How Many Jobs Are Available In Real Estate Investment Trusts In 2024
How Many Jobs Are Available In Real Estate Investment Trusts In 2024. The real estate industry is booming, which is excellent news for real estate investment trusts as they grow further. Anyone seeking a career opportunity with a REIT can enjoy the news that plenty of jobs are available. Kamerpower.com
Working in real estate investment trusts can be both fulfilling and financially rewarding, but you’ll need to be ready for both hard work and competition. When you’re considering a career in real estate, don’t forget to think long-term. But how many jobs are available in Real Estate Investment Trusts exactly? Is it a lucrative career for people looking to make a comfortable living?
What Is Real Estate Investment Trusts?
A real estate investment trust (REIT) is a public investment vehicle listed on a Stock Exchange. Furthermore, investors can even buy REIT ETFs to spread their investments among many real estate asset classes. A REIT owns and runs income-generating real estate and related income-producing assets.
Most common jobs available in real estate investment trusts in the US
- Real Estate Sales Supervisor – 77,000+ Jobs.
- Title Examiner – 20,000+ Jobs
- Property Manager – 117,000+ Jobs.
- Real Estate Administrative Assistant – 854,000+ Jobs.
- Real Estate Sales Associate – 148,000+ Jobs
- Real Estate Broker – 150,000+ Jobs.
- Appraiser – 33,000+ Jobs.
- Escrow Officer – 69,000+ Jobs
- Leasing Consultant – 62,000+ Jobs.
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How Many Jobs Are Available In Real Estate Investment Trusts
To answer how many jobs are available in real estate investment trusts – REIT organizations employ 308,000 people on a full-time basis. Moreover, real estate investment trusts are indirectly responsible for nearly 2.9 million full-time jobs.
Are REITs a Good Investment?
Anyone wanting to diversify their investment portfolio without increasing the risk too much should consider investing in a REIT. There is still some risk as no investment is perfect, but there are some benefits of growing wealth by investing in a real estate investment trust. The way a REIT works means it doesn’t pay corporate tax.
Types of Real Estate Investment Trusts
1. Mortgage REIT
Mortgage REITs involve investing in mortgage-related commodities instead of physical properties. In comparison to equity REITs, it has a significantly greater financial purpose.
2. Equity REIT
An Equity REIT is a classic real estate firm since it has physical assets as its main revenue stream. The equity REIT manages the property since it is both a full-stack owner and an operator. They do, however, appoint an outside company to manage the assets.
3. Office REIT
Office REITs mostly invest in particular office properties or geographic areas. They own and operate real estate, which is sometimes leased to people or groups. IT parks and skyscrapers are examples of these properties.
4. Industrial REIT
These enterprises, often known as logistics REITs, primarily serve the industrial sector. They own and manage factories, warehouses, and distribution facilities, among other things.
5. Healthcare REIT.
Healthcare REITs own hospitals, nursing homes, assisted living, and senior care facilities, in addition to other healthcare properties.
Top 10 Jobs Available in Real Estate Investment Trusts
1. Property Development
Working as a real estate developer is another method to profit from this expanding industry. A property developer manages contractors and subcontractors. They collaborate to plan and inspect the construction of a new property.
2. Property Management
Just like property developers, there are property managers. Property managers only need to meet a few standards compared to property developers. A real estate property manager’s job is to engage with clients and sell or rent out properties at the best rates based on market prices.
3. Real Estate Investor
One of the highest-paying careers in real estate trusts is becoming an investor. This is one of the most profitable job options in this sector. The role of a real estate investor entails purchasing real estate assets, creating value for them, and reselling them at a higher price.
4. Real Estate Attorney Jobs
Lawyers play an essential role in real estate investment trusts. For starters, they serve as the go-between for clients, sellers, and the REIT firm. Property ownership involves the signing of contracts. Therefore, attorneys must intervene as a mediator for the parties involved. Attorneys settle legal problems about property ownership and transactions. They negotiate title deed issuance, transfer, paperwork, and other legalities related to real estate ownership.
5. Real Estate Property Appraiser
A real estate property appraiser evaluates the worth of a residential or commercial property. The value of any property is influenced by various market and economic factors. Real Estate Property Appraisers keep track of all of these factors in order to determine the value of a property.
6. REIT Analysts
A REIT analyst works with the real estate and finance teams to acquire, sell, market, and finance properties. They contribute to the research, analysis, and monitoring of market trends. They help the organization make educated property decisions.
7. Leasing Consultant
Leasing Consultants act as the face of the real estate industry. They assist customers in locating property and homes that fit their budgets and requirements. It is a terrific place to start if someone wants to further their career and work their way up to roles like marketing director. A complete understanding of the local real estate market is required to succeed in this career path.
8. Investor Relations
The investor relations section primarily works with REIT shareholders to manage the entire communication flow. Their team is in charge of organizing and preparing for the annual meetings, such as the annual report and proxy statement.
9. Acquisitions
Acquisition positions in real estate investment trusts entail locating new investment options. These jobs also ensure that transactions are completed promptly. Acquisition positions in REIT are abundant but well-paying.
10. Asset Management
One of the highest-paying occupations within the REIT industry is asset management. An asset manager is in charge of the operational and financial performance of a REIT’s portfolio of assets.
