How many jobs are available in real estate investment trusts?

With the real estate industry continuing to grow and evolve, REITs have become an increasingly popular investment vehicle for individuals and institutional investors alike. As a result, the demand for skilled professionals in the REIT industry has also increased, leading many to wonder just how many job opportunities are available in this field. In this article, we will explore the job market for real estate trust professionals, examining the various positions available, their requirements, and the salaries they offer.

Real estate investment trusts. 

Before we understand “How many jobs are available in real estate investment trusts”  let us understand what is Real Estate Investment Trusts (REITs). Real Estate Investment Trusts (REITs) are companies that own, operate, or finance income-producing real estate properties are considered to be REIT. These properties can include office buildings, apartments, hotels, shopping centers, and warehouses, among others.

REITs are publicly traded companies that offer investors an opportunity to invest in real estate without having to own physical properties themselves. REITs allow investors to buy shares of a company that owns and operates multiple properties, providing diversification and potential income streams through rental income and property appreciation.

To qualify as a REIT, a company must meet certain requirements established by the Internal Revenue Service (IRS), including distributing at least 90% of its taxable income to shareholders as dividends, and investing at least 75% of its assets in real estate. REITs also enjoy special tax advantages, as they are not subject to corporate income tax if they meet certain criteria.

In the United States, REITs are regulated by the Securities and Exchange Commission (SEC) and trade on major stock exchanges. There are different types of REITs, including equity REITs, mortgage REITs, and hybrid REITs. Each type has its own investment strategy and risk profile, so investors should carefully consider their investment goals and risk tolerance before investing in a REIT.

Employment generation trend of real estate investment trusts.

REITs in the USA have had a positive impact on employment generation. According to data from the National Association of Real Estate Investment Trusts (NAREIT), the US REIT industry supported more than 1.4 million jobs in 2020, including both direct and indirect employment.

Direct employment in the REIT industry includes jobs such as property management, leasing, construction, and maintenance. Indirect employment includes jobs in industries that support the REITs, such as finance, legal services, and real estate services.

The NAREIT data shows that the majority of jobs supported by the REIT industry are in the property management and development sectors. In 2020, these sectors accounted for approximately 57% of total REIT employment. Other sectors that saw significant employment generation by REITs include construction and building services, accounting and legal services, and real estate brokerage and leasing.

Furthermore, the growth of the REIT industry has also had a positive impact on local communities, particularly in areas where REITs own and operate properties. These properties often generate additional economic activity in the form of retail and services, further contributing to local employment generation.

Overall, REITs in the USA have been a significant driver of employment growth in the real estate industry and have helped to support a wide range of jobs across various sectors of the economy.

What jobs are available in real estate investment trusts?

1. Property Manager
2. Leasing Agent
3. Property Maintenance Technician
4. Property Accountant
5. Construction Manager
6. Architect
7. Engineer
8. Property Security Personnel
9. Operations Manager
10. Marketing and Communications Specialist

Indirect employment:

1. Real Estate Attorney
2. Real Estate Broker
3. Real Estate Appraiser
4. Real Estate Agent
5. Financial Analyst
6. Accountant
7. Insurance Agent
8. Building and Equipment Suppliers
9. Cleaning and Maintenance Service Providers
10. IT Support Personnel

It's worth noting that this is not an exhaustive list and that there are many other jobs that are supported by the REIT industry, both directly and indirectly. The exact jobs and their distribution may vary based on the type of REIT and the location of the properties.

 

How to know “How many jobs are available in real estate investment trusts”?

This took me several hours to know the exact answer to “How many jobs are available in real estate investment trusts”, here it will be wrong to say the word “exact” as there may be hundreds of vacant positions that are not yet published or on the way to be published. From my search, I noticed, currently around 2K direct employment opportunities. However, the 2K number may not be correct, hence I propose a search in different sources.

There are a few different ways you can search for current vacant positions in the REIT industry in the USA:

1. Company websites: Many REITs have a "Careers" or "Jobs" section on their website where they list current job openings. You can visit the websites of the REITs you are interested in and search for job openings in your desired location and field.
2. Job search engines: There are several job search engines, such as Indeed, Glassdoor, and LinkedIn, where you can search for job openings in the REIT industry. These sites allow you to filter job search results based on location, job title, and other criteria.
3. Industry associations: Industry associations such as the National Association of Real Estate Investment Trusts (NAREIT) or the International Council of Shopping Centers (ICSC) may also have job listings or career resources available on their websites.
4. Recruitment agencies: You can also reach out to recruitment agencies that specialize in placing candidates in the real estate or REIT industry. They may have information on current job openings or be able to connect you with potential employers.

It's worth noting that the availability of job openings and the hiring process may vary depending on the specific company and the current economic climate. However, using these resources can help you get a better idea of the current job market in the REIT industry and the types of positions that are available.

List of REIT companies and their website addresses.

Here are 50 publicly-traded real estate investment trusts companies in the USA, along with their website addresses, you may check their career page, or send your resume to the contact mail id mentioned on the website.

