Everyone knows the real estate market is growing, and that includes real estate investment trusts (REITs). This makes people wonder: What are the highest-paying jobs in REIT companies?
So, are you also interested in the real estate market but aren’t sure about a specific role, exploring the best-paying jobs in real estate investment trusts could be a great option.
In this article, we list 19 of the best paying jobs in Real Estate Investment Trusts (REITs), shedding light on the roles that promise both financial rewards and career satisfaction.
But first, let’s give you a clear picture of what REITs are.
What Are Real Estate Investment Trusts And How Do They Work?
Real Estate Investment Trusts, or REITs, are like investment companies for real estate. When you invest in a REIT, you’re joining a group of people who pool their money to buy and manage different kinds of real estate, like apartments, offices, or shopping malls.
The cool part? You don’t have to worry about being a landlord or fixing leaky faucets. The money these properties make, usually from rent, gets shared among all the people in the REIT. Plus, REITs are traded on the stock market, so it’s kinda like buying and selling shares of a company.
It’s a way for regular folks to invest in real estate without the hassle of buying a whole building themselves. And, just like when you invest in a company and get dividends, with REITs, you often get a slice of the profits in the form of dividends too!
REITs are mostly formed by real estate companies who act as sponsors. The company picks a trustee. The trustee’s job is to hold onto the real estate assets for the trust. But, the trustee doesn’t control these assets directly.
After getting the power, the trustee chooses a manager. This manager takes care of the assets, handles them, and makes investment choices for the real estate investment trust every now and then.
Furthermore, REITs only put money into things that can make them the most money. Things like resorts, shopping malls, offices, warehouses, hotels, and more are the kinds of places they invest in.
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Different Types of Real Estate Investment Trusts
Real Estate Investment Trusts (REITs) come in various types, each with its own focus and investment strategy:
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Equity REITs:
Equity REIT is a particular kind of real estate investment trust that owns and manages income-generating real estate properties, and they often focus on specific sectors like residential, commercial, or industrial real estate.
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Mortgage REITs:
Instead of owning properties, Mortgage REITs invest in real estate mortgages or mortgage-backed securities. They make money through interest earned on these investments and can be sensitive to changes in interest rates.
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Hybrid REITs:
As the name suggests, Hybrid REITs combine elements of both equity and mortgage REITs. They own properties and also invest in mortgages or other real estate-related assets to diversify their revenue streams.
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Public and Private REITs:
Public Real Estate Investment Trusts (REITs) are traded on stock exchanges, allowing anyone to buy shares. They own and manage income-generating properties, distributing a significant portion of their income as dividends.
Private REITs, on the other hand, are not publicly traded. They typically require larger investments and are often limited to accredited investors. Private REITs may have a more targeted focus on specific property types and offer less liquidity compared to their public counterparts.
Are Real Estate Investment Trusts A Good Career Path?
Yes, according to research, U.S. REITs own nearly $4.5 trillion worth of gross real estate as of 2021, implying a substantial and influential presence in the real estate market. So, starting a career in real estate investment trusts (REITs) is a great move in today’s job environment, but it might be a bit tricky initially. To succeed, you need the right knowledge, information, and skills. The industry has some really smart people, both nationally and internationally.
Managing things in a REIT can be tough, but the returns are worth it. However, because the market can be unpredictable, it’s a bit challenging for analysts to predict what will happen with assets.
To begin a career in REITs, you might start from the bottom and work your way up. If you’re smart and contribute to your company’s success, your career can grow fast. The rewards of a REIT career are quite appealing.
If you enjoy taking risks and understand the financial market, this career can be really rewarding for you.
Best Paying Jobs in Real Estate Investment Trusts
Here are 23 of the best-paying jobs in real estate investment trusts.
1. Property Manager:
Overseeing the daily operations of individual properties within the REIT portfolio, property managers handle tenant relations, maintenance, and rent collection. While the average salary hovers around $60,000, exceptional performance and experience can unlock higher compensation packages.
2. Market Analyst:
Market analysts monitor industry trends, assess property values, and inform investment decisions. They use publicly accessible data and create impactful strategies to maximize the overall productivity and financial growth of the company. This crucial role demands strong analytical skills and sector knowledge, paving the way for salaries ranging from $70,000 to $120,000.
