How Many Jobs Are Available In Real Estate Investment Trusts?

How many jobs are available in real estate investment trusts? How to qualify for real estate investment trusts (REITs) jobs? What are the best paying jobs in real estate investment trusts? 

If you are searching for the above queries, then you are reading the correct blog! There are several best paying jobs available in REITs that you can consider before choosing this as your career path. 

Real estate investment trusts are actually the companies that fund income-generating real estate assets and own commercial properties. However, it is not that easy to get a job in real estate investment trusts because there are various requirements for an individual or firm to qualify as REITs.

What Are Real Estate Investment Trusts?

According to Indeed.com, “Real estate investment trusts focus on acquiring or funding income-producing properties in a portfolio. Portfolio holders can have investments in various real estate properties without owning them. These portfolios allow investors to disperse their investments over various real estate properties and leverage their income-earning abilities.” 

The following are some of the most common real estate investment trusts to consider: 

Equity: These types of investments mostly focus on hotels, apartment buildings, and other types of buildings that have a large rental income. 

Mortgage: Mortgage REITs gain their income through paid interest on loans. This is because these REITs own property mortgages. 

Hybrid: These REITs gain their income through both equity and mortgage processes.

Why Consider Real Estate Investment Trusts?

You must consider real estate investment trusts because these are total-return investments and can be the best option for your retirement. Many individuals in the United States consider this as their retirement savings, and others to meet their day-to-day expenses.

Similar to stocks, REITs provide long-term total returns and generate a steady stream of income via various market conditions. If the firm meets the requirements of REITs, it will get big tax advantages. 

Requirements To Qualify As Real Estate Investment Trusts (REITs)

Now, let’s discuss the top requirements for a company to qualify as a real estate investment trusts (REITs). These requirements are listed below:

i). Invest a minimum of 75% of total assets in real estate. 

ii). Have no more than 50% of its shares. 

iii). Have a minimum of 50% of its shares held by five or fewer people

iv). Should be managed by a board of directors or trustees. 

v). Pay a minimum of 90% of its taxable income.

How Many Jobs Are Available In Real Estate Investment Trusts In 2024?

 

There are many posts available in REITs if you are searching for how many jobs are available in real estate investment trusts. The best paying jobs in real estate investment trusts are asset manager, development, acquisitions, and investor relations. 

The vacancy of the job numbers in real estate investment trusts varies and according to indeed, there are over 1k jobs available in REITs. Besides, there are certain requirements for each job role and you must fulfill the same.

Currently (as of March 2024), there are 1,883,400 jobs in the REIT industry. Hence, if you are considering a career in this industry, there seem to be a lot of opportunities for you.  

Here are the four best paying jobs in real estate investment trusts

1. REITs Analysts Jobs

REITs Analyst roles are to analyze and research new business opportunities. Some of the roles are associated with financial marketing and leasing-related jobs. The REIT analysts are developing a model to evaluate the current assets and purchase items statistics.

REIT analysts are handling the company’s official websites. Then, keep track of the individual social media accounts. They also maintain the company’s GIS systems. REIT analysts generate a good income for individual family portfolios.

Here are a few skill sets that every REIT analyst should have.

• Research skill
• Organizational skillset
• Local market research skill
• Have a degree in finance and REIT subjects.

2. Real Estate Attorney Job

Real estate attorneys are another great selection in the REIT job types. How many jobs are available in real estate investment trusts? REIT attorneys are one of the best-earning job types in the REIT industry. Attorneys are shorting out the legal disputes of real estate legal contracts. The attorneys of the REIT are helping the buyers and sellers. Real estate property attorneys handle any type of property-related disputes.

But if you want to select your career in this field, you need professional certifications for it. That means after you graduate with these subjects, you will get the chance to do the job of a real estate attorney.

3. Property Development Manager’s Jobs

The property developments in the REIT departments are a great way to benefit. Property development managers handle all sorts of development projects. They are all doing the jobs related to designing and constructing a new property.

Working as a property developer is another way to benefit from this growing industry. The property developers handle all the design- and construction-related documents. They work together and inspect the building property.

4. Asset Management Roles

Asset management functions are simple. They are collaborating with the accounting, financing, and development teams. Individual Asset management is the main work area of the REIT asset managers.

For the VP position, you have to hold a bachelor’s degree with the corresponding courses. But apart from the degree, you can gather the experience through asset management work and then start to earn. Apart from the VP roles, there are many traditional regular asset management roles from which you can start your career.

