Best Paying Jobs In Real Estate Investment Trusts In 2022
What are the best paying jobs in real estate investment trusts in 2022? How many jobs are available in real estate investment trusts? We are going to discuss these queries in detail.
A real estate investment trust is a company that owns commercial real estate that generates income such as offices, hospitals, apartments, hotels, etc., and even operates them. It allows investors to invest in and acquire high-value properties.
Types Of Real Estate Investment Trusts
Before we jump right into knowing about the best paying jobs in real estate investment trusts, you must have a fair knowledge of the different types of these that are available.
1. Equity REIT
An Equity REIT possesses physical properties as its main business stream and is thus considered to be a traditional real estate company. Being a full-stack owner as well as an operator, the property management is done by the equity REIT itself. However, they hire an external party for managing the assets.
2. Mortgage REIT
Mortgage REITs are more inclined towards investing in mortgage-related assets rather than in physical properties. As compared to the equity REIT, it is much more of a financial role. Thus, it is quite important to know about the investment factors for the mortgage REIT.
Apart from the equity and mortgage, there are several other REITs within the asset class. Some more of the best-paying jobs in real estate investment trusts available are mentioned below. Well, who knows, maybe you could find yourself working here someday.
3. Industrial REITs
Also known as logistics REITs, these companies primarily focus on the industrial sector. They own factories, warehouses, and even distribution centers.
4. Residential REITs
Residential Real Estate Investment Trusts (REITs) specialize in residential properties, including apartments, single-family homes, and multifamily units. These REITs generate income through rent payments from tenants.
The demand for housing, population growth, and economic factors influence their performance. Residential REITs offer investors exposure to the rental market without direct property ownership. Trends such as urbanization, lifestyle changes, and demographic shifts impact the residential real estate sector. Investors in Residential REITs aim to benefit from steady rental income and potential property appreciation in dynamic housing markets.
5. Office REITs
The office REITs tend to invest in specific office properties or geography. They own and manage such buildings which are even leased out to individuals or organizations. These properties can vary from IT parks to skyscrapers.
6. Retail REITs
Retail Real Estate Investment Trusts (REITs) specialize in owning and managing properties within the retail sector. These REITs typically invest in shopping centers, malls, and other retail spaces. Income is generated through rental income from retail tenants. The success of Retail REITs is closely tied to consumer spending habits and economic trends.
Challenges, such as the rise of e-commerce, have spurred innovation in adapting retail spaces for experiential and omnichannel retail strategies. Investors in Retail REITs seek returns from a diverse portfolio of retail properties in dynamic and evolving consumer markets.
7. Healthcare REITs
Any property aimed at providing healthcare facilities is owned by these REITs. Medical offices, stores, senior housing, and hospitals are included among the healthcare REITs.
8. Hospitality REITs
The income for Hospitality REITs is usually generated from the hotels and resorts they own. Not only that, but also the restaurants, bars, and stores present in such properties aid in their revenue generation.
How Many Jobs Are Available In Real Estate Investment Trusts?
How many jobs are available in real estate investment trusts? If you are keen enough to dig deep and learn more, real estate investment trusts can be a really good career path. This is one of the most rapid-growing sectors of the world and can take you up to the greatest heights.
We can consider REITs as the most critical economic engine of any country. If you are really interested, you can find some of the best-paying jobs in real estate investment trusts and soon become a pioneer in the industry.
What Are The Best Paying Jobs In Real Estate Investment Trusts?
Any organization around the world has different departments and different job functions or roles to perform. REIT is no exception. Ranging from back-office operations to customer relations are some of the job roles that are available in this sector. The best-paying jobs in real estate investment trusts are, however, not very easy to get.
You will need efficient knowledge and a required level of qualification to get through it. The functioning of REITs is quite simple. REITs generally maximize the cash flow in a tax-efficient way for investors by making them raise the amount to purchase or develop properties.
Below are some of the major departments that provide the best paying jobs in real estate investment trusts:
1. Development
The development department in Real Estate Investment Trusts is delegated to formulate and build new projects from the base and these are regarded as the best paying jobs in real estate investment trusts. This team basically deals with project management. Many contractors and sub-contractors are hired for the designing and construction of the properties.