1. Simon Property Group - https://www.simon.com
2. Prologis - https://www.prologis.com
3. Equity Residential - https://www.equityapartments.com
4. Public Storage - https://www.publicstorage.com
5. Ventas - https://www.ventasreit.com
6. American Tower - https://www.americantower.com
7. AvalonBay Communities - https://www.avaloncommunities.com
8. Welltower - https://www.welltower.com
9. Boston Properties - https://www.bostonproperties.com
10. Digital Realty - https://www.digitalrealty.com
11. Host Hotels & Resorts - https://www.hosthotels.com
12. Alexandria Real Estate Equities - https://www.are.com
13. Realty Income - https://www.realtyincome.com
14. W. P. Carey - https://www.wpcarey.com
15. Vornado Realty Trust - https://www.vno.com
16. CubeSmart - https://www.cubesmart.com
17. Extra Space Storage - https://www.extraspace.com
18. Crown Castle International - https://www.crowncastle.com
19. Gaming and Leisure Properties - https://www.glpropinc.com
20. Medical Properties Trust - https://www.medicalpropertiestrust.com
21. Kimco Realty - https://www.kimcorealty.com
22. Sun Communities - https://www.suncommunities.com
23. Alexandria Real Estate Equities - https://www.are.com
24. Equinix - https://www.equinix.com
25. Iron Mountain - https://www.ironmountain.com
26. Invitation Homes - https://www.invitationhomes.com
27. Brookfield Property Partners - https://www.brookfield.com/property
28. Healthcare Trust of America - https://www.htareit.com
29. National Retail Properties - https://www.nnnreit.com
30. Duke Realty - https://www.dukerealty.com
31. CyrusOne - https://www.cyrusone.com
32. SL Green Realty - https://www.slgreen.com
33. Kilroy Realty - https://www.kilroyrealty.com
34. Paramount Group - https://www.paramount-group.com
35. Mack-Cali Realty - https://www.mack-cali.com
36. CoreSite Realty - https://www.coresite.com
37. Essex Property Trust - https://www.essexapartmenthomes.com
38. Empire State Realty Trust - https://www.empirestaterealtytrust.com
39. PS Business Parks - https://www.psbusinessparks.com
40. Agree Realty - https://www.agreerealty.com
41. Brixmor Property Group - https://www.brixmor.com
42. Americold Realty Trust - https://www.americold.com
43. Terreno Realty - https://www.terreno.com
44. Innovative Industrial Properties - https://www.iipreit.com
45. STAG Industrial - https://www.stagindustrial.com
46. RLJ Lodging Trust - https://www.rljlodgingtrust.com
47. Rexford Industrial Realty - https://www.rexfordindustrial.com
48. Park Hotels & Resorts - https://www.parkhotels.com
49. SITE Centers - https://www.sitecenters.com
50. Hudson Pacific Properties - https://www.hudsonpacificproperties.com

Note that this is not a comprehensive list of all REIT companies, there are hundreds more, you may refer a business yellow page.

List of recruitment agencies and their website addresses that deals with REIT companies.

Here are 50 recruitment agencies that specialize in real estate jobs in the USA, along with their website addresses:

1. Robert Half - https://www.roberthalf.com
2. Michael Page - https://www.michaelpage.us.com
3. Randstad - https://www.randstadusa.com
4. Beacon Hill Staffing Group - https://www.beaconhillstaffing.com
5. Career Strategies - https://www.csi4jobs.com
6. Adecco - https://www.adeccousa.com
7. JLL - https://www.us.jll.com
8. Colliers International - https://www.colliers.com
9. CBRE - https://www.cbre.us
10. Hire Resolve - https://www.hireresolve.com
11. Marcus & Millichap - https://www.marcusmillichap.com
12. Real Estate Personnel - https://www.realestatepersonnel.com
13. Hays US - https://www.hays.com
14. The Bachrach Group - https://www.bachrachgroup.com
15. The Execu|Search Group - https://www.execu-search.com
16. SelectLeaders - https://www.selectleaders.com
17. Real Estate Executive Search - https://www.reesearch.com
18. MRI Network - https://www.mrinetwork.com
19. RealREPP - https://www.realrepp.com
20. MBS Group - https://www.mbssearch.com
21. RealStreet - https://www.realstreet.com
22. Lucas Group - https://www.lucasgroup.com
23. Recruithook - https://www.recruithook.com
24. Real Estate Recruit - https://www.realestaterecruit.com
25. Spectrum Staffing Services - https://www.spectrumstaffingusa.com
26. Career Strategies, Inc. - https://www.csi4jobs.com
27. Futurestep - https://www.kornferry.com/futurestep
28. JBCStyle - https://www.jbcstyle.com
29. GPAC - https://gogpac.com
30. City Staffing - https://www.citystaffing.com
31. AccruePartners - https://www.accruepartners.com
32. Pacific Placement Group - https://www.pacificplacement.com
33. WorldBridge Partners - https://www.worldbridgepartners.com
34. ZRG Partners - https://www.zrgpartners.com
35. Talon Professional Services - https://www.talonpro.com
36. Cushman & Wakefield - https://www.cushmanwakefield.com
37. Real Estate Partners - https://www.repartnersus.com
38. Real Estate Strategies Corporation - https://www.rescorp.us
39. Resource Staffing Group - https://www.resourcestaff.com
40. Real Estate Temps - https://www.realestatetemps.com
41. Westport One - https://www.westportone.com
42. Brixton Group - https://www.brixton.net
43. RGF Professional Recruitment - https://www.rgf-professional.com
44. Trandon Associates - https://www.trandon.com
45. Century Group - https://www.century-group.com
46. Cornerstone Staffing Solutions - https://www.cornerstonesolutions.com
47. The Howard-Sloan-Koller Group - https://www.hsksearch.com
48. The Solomon Page Group - https://www.solomonpage.com
49. Strategic Asset Services - https://www.sasrealestate.net
50. The Muse - https://www.themuse.com

