You might have heard the name of the real estate investment trust. This company owns commercial real estate like offices, hospitals, apartments, hotels, etc., and even operates them and helps investors to invest in and acquire high-value properties. If you want to know more about the details of how many jobs are available in real estate investment trusts, the best paying jobs in real estate investment trusts, and so on, continue reading.
What is a Real Estate Investment Trust?
Before going through the best paying jobs in a real estate investment trust, let’s see what is a Real Estate Investment Trust? The most general definition is that a real estate investment trust or REIT is a company that holds, manages, or finances income-generating real estate. While these companies generate a steady income stream for investors, they offer little in the way of capital appreciation. Also, I have to mention that most REITs will trade publicly like stocks. So unlike the physical real estate investments, they would be highly liquid. In Total, REITs could invest in all types of real estate properties such as apartment buildings, cell towers, data centers, hotels, medical facilities, offices, retail centers, and warehouses.
How Do Real Estate Investment Trusts Work?
Is real estate investment trusts a good career path? If you’re looking for the answer to this question or want to find the best paying jobs in real estate investment trusts, you have to know how the REIT works.
The REITs had been established in 1960 to allow investors to buy shares in commercial real estate portfolios. Previously, it was available only to wealthy individuals and through large financial intermediates. A REIT portfolio would include different properties such as apartment complexes, data centers, healthcare facilities, hotels, infrastructure—in the form of fiber cables, cell towers, and energy pipelines—office buildings, retail centers, self-storage, timberland, and warehouses.
While most REITs specialize in a specific real estate sector, some of them hold different types of properties in their portfolios, like office and retail properties. Also, I have to state that REITs are usually traded publicly on major securities exchanges. So, investors could buy or sell them throughout the trading session like the stocks.
Is a Real Estate Investment Trusts a Good Career Path?
Before going through how many jobs are available in real estate investment trusts, and the best paying jobs in real estate investment trusts. I want to answer the question, is real estate investment trusts a good career path? While the answer might differ based on how different people think, I think the best answer is “yes.” REIT is a good career path as it provides many available jobs and allows you to choose the area you’re interested in. It means you can figure out your preferred job position that best suits your needs.
Best Paying Jobs in Real Estate Investment Trusts
Previously, I answered the question is real estate investment trusts are a good career path. Now, I want to introduce some of the major departments that provide paying jobs in real estate investment trusts.
First of all, you can search for the best-paying jobs in real estate investment trusts in the development department. This department works to formulate and build new projects from the base and deals with project management. They hire many contractors and subcontractors for the designing and construction of the properties. And the best paying job in this department could be the Vice president of project development.
Another department that provides the best paying jobs in real estate investment trusts is the acquisitions department. They work on sourcing new investment opportunities and ultimately putting closure on the deal. One of the most commonly heard jobs in this department is an analyst. In this position, you might start your job with a salary of around $80,000, but if you could get the role of Vice President of Acquisition, you can earn about $200,000.
- Investor Relations
The third option is to be a member of the department of investor relations. They basically work with the REIT shareholders and manage the entire communication process. As an employee in the mid-management of investor relations, you will get around $150,000, but if you have an undergraduate degree or background in finance, your salary will increase.
How to get one of the best paying jobs in real estate investment trusts?
Now that you know about the best paying jobs in real estate investment trusts, and how many jobs are available in real estate investment trusts, you might like to join this community. In this paragraph, I will help you understand how to get one of the best-paying jobs in real estate investment trusts.
- First of all, think about the kind of vocation you like and consider if it suits your range of abilities or not. If you need instructive or professional training, set a system for acquiring it.
- Then you have to read and learn more about the topics, like finance, real estate, business organization, deals, and speculation.
- After searching about the numerous jobs that REITs involve, it is time to start with a section-level position.
Always, remember the more you know about your field of job, you will increase your chance of success.
Benefits of best paying jobs in real estate
As you might have understood the best paying jobs in real estate are unlike any other, but they come with its own of advantages:
- In this position, you have the flexibility to grow or scale back your business.
- The best paying jobs in real estate provide a situation to earn whatever you are able to sell.
- By choosing the best paying jobs in real estate, and being willing to work hard, you will have a very fast-paced career, which is dynamic and lucrative.
- If you are among the people who enjoy networking and meeting new people, this job creates a lot of situations like this for you.
- You can work best without a lot of oversight.
Do you know what a Real Estate Investment Trust is? Read the above text and learn a lot about this topic. There I explained how many jobs are available in real estate investment trusts, is real estate investment trusts a good career path and named some of the best paying jobs in real estate investment trusts.