The management calls for the heavy function to work with other functions for financing the property development. The best paying job in such a department would be the one of the Vice President of the project development.
2. Acquisitions
The acquisitions department is responsible for sourcing new investment opportunities and eventually putting closure on the deal. This same department provides some of the best-paying jobs in real estate investment trusts. The job of an analyst is the most commonly heard of.
However, these analysts begin their careers with a salary of around $80,000. And if one can make their way to the top, the role of Vice President of acquisitions would be waiting with a salary amounting to up to $200,000. But if you want to get into this sector, you must possess a hefty knowledge in marketing, capital markets, finance, and general business because it is a very finance-specific job role.
3. Investor Relations
The department of investor relations basically deals with the REIT shareholders and manages the entire communication process with them. Their team is responsible for planning the annual meeting and prepares the meeting documents, such as the proxy statement and annual report.
An employee in the mid-management of investor relations can earn up to $150,000 as a salary. However, you must boast an undergraduate degree with a background in finance and accounting to be eligible for the job role.
4. Property Management
Property management is a great career opportunity for settling in this industry. But being a property manager does not require any specific educational background. This job role calls for looking after the daily operations of maintaining a property which includes leasing, managing, and collecting rents.
However, you must have a lot of connections, good convincing ability, and other ways to keep things on track. It is one of the best-paying jobs in real estate investment trusts. Property managers can make up to an income of about $60,000-$80,000.
5. Real Estate Broker
If you are looking for the best-paying jobs in the real estate industry, you will find one great option called a Real estate broker. These professionals are great at negotiating prices for real estate properties. Their skill is impressive. On top of that, their salary is also impressive.
Also, you should know that real estate agents and brokers are not the same type of employees.
Brokers need to have a licence for dealing with real estate properties, and they need to pass the standard qualification test. These professionals specialized, and they were given certificates allowing them to work with different real estate agents.
The yearly salary for a real estate broker ranges from $160K per year.
6. Real Estate Investment Trust Analyst
Another well-paying job in the real estate investment trust is the role of REIT analyst. The analysts help the finance teams with processes such as disposition, acquisition, marketing, and financing properties.
Their work includes doing thorough research on the real estate market, analyzing data, and monitoring the real estate market. They help make wise decisions related to the industry and the transaction of different real estate properties.
Someone would require different degrees and skills such –
- A bachelor’s degree.
- Analytical skills.
- Research skills
- Organizational skills.
- Adequate knowledge of local property and financing.
7. Real Estate Property Appraiser
Real estate property appraisers are the most well-trained professionals when it comes to determining the worth of a property or appraising them. These properties can be residential, commercial, and have other different economic values.
This particular job role in the real estate industry would require someone to have a license and need proper education in appraiser courses.
Also, they should possibly come from educational backgrounds such as economics, finances, and real estate. The annual salary for a real estate property appraiser is –$53,000 per year.
8. Corporate Counsel/Legal Advisor
Corporate Counsel/Legal Advisors within REITs play a pivotal role in safeguarding legal interests. They ensure compliance with real estate laws, negotiate contracts, and manage legal risks associated with property transactions. By overseeing due diligence and addressing litigation, they contribute to the REIT’s legal integrity, fostering a secure and compliant operational environment.
9. Risk Manager
Risk Managers in REITs assess and mitigate potential risks tied to real estate investments. From evaluating market dynamics to implementing risk mitigation strategies, they safeguard the REIT against uncertainties. Their role extends to managing insurance, ensuring portfolio resilience, and monitoring compliance with risk management regulations. By proactively identifying and addressing risks, Risk Managers enhance the REIT’s financial stability and protect against unforeseen challenges in the dynamic real estate landscape.
10. Technology & Data Analysts
Technology and Data Analysts in REITs leverage data-driven insights to inform investment decisions and optimize operational efficiency. By analyzing real estate market trends, developing predictive models, and implementing technology solutions, they enhance the REIT’s decision-making capabilities. Their work extends to cybersecurity, ensuring the integrity of data. Technology and Data Analysts contribute to the REIT’s competitiveness by providing business intelligence, improving property management processes, and staying at the forefront of technological advancements in the ever-evolving real estate industry.