Is Real Estate Investing A Good Career? – 2024 Update

Is real estate investment trusts a good career path? Of course, the returns on investment that you receive via this asset are truly unbelievable. Some of the top benefits of REITs include the following:

1. Liquidity:

Buying and selling of real estate properties take time, but if you own a real estate investment trusts, you can sell it at any time you want. Without a doubt, This is one of the major benefits of owning REITs. You can get your funds in just a few clicks. 

2. Portfolio Diversification:

Portfolio diversification is a good thing. If you view this from a technical aspect, REITs would be stocks. Thus, this adds steady and predictable income for a longer period of time. 

3. Access To Commercial Real Estate:

REITs allow investors to put their money to work in assets, and this is the primary reason why real estate investment trusts were created. This is one of the reasons why real estate investing is a good career.

4. Total Return Potential:

Real estate investment trusts have the potential for capital appreciation. When merged with high dividends, REITs can be great total return investments. Real estate trends increase over time and it provides a heart value to your job career as well. 

5. High Dividend Yields:

REITs tend to have above-average dividend yields because they are required to pay a minimum of 90% of taxable income to shareholders. So, those investors who want to gain huge returns over time must invest in REITs.

What to Expect from a Real Estate Investment Trust Career Path? 

The following are some of the major aspects you will need to keep in mind if you want to have a career in REITs: 

• Since different REITs have different objectives, their demands differ from place to place. For example, if you go to an equity REIT, it significantly differs from a mortgage REIT when it comes to investment objectives. Furthermore, depending on the position you are applying for, you will need to show different levels of expertise. 
• If you want to start a career in this field, you will need to know that in some places, there is a higher barrier to entry. Hence, it is important to develop your experience and start networking beforehand. This will help you kickstart your career. 
• As the name suggests, you will need to have an affinity for real estate businesses. Furthermore, you must also specialize in certain real estate types and locations. This will help you in the management process in a better way. 

Major Pros and Cons of Working in REITs 

The following are some of the major pros and cons that you need to know if you want to start a career in REITs: 

Pros 

Here are some of the major pros of working in REITs that you will benefit from: 

• There is a higher income potential with certain roles in REITs. Furthermore, if you join a commercial real estate company, you will earn based on the performance of the company. Hence, some of the major REITs have really good salaries and rewards for their employees. 
• If you love working with data and numbers, this career is a great option for you. Moreover, if you are adept at conducting data-backed market analysis, you can have a lot of opportunities. 
• Since real estate deals with tangible assets, it is easier to understand the business as compared to other investment options. 

Cons 

Here are a few cons of REITs that you will need to be aware of: 

• In some job roles, you will need to travel a lot. Although it can be enjoyable for some, others might find it time-consuming and stressful. 
• Commercial real estate transactions take many months and are complex at the same time. Hence, you might come across many situations when you are stuck. 
• Since the real estate market is volatile, there are strong fluctuations. This will require you to stay updated at all times.

Frequently Asked Questions (FAQs) About REIT

The following are some of the most common questions about real estate investment trusts: 

What Percentage Of REITs Is Commonly Paying Out To The Investors?

Usual percentages are nine to ten percent. These costs are lowering the value of the investments by a significant amount. Most of the REITs payout 100% of the taxable income to their individual shareholders.

Are There Any Disadvantages Of A Real Estate Investment Trust?

Here are the disadvantages of REITs.

• Weak growth potential.
• REIT does not have any control over the returns and performances.
• Has great potential with high risks and fees.
• REITs payout 90% of their profits to their investors in dividends.

Do REITs Are Paying The Taxes?

The majority of the REIT dividends are taxable and ordinary incomes are returning with more than 37% of the amounts. Taxpayers are generally deducted 20% of the combined qualified business income amount. This is for the tax.

Closing Thoughts

Real estate investment trusts are regarded as the best way to add income and growth to your portfolio without having many fears. If you are willing to work in real estate investment trusts, the above listed are the number of jobs that are available in REITs. Besides, you can also list some more data in the comment section below if you know about the job hiring jobs available in real estate investment trusts. 

Read Also:

• Credit Reference – What Is It? How Does It Help The Applicants?
• Everything You Need To Know About Real Estate Photographers
• Most Purchase Agreements Are Contingent On Which Two Items?