How Many Jobs Are Available in Real Estate Investment Trusts
A real estate investment trust is a firm that owns, operates, or leases income-generating real estate. These could be either residential or commercial buildings. The companies that own these buildings are Real Estate Investment Trusts. Depending on long-term leases that let the investors generate profit without directly investing in the property, the facilities/properties owned by the trust are a source of income.
They cater to real estate investment trusts based on property type and services.
- Mortgage
- Diversified or Combination
- Official/Industrial
- Residential
- Retail
- Lodging/ Resort
- Health Care
- Data Centers
- Infrastructure
- Timberlands
- Specialty
More than 140 million Americans have invested in real estate investment trusts in the last few years. Exposure to real estate investment trusts can be rewarded by an employer’s 401(k) or another retirement plan.
Dividend yields, independence from the S&P 500 performance, easy liquidity, and tax savings are just a few of the benefits offered by these trusts.
Let’s study the types of Real Estate Investment Funds in more detail now that we have seen the tax benefits of the trusts.
How Many Jobs Are Available in Real Estate Investment Trusts?
Now here comes the question how many jobs are available in the real estate investment trusts sectors?
Top 5 Jobs Which Are Available in Real Estate Investment Trusts
There are plenty of opportunities in Real Estate Investment Trusts, no matter what discipline you are from. There are 326,000 jobs in real estate investment trusts in the US, and there are an additional more than 30 lac jobs that are indirectly tied to the REIT sector.
Assets acquisition, and property management, are high-paying positions available in real estate investment trusts.
There are several high paying and intriguing positions in real estate investment trusts.
| Job Title | Jobs In The U.S. | 2020-2030 Growth | New Job Openings |
| Administrative Assistant | 854,000+ | -7% | 73,000+ |
| Real Estate Broker | 150,000+ | 7% | 23,000+ |
| Real Estate Sales Associate | 148,000+ | 7% | 150,000+ |
| Real Estate Consultant | 147,000+ | 7% | 30,000+ |
| Property Manager | 117,000+ | 7% | 20,000+ |
| Real Estate Sales Supervisor | 77,000+ | 7% | 26,000+ |
| Real Estate Escrow Officer | 69,000+ | 8% | 74,000+ |
| Leasing Consultant | 62,000+ | 7% | 15,000+ |
| Property Appraiser | 33,000+ | 7% | 22,000+ |
| Title Examiner | 20,000+ | 6% | 3,000+ |
Property Developer
As a real estate developer, the first thing you are expected to do is to make huge profits and get support in expanding the industry. To plan and inspect the new properties that are under construction or completed, you would need to coordinate with the contractors and the subcontractors.
If you have a degree in civil engineering, architecture, business, or urban planning, then you are the one who could help the team here.
The fundamental abilities of a property developer are listed below.
- In-depth knowledge of how finance works.
- Insider knowledge and resources can keep you up to date with the market.
- Communication and organizational skills are necessary to get things done.
Property Management Role
The designation of property manager in the list is similar to real estate developers. There are only a few factors one needs to consider while discussing property management. There are some requirements that property managers need to adhere to. The major expectations from a real estate property manager are engaging with clients and selling or renting properties at the best prices.
A property manager in a real estate investment trust needs these skills to succeed.
- Managerial Skills
- Expertise in Marketing
- Customer service abilities
- Good Understanding of Finance
- Aptitude for Solving Problems
Acquisition Team Member
The complete domain is associated with the acquisition positions. There is no limit to the number of properties one can get listed under the investment trusts, so there are plenty of opportunities for an acquisition team member.
These jobs are in great demand and are high paying. This is exactly what you have been looking for if you have expertise in finance, marketing, business, or capital market.
If you want to work with the companies you want to work with, you need to remove your resume from that file and share it with them.
Asset Management
The Asse Manager is one of the highest-paid positions in the real estate industry. You are expected to take care of the operational and financial deliverables of the assets in the portfolio if you join REIT in this position. Property management or acquisition management are the first two steps in asset management. Someone with the required skills can beat the competition and get the maximum output from the market.
The employee needs to communicate with other departments like acquisitions, accounting, development, and finance.
This is the job to match your vision if you think you can help a real estate investment trust expand its business.
Leasing Consultant
The face of the real estate industry is the leasing consultant. They help clients find homes and properties that fit their needs and budgets.
They assist the customers to make purchases.
If someone wants to grow in their profession and become a marketing director, a leasing consultant is an excellent place to start. You need to be aware of the local real estate market to succeed as a leasing consultant.
A candidate for this position needs to be good at advertising and promotion. Soft skills can be improved through prior work in the retail or hotel sectors.