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How Many Jobs Are Available In Real Estate Investment Trusts?
Last Updated on: November 7th, 2024
The growing global population calls for different types of jobs in more numbers. A real estate investment trust is a great industry to start your career in. There is a sizable amount of jobs available in this industry.
how many jobs are available in real estate investment trusts?
You will be surprised to once you know the numbers. There is a good number of job opportunities in this sector. But, more importantly, the number of jobs will increase.
Different varieties of jobs are available in this sector. For example, asset management, finance, and other operating roles are present in this industry. This article might be helpful if you want to secure any career position in this industry.
What Is Real Estate Investment Trust?
Before I tell you about the jobs and career opportunities in this sector, let me tell you what a real estate investment trust is.
Real estate investment trusts are corporations that own, finance or operate real estates which produce income. These investment trusts pool money from different investors to build their real estate property portfolios.
How Does The Real Estate Investment Fund Work?
These portfolios include shopping centers, buildings, apartments and warehouses, and other similar properties. The investment trusts are obligated to provide the investors with regular dividends that they earn from these properties.
One can trade REITs publicly on different major stock exchanges. These can also be offered as a private investment. The publicly traded REITs have to distribute 90% taxable profit they generate. Many investors who look for a regular cash flow can see this fund as a great income source.
How Many Jobs Are Available In Real Estate Investment Trusts?
Millions of job opportunities are available in the real estate investment trust industry. Currently, the number of jobs in this sector is 308000. But, there are potentially 2.9 million jobs available in this sector.
In this sector, you can land jobs like the property manager, project manager, and agent in the real estate fund investment sector. Here are some examples you should know if you want a job in real estate investment trusts.
1. Acquisitions
The acquisition positions in the REIT are about locating new options to investment options. Another responsibility of this job is to ensure that the transactions are made instantly. The job position in real estate acquisitions in great in number, but they are also well-paying jobs.
If you have a bachelor’s degree and expertise in marketing, business, and expertise in finance, you are suitable for a job in this position.
2. Asset Manager
As an asset manager, you will be responsible for the operational and financial performance of the assets or the portfolio of the REITs. It is a good job opportunity and a well-paying one. Most employees in the REIT sector start their career as a property manatee or work in an acquisition position.
Later, they rise through the rank and become asset managers. If you qualify for the position and acquire the experience and skills needed to become an asset manager, you will easily find the opportunity. As an asset manager, you need to be collaborative and work with departments such as finance, acquisitions, accounting, and development.
3. Property Development
You can also work as a property development manager. As a property development manager, you have to manage contractors and subcontractors. These professionals look over the contractions of new properties under development. If you have a degree in engineering, urban planning, or architecture, it will be helpful.
Here are some abilities that these professionals usually have –
- Extensive insider knowledge of the real estate market.
- A detailed grasp of finance.
- Excellent organizational abilities
4. Property Management
As a property manager, you will only have to work with the clients and help with the selling and buying of the properties. The job of a real estate manager is to engage with clients who want to buy properties. You can also help with renting out the properties at the best market rates.
Here are the skills required to land a job in this sector –
- Customer support skills.
- Skills for problem-solving.
- Marketing skills.
- Experience in finance.
- Managerial abilities.
5. Investor Relation
Real estate investment trusts also require professionals who maintain communications in the industry. Their team is in charge of preparing for and organizing all the annual meetings. They also have to take care of the proxy statement and the annual meeting.
Such employees stay in the middle of the management between the seller and the investor. A good foundation in accounting and finance will get you an investor relations manager.
Apart from these options, there are other professional opportunities in this sector. You can become a leasing consultant, real estate property appraiser, REIT analyst, etc.
Frequently Asked Questions (FAQs):
I think you have found the answer to your queries. However, here are some additional questions and answers. These might be helpful and informative.
There are more than 26 investment trusts existing in today’s time. City of London investment trust and Bankers investment trust are among these investment trusts.
The REITs are obligated to pay the investors with regular dividends. The average yield an investor gets is 4.3%. There are also some high dividend REITs that pay comparatively more compared to the average. Also, the yield is based on the current stock price.
Yes, REITs can be a good investment. This type of investment also has a low correlation with different other assets. As a result, they can work as an excellent medium to diversify your investment portfolio, decreasing the risk in the process.
Final Words
How many jobs are available in real estate investment trusts? I think you have found your answer after reading this article. I have also discussed the different types of jobs available in the real estate investment trusts elaborately.
If you have any queries related to the same topic, you can ask questions in the comment. We answer your query as soon as possible.
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