3. Real Estate Agent:
Real estate agents are professionals who assist in property transactions within the REIT portfolio. They play a role in acquiring, selling, and managing real estate assets for the REIT. Agents work under the supervision of real estate brokers to help facilitate the closing of a property. The more business contracts they sign, the more they’ll earn, considering salaries are commission-based.
The pay scale ranges from $45,000 to $112,000 annually.
4. Realtor:
Real estate agents and Realtors are often misunderstood by home buyers. Even though they’re alike, they’re not exactly the same.
A real estate agent is a licensed professional who can help people buy or sell property. On the other hand, a Realtor is a specific type of real estate agent who is a member of the National Association of Realtors (NAR). While all Realtors are real estate agents, not all real estate agents are Realtors. The term “Realtor” signifies that the agent is a member of a professional association that adheres to a specific code of ethics and standards.
So, essentially, all Realtors are real estate agents, but being a real estate agent doesn’t automatically make someone a Realtor. Realtors can earn an average of $36,090 – $100,000 annually.
5. Real Estate Broker:
A Real Estate Broker is like a captain in the world of home buying and selling. They oversee real estate agents and make sure everything runs smoothly. Brokers have extra training and responsibility compared to regular agents. They need to have a license for dealing with real estate properties, and also need to pass the standard qualification test.
As for their salary, it varies, but they often earn more than agents. On average, a Real Estate Broker in the United States might make anywhere from $50,000 to $160,000 or more per year, depending on their experience and success.
6. Investor Relations Officer:
The real estate investment trust investor relation officer has an important job. They manage the communication efforts between an organization’s executive members and investors. Their main tasks include looking at money models, keeping investors happy, writing news releases and presentations, and teaching others in the company how to talk to the public.
To do this job well, they need to be good at talking with people and making decisions on their own. A person doing this job might earn a salary between $112,905 and $159,408, depending on how much experience they have and the company they work for.
7. Property Developer:
A Property Developer is like a creative architect in the real estate world. They come up with ideas for new buildings or improve existing ones. They plan and oversee construction projects, making sure everything is built just right.
A real estate developer identifies a proper location, collaborates with various stakeholders, including architects, contractors, and local authorities, and also organizes repairs and leases properties.
Their salary can vary within the range of $70,000 to $130,000 per year, depending on their experience, the size of the projects they handle, and the location where they work.
8. Real Estate Property Appraiser:
The real estate property appraiser is in charge of determining the worth of a property. They figure out how much a house is worth by looking at its features, and location, and comparing it to other similar homes. They play a key role in deciding the fair value of a property.
As for their salary, it varies. On average, a Real Estate Property Appraiser might earn between $50,000 and $75,000 per year. Their pay depends on their experience, the types of properties they appraise, and where they work.
9. Asset Manager:
Asset managers are responsible for the management and optimization of a real estate portfolio. They take care of properties, making sure they make money and stay in good shape. They handle things like rent, budgets, and property improvements.
As for their salary, it can vary. On average, a Real Estate Assets Manager might earn between $150,000 and $250,000 per year.
10. Real Estate Attorney:
A Real Estate Attorney is like a legal expert for property matters. They help people with legal stuff related to buying, selling, or owning homes. They review contracts, handle legal documents, and make sure everything is lawful in real estate deals.
On average, a Real Estate Attorney might earn between $100,000 and $250,000 per year. Their pay depends on their experience, the complexity of the legal issues they deal with, and where they work.
11. Leasing agent:
A leasing agent helps renters find apartments or homes that fit their needs. Leasing Agents show properties, explain lease terms, and make sure everything is set for someone to move in.
Leasing Agents can earn between $30,000 and $60,000 per year.
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12. Drafter:
Drafters are important in turning designs into plans. They work with architects and engineers to meet what clients want in structures and designs. Drafters can earn between $36,590 and $83,740 per year.
13. Acquisition Specialist:
An acquisition specialist’s job is to discover real estate deals and show them to the portfolio and asset managers for a closer look. They also ensure that a REIT doesn’t overpay for precious land or property. It’s a special role for people who are friendly and good at talking with clients. These specialists can make around $100,000 to $300,000. Top performers in this arena can earn upwards of $500,000, with bonuses and commissions often exceeding annual base salaries.