Best REIT Startups In 2024
Real estate is an excellent sector for jobs. The industry is vast and is slated to grow more with a rapidly growing population and demand for affordable housing. As a result, now is the right time if you are looking to break into the sector. But the question persists, ‘Where can I join?”Well, the designations have already been discussed. Now is the time to discuss the best firms where you can join. Here we go!
#1. strataprop.com
First up is Strata. Strata is currently one of India’s top platforms for premier real estate investment. The platform primarily deals in Grade-A properties and has a total worth of around 950+ Cr in AUM. Strata specializes in high-yielding commercial spaces like warehouses, industrial units, office spaces, etc.
#2. BuildSupply
Technology is a huge deal when it comes to modern real estate solutions. It can help solve several issues that need careful consideration. This is where BuildSupply comes in. Build Supply specializes in innovative technologies that trace and solve under-the-radar problems. The company is known for its high turnover and amicable work culture that allows freshers as well as veterans to grow equally.
#3. For Real
For Real is one of the youngest startups on our list. The company was founded back in 2022 and has already become one of the industry leaders in its bracket. For Real is primarily a tech company that provides its investors with the most transparent and easy-to-grasp solutions when it comes to real estate.
#4. PropertyBlink
Property Blink is also one of the newest real estate companies on our list. The company was founded in 2022 in Surat. The company primarily specializes in property buying, selling, leasing, etc. The company has a good network of residential and commercial properties. Therefore, it is a great firm to work with.
#5. Assets Galleria
Commercial real estate is a dicey business. However, Assets Galleria has figured out this part. Assets Galleria provides real estate solutions to people who want to buy commercial properties. The company deals explicitly in residential properties in and around Delhi NCR. The brand offers consultations as well as brokerage.
#6. DIGIPROP
The real estate industry is a vast and nuanced industry that needs different software solutions. Digiprop understands this gap and is actively trying to perfect its Sales Engagement Platform. The platform attempts to build a bridge between property buyers and sellers. This bridge allows a real estate firm to keep track of the sales. This is a critical software that has enormous potential in the future.
#7. Spaceyard Ventures
Spaceyard Venture was founded in 2014 in in Bangalore. The start-up provides a a simple solution to first time home-owners and helps them understand the complexity of having their own house. The firm primarily specializes in residential apartments, flats, villa houses, and other residential properties. The brand offers buying as well as leasing options. It is a rapidly growing firm. As a result, it is an excellent employment opportunity for someone who wants to explore this sector.
Frequently Asked Question (FAQs):
I hope from the above discussion, you have got an idea about the career or income opportunities that you have in real estate investment trusts or REITs. But still, if you have any other doubts you can share your queries with us.
We will try to get back to you as soon as possible. And I also do believe that our readers will also love to read them. But for now, here I am answering some questions that have been asked several times.
Ans: By selling, leasing, or renting the properties that they purchase, REITs make money. All the shareholders pick the board of directors, who are responsible for not only choosing the investments but also for hiring a team that will manage them on a daily basis.
Ans: Real estate investment trusts are total return investments. Typically they offer high dividends along with the potential for moderate, and long-term capital appreciation. With the returns of other equities, the relatively low correlation of the REIT stock returns along with fixed-income investments is also making REITs a great portfolio diversifier.
Ans: In most of the investment options including real estate investment trusts, you will not get guaranteed become-rich-quick routes. Indeed there are some REITs or real estate investment trusts that can double in the year 2022. But at the same time, they also can go the other way really easily.
Ans: There are plenty of REITs in the market, which pay monthly dividends. STAG industrial and AGNC Investment Corp. are some of the most popular monthly dividend payers.
Final Thoughts
Now you know all about the best-paying jobs in real estate investment trusts. However, most of these jobs require a professional qualification in accounting or finance in order to be able to match the strict reporting and regulatory requirements.
It is not only your educational background but also your attitude, personality, and other skills that will help you earn these jobs. Well, what more are you waiting for? Go on, get your applications ready today.
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