AdminHow Many Jobs Are Available in Real Estate Investment Trusts (REITs)?
Obviously Real Estate is one of the most profitable industries in the world, Real Estate Investment Trusts (REITs) play a very important and crucial role in this sector.
REITs are the companies that own and manage the generating of Money withs real estate properties like shopping malls, office buildings, hotels etc.
One of the major duties of the REITs is to allow investors to invest fully in the industry without having to buy physical properties themselves.
There’s an obvious increase in the demand for real estate investment, this increase has led the REITs to become a very notable employee of labor.
Thousands of jobs are being offered to qualified candidates, If you are thinking of having a role to play at REITs, we’ll through this guide explain to you the number of jobs that are available, what their salaries are like and how you can fit into the industry.
How Many Jobs Are Available in REITs?
Now the size of the REIT as well as the real estate market conditions will largely affect the number of jobs that are available in Real Estate Investment Trusts.
But according to estimates within the industry, REITs are responsible for the employment of about 300,000 people directly in the United States, they also create around 3.2 million indirect Jobs in industries that are related to real estate like construction, finance and property management.
There are around 200 REITs that are publicly traded in the United States alone, there are many private REITs too. Each of these REITs needs professionals in different fields to oversee their day to day activities.
Types of Jobs Available in REITs
In REITs, there are lots of job opportunities for different sectors of the industry. Below we’ve arranged some key categories of jobs that are available in this industry
1. Investment and Finance Jobs
Jobs under the investment and Finance fields always focus more on how the financial side of REITs is being managed which includes buying of properties, planning of finances as well as investment itself.
a. Real Estate Investment Analyst
The job of a real estate investment analyst is to study market trends critically and also be on the lookout for good investment opportunities that may come up.
b.Portfolio Manager
As a Portfolio manager, you are to manage a group of real estate investments. The major aim will be to increase profits as a result.
c.Financial Analyst
The financial analyst will look at risks and see if they’re worth taking, they’ll also predict earnings to keep track of how well REITs are performing.
d.Asset Manager
An asset manager will be the one to take care of the properties so as to make sure that they are well managed and stay profitable too.
e.REIT Accountant
They’re to handle all the Financial records and budgets, they’ll make sure Financial rules are being followed promptly.
2. Property Management Jobs
Those working under property management are responsible for the maintenance of properties owned by the REIT
a.Property Manager
The property manager will oversee the operation of real estate properties on a daily basis. they’ll be responsible for the maintenance of these properties as well as renting or leasing.
b.Facilities Manager
The facility manager will make sure that every property under the REITs is well maintained and also comply very well with the safety regulations of the industry.
c.Leasing Consultant
Incase of leasing, Leasing consultants will help to get the right tenants to lease the property to.
d.Maintenance Supervisor
The maintenance supervisor is in charge of managing the repairs as well as the maintenance team for every property of the REIT.
3. Development and Construction Jobs
REITs goes deep into construction too, they’re also responsible for engaging in the development and constructional of brand new properties
a.Real Estate Developer
As a real estate developer for the REIT, your major duty is to make plans as well as oversee the construction of new real estate properties for the REIT
b.Project Manager
The project manager will be in charge of the construction of new property from the start to finish.
c.Construction Supervisor
Construction supervisor is to oversee the working capacity of the construction team, they’re to make sure that projects under construction do meet up with deadlines.
d.Architect/Engineer
The architect and engineer will design and also build properties for the REIT so as to meet the market demands of the company.
READ ALSO:Education Future International Scholarship all you need to know
4. Legal and Compliance Jobs
The fact that REITs mostly deals on properties that has very high value with lots of Financial transactions, there’s need for them to have a legal team already in place should incase there’s any Problem within the industry.
a.Real Estate Attorney
Real estate attorneys will be in charge of legal contracts, they’ll also oversee the acquisitions and compliance of the REITs with the real estate laws.
b Compliance Officer
Main job of the compliance officer is to ensure that REITs do follow all the property and Financial regulations of the industry.
c.Risk Manager
There are some potential risks that might arise in the REITs, the duty of the risk manager is to identify these Financial risks, then be able to manage them effectively to avoid any potential risks.
5. Marketing and Sales Jobs
At REITs, there’s a need for marketing and sales professionals who will help to attract more investors and tenants too.
a.Marketing Specialist
A Marketing specialist will help to promote REITs properties to potential buyers. These promotions could either be through digital marketing or the old traditional marketing methods.
b.Investor Relations Manager
A relations manager will communicate with investors, they’ll also provide updates on the performances of the REIT
c.Sales Representative
a sales representative will help to sell real estate properties to potential buyers,they’ll also lease commercial spaces to those who might be interested.
Conclusion
Real Estate Investment Trusts (REITs) are capable of providing thousands of jobs to Those who might be interested. As an engineer, Marketer, legal expert or investment professional, there’s a whole lot of jobs available for you in REITs.
Admin