14. Tax Specialist:
People who specialize in taxes for real estate investment trusts know a lot about real estate tax rules. They talk with the Portfolio Manager about ways to save money on taxes. A tax specialist might earn between $75,000 and $125,000, especially if they’re really good at it.
15. Subcontractor:
A Subcontractor is like a specialist who helps with building projects. When a big construction job needs specific tasks, like plumbing or electrical work, a subcontractor steps in. They do the specialized parts of the job, like putting in pipes or wiring.
As for their pay, it can vary. On average, a Subcontractor might earn between $40,000 and $80,000 per year. The salary depends on their expertise, the type of work they do, and where they work.
16. Service Associate:
A service associate in real estate investment trusts helps customers by answering questions and keeping a friendly attitude. They’re like the company’s friendly face and voice, always listening politely to customers and making sure they get what they need. A service associate can earn around $31,559 to $40,557 in pay.
17. Administrative Assistant:
An administrative assistant in real estate investment trusts does things like planning meetings, booking travel, and organizing appointments. They also answer calls and do other office tasks. Administrative assistants can make a salary between $38,164 and $48,196.
18. Human Resources Manager:
The human resource manager in a real estate investment trust is the person who helps in the selection and recruitment of new people to join the team, keeps track of how much everyone gets paid, sets up training sessions, and evaluates how well everyone is doing at work. Human resource managers can earn between $76,000 and $228,000.
19. Marketing Manager:
The marketing manager in a real estate investment trust makes plans for how to reach more people, approves marketing materials, creates campaigns to get noticed, and looks at what’s popular on social media. They need to be creative. A marketing manager can earn a salary between $95,796 and $129,567.
20. Chief Financial Officer:
The CFO takes care of how much money the company makes and spends. They keep an eye on cash flow, meticulously manage budgets, ensure financial compliance, and navigate investments.
For doing these money jobs, they suggest plans to fix things and make predictions so the big bosses can decide if they should invest more or cut spending. The average salary for a CFO in a REIT is usually between $150,000 and $350,000 per year.
21. Chief Operating Officer:
The Chief Operating Officer (COO) is like the manager who supervises the REIT’s daily operations. They make sure everything runs smoothly in the company’s day-to-day work. The average salary for a COO in a REIT is around $300,000 to $500,000 per year.
22. Chief Executive Officer:
The CEO is the big boss in a REIT, making the most money. Steering the ship from the helm, the CEO sets the strategic direction of the REIT, oversees operations, and drives profitability. They decide the company’s plans and work closely with the board to set long-term goals. The average salary for a CEO in a REIT is around $300,000 to $1 million per year, often supplemented by significant bonuses and equity incentives.
Benefits of Working For a REIT
While it does pay well to work for a REIT, what other benefits does it provide?
- More job security: You can feel safe knowing that your job in the real estate industry will always be important, even when things in the economy change.
- Chances to move up in your career: As you get better at your job, there are lots of opportunities to get promoted in the REIT industry.
- A flexible work setup: Many REITs let their employees choose when they work, making it easier to balance work and life.
- More ways to earn: Besides getting a good salary, REITs often give bonuses and let employees own some company stocks, giving them more ways to make money.
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Requirements and Skills for Working in Real Estate Investment Trusts (REITs)
Education:
Bachelor’s degree in finance, real estate, or a related field.
Skills:
- Financial acumen and analytical skills.
- Effective communication and negotiation abilities.
- Attention to detail and legal understanding.
- Networking and relationship-building skills.
Experience:
Previous experience in real estate, finance, or related industries is preferred.
Certifications:
Relevant professional certifications (CFA, CCIM, RPA) are advantageous.
Licensing:
A real estate license may be required, depending on the role and jurisdiction.
How to Find the Best Paying Jobs in Real Estate Investment Trusts?
To land your dream job in Real Estate Investment Trusts (REITs), consider the following steps:
- Research Job Roles: Understand the various roles within REITs, such as portfolio managers, financial analysts, or asset managers. Identify positions that align with your skills and interests.
- Educational Background: Some roles may require specific qualifications. Ensure your education or skill set matches the requirements of the job you are interested in.
- Gain Relevant Experience: Acquire experience in the real estate or finance industry. Internships, entry-level positions, or related roles can build a foundation for REIT positions.
