how many jobs are available in real estate investment trusts: A guide

Real estate investment trusts (REITs) are companies that own, operate, or finance income-producing properties.

REITs can invest in various types of real estate, such as office buildings, shopping malls, apartments, hotels, warehouses, and mortgages.

REITs are also a source of employment for many people who are interested in the real estate industry.

According to Indeed.com, there are over 2,600 jobs related to REITs in the United States as of August 2023.

These jobs range from entry-level positions to senior-level roles, and from operational functions to strategic ones.

Realestate agent [PHOTO COURTESY OF THE MOTLEY FEE]
Realestate agent [PHOTO COURTESY OF THE MOTLEY FEE]
In this article, we will explore some of the best-paying and most common jobs in REITs, and what qualifications and skills they require.

Best-Paying Jobs in REITs

According to Indeed.com, some of the best-paying jobs in REITs are:

  • Asset manager:

An asset manager is responsible for maximizing the value and performance of a portfolio of properties owned by a REIT.

They oversee the leasing, marketing, budgeting, and capital improvement of the properties, and work with property managers, brokers, contractors, and tenants.

An asset manager typically has a bachelor’s degree in real estate, finance, or business administration, and several years of experience in real estate management or investment.

The average salary for an asset manager in REITs is $97,512 per year.

AN image of development manager
Development realestate manager [PHOTO COURTESY OF POSTREDI]
  • Development manager:

A development manager is responsible for overseeing the planning, design, construction, and delivery of new or renovated properties for a REIT.

They manage the project timeline, budget, quality, and risk, and coordinate with internal and external stakeholders such as architects, engineers, contractors, consultants, and regulators.

A development manager typically has a bachelor’s degree in engineering, architecture, construction management, or related field, and several years of experience in real estate development or construction.

The average salary for a development manager in REITs is $95,561 per year.

  • Acquisitions manager:

An acquisitions manager is responsible for identifying, evaluating, negotiating, and closing potential property acquisitions for a REIT.

They conduct market research, financial analysis, due diligence, and valuation of the target properties, and prepare investment proposals and recommendations.

An acquisitions manager typically has a bachelor’s degree in finance, accounting, economics, or related field, and several years of experience in real estate investment or banking.

The average salary for an acquisitions manager in REITs is $94,590 per year.

  • Investor relations manager:

An investor relations manager is responsible for communicating with current and prospective investors of a REIT.

They provide financial information, market updates, strategic plans, and performance results of the REIT to the investors and analysts.

An investor relations manager typically has a bachelor’s degree in finance, communications, or related field.

The average salary for an investor relations manager in REITs is $92, 892 per year.

Most Common Jobs in REITs

According to Indeed.com, some of the most common jobs in REITs are:

a real estate agent
Real estate agent [PHOTO COURTESY OF NERDWALLET]
  • Property manager:

A property manager oversees the daily operations of designated real estate owned by a REIT.

They collect rent, manage maintenance requests, and oversee the property’s budget.

Property management also involves adhering to landlord-tenant regulations and leasing vacant units.

A property manager typically has a high school diploma or equivalent, and some experience in property management or customer service.

The average salary for a property manager in REITs is $56, 223 per year.

  • Inbound sales representative:

An inbound sales representative in the real estate industry uses their marketing and persuasion skills to generate new leads for a REIT.

They accept calls from aspiring buyers or contact real estate investors who might be interested in expanding their portfolios.

Other duties include resolving client complaints, scheduling client appointments, and making follow-up calls.

An inbound sales representative typically has a high school diploma or equivalent, and some experience in sales or customer service.

The average salary for an inbound sales representative in REITs is $62, 542 per year.

  • Analyst:

An analyst researches patterns and trends to generate meaningful insights for a REIT.

They use publicly accessible data and create impactful strategies to improve the overall productivity and financial growth of the company.

An analyst might employ advanced data mining tools to help streamline the data collection process, further enhancing their ability to conduct relevant analysis and research.

An analyst typically has a bachelor’s degree in finance, economics, statistics, or related field, and some experience in data analysis or business intelligence.

The average salary for an analyst in REITs is $67, 545 per year.

Conclusion

REITs are not only a way to invest in real estate, but also a way to work in the real estate industry.

There are many jobs available in REITs that suit different interests, skills, and qualifications.

Whether you want to manage properties, sell properties, buy properties, or analyze properties, there is a job for you in REITs.

You can also network with professionals who work in REITs and learn from their experiences and advice.

Working in REITs can be rewarding and challenging, and can offer you a chance to make a difference in the real estate market.

Leave a Comment