HOW MANY JOBS ARE AVAILABLE IN REAL ESTATE INVESTMENT TRUSTS?
Real Estate Investment Trusts are the companies which own or finance the income producing real estate across different property sectors. These trusts basically focus on funding or acquiring the income producing properties in a form of portfolio. These folders of portfolio can have investments in different real estate properties without even owning them. These portfolios allow the investors to dispense the investments over other properties of real estate and so leverage the ability of earning income.
The different types of real estate investment trusts which a person can consider are mainly Mortgage, Equity and Hybrid. There are a lot of jobs available in this particular field which offer amazing pay. And this is the reason why people who are curious to work in REIT often want to know about how many jobs are available in real estate investment trusts. So to help you find it all, we got everything covered in this article below.
As you scroll down, you will find out complete details about real estate investment trusts, such as how many jobs are available in it, what are the best job options in this and much more. So just continue to read below to check out all the info.
How many jobs are available in real estate investment trusts?
If a person is considering a career in the field of REIT, then how many jobs are available in it is the very first question that comes to mind. So the real estate industry actually employs a lot of people across different job profiles. According to various reports, there are almost 1.855 Million people who are employed in the industry of real estate. Even some people might employ more people in comparison to others. For example, there were around 144,000 real estate sales agents and approximately 44,000 real estate brokers.
Looking at some other estimates of how many jobs are available in real estate investment trusts, there are around 326,000 jobs that are available in this industry, and 3.4 Million jobs which are related to REITs. So depending on the conditions of market and location, a person can expect to have somewhere between 1000 to 2000 jobs opening in this sector at any point of time.
And if there is a particular role that you are interested in within this industry of real estate investment trusts, then you can simply research the number of job opportunities, just to ensure that it is high in demand and it increases your chances of finding work and employment in it.
What are the Best Job Options in Real Estate Investment Trusts?
As you read above about how many jobs are available in real estate investment trusts and you find yourself interested in working in a job which is related to REIT, then there are some good roles which you considered, depending on your interests and skills, as follows-
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Real Estate Property Appraiser-
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Primary Duties- The real estate property appraisers visit different properties to determine the value. These valuations are used during the purchase and sale of properties and can be a lot useful for an investment in real estate.
Work of a property appraiser can help you to ensure that the properties get purchased at the right price. These people can also help to prepare the information which is regarding the assessments of tax, and to identify the areas of the property which might be unsafe and problematic.
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National Average Salary- $68,319 per year
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REIT Analyst-
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Primary Duties- The analysts basically assess the properties in a portfolio of REIT to provide the information which is updated. They might conduct the research on the market, prepare underwriting of properties of real estate and financial statements to help the portfolio folders get accurate data about loan amounts, valuations of the properties in their respective portfolios and income.
They might also have to work on completing assessments of different properties, which includes creating maps and taking pictures that help to provide the comprehensive information. These people might even be responsible to handle the legal property documentations for different purchases of property.
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National Average Salary- $67,737 per year
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Investor Relations Manager- When we look at the stats of how many jobs are available in real estate investment trusts in this job profile, it always has the most number of openings.
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Primary Duties- The managers act as a liaison which is between its investors and the company to help facilitate the communication, question resolution and the sharing of information. The main aim of this particular role is to help the investors make informed decisions about the business.
They often create and gather different documents in order to share information, such as statements of equity, information about operations and finances of a company and financial statements.
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National Average Salary- $82,762 per year
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Manager of Portfolio-
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Primary Duties- Portfolio managers have the duty of reviewing the assets and the portfolios in order to determine the ROI and so help their clients to leverage the maximum returns on the properties. They might also make suggestions on selling various properties, assess risks in the portfolio and help to minimise any negative effect.
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National Average Salary- $86,291 per year
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Financial Analyst-
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Primary Duties- An Analyst of Finance who is working the real estate investment trusts might work with the clients to provide advice, support and financial analysis in the acquisition of properties. They might even conduct research on the properties with all the clients that are interested and in preparing the reports of the assessment.
They might even be going to the different locations of property to meet the investors in order to determine whether the property can meet their goals of portfolio. And if the clients decide to purchase any property, then the financial analyst can definitely help them to complete the paperwork that is required to process the whole purchase.
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National Average Salary- $72,148 per year
Thus, this is complete information on how many jobs are available in real estate investment trusts and the job options that are available in this industry!
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