Finally, I’m completed with my studies and looking for a job. While searching for a job, I get to know that there are best paying jobs in real estate investment trusts that can be pretty lucrative. It’s no surprise that there’s been a spike in the REIT sector because it is a developing industry providing workers with diversification and better opportunities.
That is why I decided to move to the REIT sector. If you’re also looking to pursue your career in the REIT sector, you’re in the right place. In this article, I’ll highlight some best paying jobs in real estate investment trusts. But before we do that, we want to tell you the definition of real estate investment trust and some types of it.
Let’s get started.
What do you mean by Real estate investment trust (REIT)?
Before pursuing your career in REIT, it is vital to understand almost everything about it.
So that is why you will make the right decision it’s about your career.
REIT means real estate investment trust is an organization that makes investments in real estate assets.
It owns income-generating real estate assets such as hospitals, apartments, hotels and offices.
Moreover, they also operate these income-producing real estate assets.
Suppose you’re an investor. The real estate investment trust will guide you in investing in high-value properties.
I hope you get to know what is real estate investment trust until now.
Now, let us see some types of real estate investment trusts.
Types of REIT
Before jumping into knowing about the best paying jobs in real estate investment trusts, let’s take a look at some types of REIT.
1. Equity REIT
An equity real estate investment trust is a company that invests in physical properties and considered to be a traditional type of company.
However, they can do the property management itself and will be the full-stack owner.
Moreover, an Equity real estate investment trust can hire a third party for managing the assets.
2. Mortgage REIT
Mortgage REIT is a real estate company that invests in mortgage-related properties instead of physical buildings.
However, mortgage REIT is a much more of a financial role compared to the equity REIT.
So that is why it is vital to understand the finance and investment factors for equity and mortgage real estate investment trusts.
3. Residential REITs
These REITs focus on single-family rental properties and apartments.
4. Office REITs
These real estate companies own specific types of office property.
5. Industrial Real estate investment trusts
Industrial REITs are the companies that own warehouses, factories and distribution centers.
6. Healthcare REITs
These types of REITs make investments in hospitals, senior housing, medical offices and healthcare buildings.
7. Data-center REITs
These types of REITs invest in structures that house servers and technology hardware.
8. Hospitality REITs
These are the type of real investment trusts that focus on investing in hotels, restaurants, stores and bars.
9. Self-storage REITs
Self-storage REITs are the types of real estate companies that make investments in storage lockers across the country.
10. Infrastructure Real estate investment trusts
These REITs focus on pipelines, networks, communication towers and fiber optics.
11. Timberland REITs
Timberland REITs are the companies that make money by selling woods.
12. Retail Real estate investment trusts
These types of REITs invest in shopping centers, malls and shopping centers.
5 Best Paying Jobs in Real Estate Investment Trusts
If you want to be successful in life, the real estate investment trust sector is the right career path you can choose.
It is one of the developing sectors providing workers with diversification and the best job opportunities.
There is no doubt that the REIT sector will take you up to new heights of success.
Nowadays, this developing sector considered being the most critical economic engine of a country.
If you’re looking to pursue your career in REIT, it will offer you various job functions, from back-office roles to customer-facing roles.
But it is not an easy task to get a job in the REIT sector. A level of qualifications and knowledge required for getting a job in this sector.
Below, we’ll outline the five best-paying jobs in real estate investment trusts with the sort of education required for each one.
This department is responsible for sourcing new investment opportunities and taking the deal to the finish line.
The acquisition is a finance-heavy role in the real estate industry. So if you’re looking to pursue a career in this role, you must have an education background in finance, marketing, general business or capital markets.
Make sure to have a degree in these educational backgrounds. It says that an analyst makes around $80,000 in salary at the beginning of their career.
If you’re doing well in the analyst role, you’re making your way to the top of a manager or vice president role.
And at the role of vice president, you’ll be making around $200,000 in salary.
As we can see from its name, this department is responsible for building new projects from the base.
However, the team in the development department deals with project management while working with contractors, sub-contractors to manage and design the construction of projects.
The development department is a project management heavy function that works for financing the property development.
The best paying job in this department role to earn around six figures is vice president.
3. Property management
A property manager is responsible for overseeing an individual’s property’s operations, including leasing, managing and collecting rents.
If you want to be a property manager, you do not need any educational background.
However, it is a great career opportunity for settling in the industry. As a property manager, you can make around $60,000 to $80,000 in salary.
Remember, you must have connections and good convincing abilities if you want to pursue your career in this role.
4. Asset management
This department is responsible for the operational and financial performance of the portfolio of assets.
However, the vice president or senior vice president will oversee the working of an asset manager.
Asset management is one of the collaborative departments that work with acquisitions, accounting and development.
If you want to pursue your career in this role, you must need an undergraduate degree and about ten years of experience in the real estate industry.
As a vice president role in Asset management, you will make around $250,000 in salary.
But remember that you required many skills to get on this vice president role.
5. Investor relations
The department of investor relations manages all outward-facing communication with REIT stakeholders.
However, the team of investor relations is responsible for planning annual meetings and preparing documents required for the meeting.
These meeting documents include annual reports, proxy statements and SEC regulations.
However, an employee of investor relations earns about $150,000. You must need an educational background in finance and accounting to pursue your career in this role.
Moreover, a bachelor’s degree in finance and accounting is much better.
So, here you got the five best-paying jobs in real estate investment trusts. However, if you want to make real estate your career, as I mentioned earlier, you required an educational background in financing and accounting. Also, it would help if you had an attitude, personality and other skills to fit your role in the REIT sector.