Global real estate investment trust is a comparatively new but fascinating asset sector in which people are interested in investing and getting jobs. When establishing plans for your financial objectives, you must take investment opportunities into account to produce additional cash flows.
And when the market conditions are favorable, investing in real estate is a wise course of action. You have a variety of possibilities for a real estate-related revenue stream, including real estate ownership, property management, and investing.
Real Estate Investment Trusts: What Are They?
REITs, or real estate investment trust and management firms, own and manage buildings. They take care of a range of real estate assets, including hotels, office buildings, shopping centers, and commercial forests.
In the US, REITs are the owners of assets totaling $3.5 trillion. These companies receive money from their real estate investments, which they subsequently have to distribute to the investors.
In specific situations, real estate investment trusts will also provide financing for real properties. In that they give investors the chance to own valuable assets and potentially profit from a consistent shared income, real estate investment trusts (REITs) are comparable to stock investments.
Top 8 Real Estate Investment Trust Jobs in 2023
Since it is projected that the real estate sector will grow over the coming years, it stands to reason that employment opportunities with REITs will face greater competition. Like in most professions, management and executive positions in REITs have the highest salaries.
Whatever your background or level of experience, there are still a number of lucrative chances in REITs. Individuals have the chance to participate in a portfolio of properties through REITs and share in the revenue the assets create. Additionally, REITs offer a variety of career prospects in the real estate market.
1. CEO/President
The top executive in a REIT is responsible for setting the company’s strategy, overseeing operations, and ensuring profitability. The average salary for a CEO in a REIT is around $200,000 to $300,000 per year.
2. CFO/Chief Financial Officer
The CFO is responsible for the financial management of a REIT (real estate investment trust), including accounting, budgeting, and financial reporting. The average salary for a CFO in a REIT is around $150,000 to $200,000 per year.
3. Portfolio Manager Jobs in Real Estate Investment Trust
A portfolio manager is responsible for overseeing a portfolio of properties and making investment decisions. The average salary for a portfolio manager in a REIT is around $120,000 to $150,000 per year.
4. Investment Manager
An investment manager is responsible for identifying and evaluating new investment opportunities, as well as managing existing investments. The average salary for an investment manager in a REIT is around $100,000 to $140,000 per year.
5. Agent of Real Estate
A real estate agent is one of the professions in the real estate sector that is constantly growing. They involve helping individuals buy or sell real estate.
Agents for residential real estate activity as a link between buyers and sellers. While some agents are experts in residential properties, others are more informed about commercial properties. There are numerous different sorts of real estate, such as homes, apartments, and beach properties.
6. Asset Manager Jobs in Real Estate Investment Trust
An asset manager is responsible for managing a portfolio of properties, including leasing, maintenance, and capital improvements. The average salary for an asset manager in a REIT is around $80,000 to $120,000 per year.
7. Real Estate Property Developer Jobs
The REIT industry’s brightest stars are real estate developers. They hold one of the most sought-after positions in the sector, with salaries between $80,000 and $100,000.
This position may require an MBA because the incumbent must oversee complicated projects from inception to completion. This includes managing contractors’ hiring and firing, remaining within budget, and making sure that development goes successfully. The value of your prior experience cannot be overstated.
8. Attorney or Lawyer Jobs in Real Estate Investment Trust
Another choice if you’re thinking about working in real estate investment trusts jobs is to become a lawyer. This is because attorneys can apply their knowledge to various types of legal proceedings, including loan agreements, real estate contracts, and other legal concerns.
A real estate attorney will handle all the legal paperwork necessary to purchase and manage real estate on behalf of their business and may even act as their representative if issues arise. Therefore, pursuing a career as a lawyer is something you should think about if you want to increase your income with a lucrative position in this industry next year.
Is Working for Real Estate Investment Trusts a Wise Career Move?
If you can find a position that best matches your skills and interests, REITs are undoubtedly an excellent career path. It is evident from the aforementioned employment samples that real estate investment trusts provide a variety of job options with respectable salaries.