 

How to become a real estate trust professional, & eligibility criteria?

To become a real estate trust professional, you typically need to meet the following eligibility criteria:

Education: A bachelor's degree in a related field such as real estate, finance, accounting, business administration, or economics is usually required. Some employers may prefer candidates with a master's degree in a related field.

License: Depending on the state, you may need to obtain a real estate license to practice as a real estate professional. This typically involves passing a state-approved exam and completing a certain number of hours of real estate education.

Experience: Employers may require a certain number of years of experience in the real estate industry, with experience in real estate investment trusts (REITs) being a plus.

Certifications: While not always required, professional certifications such as the Chartered Financial Analyst (CFA), Certified Commercial Investment Member (CCIM), or Certified Property Manager (CPM) can enhance your credentials and improve your chances of being hired.

Skills: Real estate trust professionals should have strong analytical and quantitative skills, as well as excellent communication and interpersonal skills. They should also be familiar with financial modeling and valuation techniques, as well as regulatory compliance and risk management.

It's worth noting that the specific eligibility criteria may vary depending on the employer and the job position. It's important to carefully review the job description and requirements before applying for a real estate trust professional position.

Average salaries for various positions in the real estate trust industry.

Here is a list of average salaries for various positions in the real estate trust industry based on data from the Bureau of Labor Statistics (BLS) and Glassdoor:

1. Real Estate Analyst: $60,000 to $80,000 per year
2. Real Estate Investment Analyst: $70,000 to $95,000 per year
3. Real Estate Asset Manager: $80,000 to $120,000 per year
4. Real Estate Portfolio Manager: $95,000 to $150,000 per year
5. Real Estate Fund Accountant: $60,000 to $90,000 per year
6. Real Estate Tax Manager: $100,000 to $150,000 per year
7. Real Estate Investment Trust (REIT) Analyst: $75,000 to $120,000 per year
8. Real Estate Fund Manager: $125,000 to $200,000 per year
9. Real Estate Investment Trust (REIT) Manager: $130,000 to $200,000 per year
10. Real Estate Investment Trust (REIT) CEO: $250,000 to $1,000,000+ per year

It's important to note that salaries can vary depending on a variety of factors, including experience, education, location, company size, and industry sector. These figures are meant to serve as a general guideline and may not reflect actual salaries in your specific area or for a specific company.

A sample resume for a 5-year experienced real estate sales manager.

[Full Name] 

[Address] 

[Phone Number] [Email Address]

Objective: To obtain a challenging position as a Real Estate Sales Manager in a reputable organization, where I can utilize my skills and experience to drive sales growth and contribute to the overall success of the company.

Summary: A highly motivated and results-driven Real Estate Sales Manager with 5 years of experience in the industry. Proven track record of leading successful sales teams, generating leads, closing deals, and exceeding sales targets. Strong communication, leadership, and analytical skills with a deep understanding of the real estate market and customer needs.

Career Journey:

Real Estate Sales Manager - ABC Company (2018 - Present)

• Lead a team of 10 sales agents to generate sales and meet targets
• Develop and implement sales strategies to drive growth in the company's revenue
• Conduct market research and analyze trends to stay up-to-date with the latest developments in the real estate industry
• Train and mentor sales agents to improve their skills and performance
• Build and maintain strong relationships with clients to enhance customer satisfaction and loyalty
• Collaborate with other departments such as marketing, finance, and legal to ensure seamless operations
• Achieved 25% increase in sales revenue in the first year of tenure

Real Estate Sales Agent - XYZ Company (2015 - 2018)

• Generated leads and closed deals to meet sales targets
• Conducted property viewings and provided expert advice to clients
• Negotiated deals and contracts on behalf of clients
• Coordinated with other departments to ensure smooth and timely transactions
• Maintained a database of clients and properties for follow-up and referral purposes
• Achieved 100% sales target every year

Education: Bachelor's Degree in Business Administration - ABC University (2015)

Skills:

• Strong leadership and communication skills
• Excellent sales and negotiation skills
• Deep understanding of the real estate market
• Proficient in Microsoft Office and CRM software
• Detail-oriented and organized
• Ability to work under pressure and meet deadlines

References: Available upon request.

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Note: This is just a sample resume, so feel free to customize it based on your own skills, experience, and career goals.

Want to know the top questions asked during real estate interview and their answers? Click here.