- Strong Networking: Attend industry events, connect with professionals on platforms like LinkedIn, and seek informational interviews. Networking can open doors to hidden job opportunities.
- Stay Informed About the Market: Keep yourself updated on real estate trends, market conditions, and the financial landscape. This knowledge can be valuable during interviews and in demonstrating your understanding of the industry.
- Tailor Your Resume: Customize your resume to highlight relevant skills and experiences related to real estate, finance, and any specific requirements of the REIT job you are applying for.
- Apply Strategically: Target positions that align with your career goals and qualifications. Apply to reputable REITs or real estate firms with a strong track record.
- Prepare for Interviews: Be ready to discuss your understanding of REITs, your relevant experiences, and how your skills can contribute to the success of the organization.
- Utilize Online Job Platforms: Explore job portals, company websites, and specialized real estate job boards to find open positions in REITs.
- Consider Professional Certifications: Certain certifications, such as the Chartered Financial Analyst (CFA) or Chartered Alternative Investment Analyst (CAIA), can enhance your qualifications in the finance and real estate sectors.
Where To Find The Best-Paying Jobs In Real Estate Investment Trusts
To discover the best-paying jobs in Real Estate Investment Trusts (REITs), consider exploring the following avenues:
- Industry-Specific Job Boards: Utilize specialized job platforms focusing on real estate and finance. Websites like SelectLeaders, Nareit, or Indeed’s Real Estate section often list high-paying positions in the REIT sector.
- Company Websites: Visit the career pages of major REITs and real estate firms. Companies like Simon Property Group, Prologis, or Equity Residential regularly post job openings, including well-compensated positions.
- LinkedIn: Leverage LinkedIn to connect with professionals in the REIT industry, follow relevant companies, and stay updated on job postings. Many companies use LinkedIn to share career opportunities.
- Executive Search Firms: Consider reaching out to executive search firms specializing in real estate and finance. These firms often have insights into high-level positions within REITs.
- Industry Conferences and Events: Attend real estate conferences, networking events, or industry seminars. These gatherings provide opportunities to meet professionals in the field and discover potential job openings.
Takeaway
Diving into the world of Real Estate Investment Trusts (REITs) opens the door to an exciting and rewarding career path. With abundant opportunities, diverse high-paying roles await individuals with the necessary skills and expertise. The REIT industry not only offers consistent income but also comprehensive benefits, including insurance. As seen through the numerous job opportunities in real estate, choosing a career in REITs provides a fulfilling and promising journey. So, step into the realm of Real Estate Investment Trusts with curiosity, creativity, and a dedication to excellence. Your rewarding career awaits.
Frequently Asked Questions (FAQs)
Is It Profitable To Work For A Reit?
Yes, working for a Real Estate Investment Trust (REIT) can be financially rewarding. These organizations often provide competitive salaries, financial incentives like bonuses and stock options, and a stable work environment. The real estate industry’s fundamental nature contributes to job security, and comprehensive benefits packages are typically part of the compensation. Additionally, the REIT sector offers opportunities for career growth, enhancing the overall profitability of working in this field.
Can you make good money from REITs?
Yes, it’s possible to make good money from Real Estate Investment Trusts (REITs). REITs can provide investors with a steady stream of income through dividends, and the potential for capital appreciation adds to the overall profitability. However, success in REIT investments, like any investment, depends on various factors including market conditions, economic trends, and individual financial goals. It’s important to conduct thorough research and consider the associated risks before investing in REITs.
How Much Can You Earn Working For REITs?
Working for Real Estate Investment Trusts (REITs) can be financially rewarding. Salaries vary depending on factors such as the specific role, level of expertise, and the company’s size. In general, positions within REITs often offer competitive pay, and some roles, especially those at higher levels, can come with substantial earning potential. Beyond base salaries, REIT employees may have additional opportunities for bonuses, stock options, and other financial incentives. Overall, the earning potential in the REIT sector is attractive, making it a compelling choice for those seeking a lucrative career in real estate.
Can You Get Rich Investing In REITs?
Most investment options, like Real Estate Investment Trusts (REITs), don’t promise a quick way to get rich. While there are REITs that might double, there’s also a risk they could go in the opposite direction quite easily.
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