Real estate investment trusts (REIT) are an ideal industry for all those interested in building a career in property investment. Different jobs are available in this sector, and it may benefit the client to maximize your real estate investments. Let’s analyze how many jobs are available in this industry, but first, we need to shed light on what you mean by real estate investment trusts.
What Are Real Estate Investment Trusts (REIT)?
Real estate investment trusts aim to acquire or fund properties that will produce income in a particular portfolio. The portfolio holders can invest in different real estate properties without even being the owner. They permit the investors to dissolve their investment in different real estate properties and then influence their earning abilities related to income. Some of the different real estate investment trusts include the following:
- Equity: These real estate investment trusts mainly focus on apartment buildings, hotels, and other buildings with high rental incomes.
- Mortgage: Mortgage real estate investment trusts gain income through the interests paid on loans from property mortgages as they are the owners.
- Hybrid: These REITs collect their income from amalgamating mortgage and equity processes.
Jobs Available In Real Estate Investment Trusts (REIT)
If an individual is considering real estate as their career path, they must be aware of the available jobs in this sector. There is an exciting fact that real estate employs many people. According to the U.S Bureau of Labor Statistics (BLS), in February 2023, the real estate industry employed approximately 1.855 million people.
Some roles and responsibilities in the real estate sector may employ more people in comparison to other roles. You will be surprised to know that in 2021 there were nearly 144,000 real estate sales agents, and the number of real estate brokers was 44,000.
However, the number of jobs may also vary depending on market conditions and location. Therefore, if you are interested in any of the roles in the real estate investment trust industry, you must do complete research.
Types Of Properties In Real Estate Investment Trusts
There are different types of properties in REIT as follows:
- Cell towers
- Commercial Buildings
- Residential Buildings
- Shopping Centers
Job Options in REIT
Some of the roles and responsibilities in the real estate investment trust sector that you can consider are as follows:
|Investor Relation Manager||
Real estate investment trusts may provide you with various different job roles that may provide new opportunities for you. These may also help to gain knowledge and skills. There are different roles that you can choose from such as REIT analyst, real estate property appraiser, financial analyst, and investor relations manager.