn a share of the income produced without actually having to go out and buy, manage or finance property. About 150 million Americans live in house invested in REITs through their 401(k), IRAs, pension plans, and other investment funds.
How Real Estate Investment Trusts Works
Most REITs operate along a straightforward and easily understandable business model: By leasing space and collecting rent on its real estate, the company generates income which is then paid out to shareholders in the form of dividends. REITs must pay out at least 90% of their taxable income to shareholders—and most pay out 100 %. In turn, shareholders pay the income taxes on those dividends. Mortgage REITs don’t own real estate directly, instead they finance real estate and earn income from the interest on these investments.
REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns.
List of Properties one can Invest in REITs
Below are the lists of available properties available for investments in real estate investment trusts. This include what one can invest in while practicing this trust.
- Shopping centers
- Office buildings
- Apartment buildings
- Commercial real estate
- Residential properties
- Single-family homes for rent
- Multi-family buildings
- Shopping malls
- Commercial properties
- Self-storage buildings
- Data centers
- Health care properties
How Many Jobs are Available in REITs
There are approximately 1000-2000 jobs available in REITs depending on the market condition. Below are the lists of jobs positions one can find in REITs.
- Property Manager
- REIT Analyst
- Financial Analyst
- Tax Accountant
- Lease Administrator
- Investor Relations Manager
- Portfolio Manager
- Real Estate Property Appraiser
- Customer Service Representative
- Accounts Payable Manager
- Accounts Receivable Manager
- Regional Director
- Divisional Director
- President
- COO
- CEO
It is worthy to note that salary varies in each of these jobs but note also each coms with its own benefit and
List of Best Paying Job in REITs
Because of the numerous and different work involved in real estate investment trusts, there are quite a number of good paying job in this industry
The highest-paid positions are leasing professionals, portfolio managers, asset managers, and acquisition managers. However, many other jobs in the industry can be lucrative and provide strong upward development potential. Many of the highest-paying jobs in the real estate investment trust industry will require a diploma or technical degree with extensive related experience. Below is a list gotten from PayScale on the best paying job in this industry and their salary.
Job Title Range Average
Financial Analyst $53k – $86k $67,455
Senior Accountant $69k – $95k $85,222
Executive Assistant $58k – $113k $72,007
Property Manager $47k – $101k $72,500
Investment Analyst $69k – $114k $75,733
Accounting Manager $88k – $102k $92,829
Corporate Accountant $62k – $90k $79,500
Administrative Assistant $49k – $60k $52,135
Asset Manager $68k – $132k $105,000
Internal Wholesaler $64k – $76k $68,204
Data Analyst $50k – $69k $52,051
Assistant Property Manager $49k – $71k $67,657
Portfolio Manager $60k – $139k $72,618
Senior Internal Auditor $70k – $80k $75,943
Real Estate Analyst $61k – $82k $75,294
Graphic Designer $56k – $69k $58,700
Staff Accountant $0 – $0 (Estimated *) $61,300
Content Marketing Manager $0 – $0 (Estimated *) $55,955
Executive Administrator $0 – $0 (Estimated *) $70,000
Product Manager, (Unspecified Type) $0 – $0 (Estimated *) $110,000
Account Manager $0 – $0 (Estimated *) $62,500
Human Resources (HR) Generalist $0 – $0 (Estimated *) $80,000
Fundraiser $0 – $0 (Estimated *) $250,000
Fund Accountant $0 – $0 (Estimated *) $75,000
Finance Manager $0 – $0 (Estimated *) $110,000
Finance Analyst $0 – $0 (Estimated *) $55,000
Facilities Manage $0 – $0 (Estimated *) $70,000
Facilities Coordinator $0 – $0 (Estimated *) $48,000
Legal Counsel $0 – $0 (Estimated *) $115,000
Investor Relations Director $0 – $0 (Estimated *) $200,000
Interior Designer $0 – $0 (Estimated *) $46,000
Information Security Engineer $0 – $0 (Estimated *) $61,500
Senior Financial Analyst $0 – $0 (Estimated *) $88,750
Office Assistant $0 – $0 (Estimated *) $34,784
Leasing Agent, Real Estate $0 – $0 (Estimated *) $53,896
Internal Auditor $0 – $0 (Estimated *) $68,127
Senior Property Manager $0 – $0 (Estimated *) $102,500
Chief Operating Officer (COO) $0 – $0 (Estimated *) $220,654
Financial Reporting Manager $0 – $0 (Estimated *) $75,523
Commercial Property Manager $0 – $0 (Estimated *) $73,145
Director of Operations $0 – $0 (Estimated *) $64,862
Property Accountant $0 – $0 (Estimated *) $61,042
General / Operations Manager $0 – $0 (Estimated *) $60,000
Senior Investment Analyst $0 – $0 (Estimated *) $69,952
Executive Assistant to CEO $0 – $0 (Estimated *) $76,985
Stock Plan Administrator $0 – $0 (Estimated *) $93,000
Vice President (VP), Marketing $0 – $0 (Estimated *) $172,994
Marketing Coordinator $0 – $0 (Estimated *) $64,895
Operations Director $0 – $0 (Estimated *) $166,941
Accounts Payable Director $0 – $0 (Estimated *) $115,000
Research Analyst $0 – $0 (Estimated *) $48,558
Treasury Analyst $0 – $0 (Estimated *) $61,154
Investment Associate $0 – $0 (Estimated *) $100,000
Payroll Director $0 – $0 (Estimated *) $129,845
Leasing Manager/Property $0 – $0 (Estimated *) $63,000
Lease Administrator $0 – $0 (Estimated *) $65,833
Finance Associate $0 – $0 (Estimated *) $90,000
Information Technology (IT) Director $0 – $0 (Estimated *) $128,720
Real Estate Development Manager $0 – $0 (Estimated *) $125,000
Business Intelligence (BI) Developer $92k – $100k $94,239
Vice President (VP), Information Technology (IT) $125k – $143k $138,234
Project Manager, (Unspecified Type / General) $50k – $151k $78,050
Vice President (VP), Investments $0 – $0 (Estimated *) $176,150
Executive Director, Non-Profit Organization $0 – $0 (Estimated *) $210,000
Human Resources Information Systems Specialist (HRIS)$0-$0(Estimated*)$55,448
Information Technology (IT) Operations Manager $0-$0(Estimated*) $94,714
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