Real estate is a flourishing and expanding sector of the US financial industry because it generates income through real estate investment. Jobs in the developing field of real estate are unlimited, but your career path is determined by your skill set and interests in this field. Here we will see about Is a Real Estate Investment Trusts a Good Career Path?
To advance your career in this expanding industry, you must be knowledgeable and experienced in real estate and finance. If you want to pursue a career in real estate investment, this article will help you in suggesting a career in this industry.
Real estate investment trust makes a bright career path if you have a strong interest in finance and real estate. The market capitalization of REITs is more than $3 trillion, this shows that real estate is one of the top sectors in the US. Real estate investment trust (REIT) supports over 2.9 million jobs in the U.S, including property managers, financial analysts, brokers, investor relations professionals, accountants, and others. According to a survey in 2021, 66% of REITs aim to increase the size of their personnel during the upcoming years, with the greatest need being for personnel in the areas of finance, accounting, tax management, property management, and asset management.
Real estate investment trust (REITs):
Real estate investment trusts are those companies that hold or finance income-producing real estate across a variety of property industries like investing in apartment buildings, warehouses, retail centers, healthcare facilities, data centers, Offices, cell towers, infrastructure, hotels, etc.
REITs also support local economies by fostering growth, prosperity, and revitalization. These publicly traded businesses provide a variety of employment options and are always looking to hire high-potential employees.
Real estate investment trust owners receive a portion of the income generated without having to purchase, manage, or finance real estate assets. Investing in REITs helps diversify the portfolio, decrease the risk, and increase the return.
REITs are an important part of the American economy:
- REITs also support local economies by fostering growth, prosperity, and revitalization by increasing their economies.
- REITs play a significant role in the economy of the US, investor portfolios, and communities because they make a considerable contribution to the tax base, labor market, and community.
- Gross real estate assets owned by REITs are nearly $4.5 trillion, with more than $2.5 trillion coming from publicly traded and non-traded REITs and the remaining from privately held REITs.
- According to a survey, 83% of investment advisors suggest REITs to their clients.
- The number of properties owned by real estate investment trusts is nearly 535,000.
- The real estate investment trust employs nearly 2.9 billion people and generates 197 billion in revenue.
- Listed real estate trusts generate more than $35 billion in the public market.
- The dividend income raised by real estate investment trusts is $88.8 billion from different activities.
- REITs have maintained strong performance throughout the years in the US. The previous record of this industry shows that it is growing day by day, and with the growth of this industry, a real estate career is in high demand.
Career opportunities in Real estate investment trust:
REITs provide a variety of employment options and are always looking to hire high-potential employees. A real estate investment trust is an excellent career choice, but it is very important to understand in the real estate industry which career best suits you according to your skills.
Numerous educational institutions in the US provide courses that are relevant to the REIT sector. Several degrees are available in US universities to begin a professional real estate career. These courses and programs include:
- Real estate accounting.
- Commercial building design.
- Property administration and management.
- Accounting and finance.
Firstly, you have to know what sort of career options are available in the real estate industry. This will give you a roadmap and a smart idea about your choice. The following is a list of the highest-paying career opportunities in the US REIT sector.
As a property manager in the United States, you can expect to earn between $45,000 and $60,000 per year.
The estimated salary of a development executive in the US is nearly 80,000–100,000 dollars per year.
As an asset manager, you can earn nearly $45,000 to $50,000 per year.
An acquisition analyst’s annual salary in the United States is estimated to be between $52,000 and $70,000.
A sales representative’s annual salary in the United States ranges between $65,000 and $75,000.
A leasing consultant’s annual salary in the United States is estimated to be between $35,000 and $45,000.
Customer service representatives:
The estimated salary of a customer service representative in the USA is nearly $38,000–40,000 a year.
The estimated salary of a retail salesperson in the US is between $30,000 and $30,000 yearly.
Mortgage collection manager:
As a mortgage collection manager, you can earn nearly $68,000 to $85,000 per year.
Real estate consultant:
As a real estate consultant, you can earn nearly $55,000—$71,000 per year.
As a compliance specialist, you can earn nearly $51,000 to $66,000 per year.
Must learn these skills for the REITs industry:
To advance your skills in a Real estate career, you should possess a few key competencies. Some of the abilities needed are:
- Real estate expertise.
- The ability to comprehend financial statements.
- Knowledge of market research.
- Asset and property management.
- Prudence about finance and real estate.
- Improved knowledge of financial models.
You should also have soft skills in communication that will help your organization achieve a sufficient return on investment. You also need to be quite knowledgeable about the state of the market.
The real estate investment trust is a crucial part of the US economy as a generator of income, and this industry has a much wider range of career opportunities. REIT Career without any doubt is the best choice and career today and in the future because this industry is rapidly growing. Furthermore, knowledge of accounting, finance, and real estate is necessary for many positions in a REIT career, and once employed with a real estate investment trust company, it is easy to go up the corporate ladder. It will increase your portfolio diversity and help you explore more opportunities.
Starting a career in REITs is a wise decision because the majority of these jobs provide extensive benefits. If you are looking forward to this field, now is the time to buckle up your belt and dive deep into the field of real estate. Through this article we have learned about Is a Real Estate Investment Trusts a Good Career Path?
How much income can we earn in this field?
Well, the salary depends on the profession you choose in the real estate investment trust because the salary may vary from profession to profession. According to a rough estimate, you can generate nearly $35,000-100,000$ yearly from working with a real estate investment trust.
Do financial advisors advise their clients to invest in REITs?
According to a recent study, 83% of financial advisors told their clients to buy REITs. The underlying long-term factors that support including REITs in a diversified portfolio are generally acknowledged by advisors because a diversified portfolio reduces the chances of risk.