How Many Jobs are Available in Real Estate Investment Trusts (REITs)? | Entry-Level Jobs Included

There are over 2.2 million available jobs in REITs in the US, according to the National Association of Real Estate Investment Trusts (NAREIT). This includes employees of REITs, as well as property-level employees of REIT-owned real estate. The demand for REITs is expected to continue to grow, making it a lucrative and exciting career path.

What is Real Estate Investment Trust? A Real Estate Investment Trust (REIT) is a company that owns and operates income-generating real estate properties. The properties include commercial office spaces, apartments, hotels, hospitals, and shopping centers.

REITs are popular investment vehicle that allow individuals to invest in real estate without owning or managing properties, yet earn returns on their investment. There are also different types of REITs, including equity REITs, mortgage REITs, and hybrid REITs.

Overview of the Real Estate Investment Trusts (REITs) Job Market

The real estate investment trust (REIT) industry is a significant employer, with over 170,000 people directly employed in the US. There will also be additional employment opportunities across various sectors within the industry, including property management, finance, marketing, and more.

A PwC report projects a strong demand for jobs due to the need for skilled professionals to manage REIT-owned real estate assets. This growth is driven by demographic shifts, urbanization, and other trends.

10 Most Common and Available Jobs in Real Estate Investment Trusts (REITs)

  1. Construction Manager

Construction Manager

Average Annual Salary: $107,510

Available Jobs: 577,500

A Construction Manager oversees the construction and renovation of real estate properties owned by the REIT. This is one of the best-paying jobs in Real Estate Investment Trusts. They work closely with architects and contractors, ensuring that projects are completed on time, within budget, and to the desired specifications.

A Bachelor’s Degree in Construction Management, Engineering, or a related field is the educational requirement. Skills a Construction Manager needs include leadership, strategic planning, communication, and financial management skills. The job growth rate is positive, as the BLS projects an 8% increase from 2021 to 2031. It will produce about 46,200 new job opportunities in the US.

  1. Marketing Manager

Average Annual Salary: $96,000

Available Jobs: 102,000

A Marketing Manager develops and implements marketing strategies to promote properties and attract tenants. A Bachelor’s Degree in Marketing or a related field is the educational requirement, along with strong marketing and brand awareness skills.

The job outlook is positive with growth rate of 10% from 2021 to 2031, according to the BLS. This will create over 10,200 new job opportunities in the US.

  1. Asset Manager

Average Annual Salary: $84,536

Available Jobs: 128,000

An Asset Manager manages the performance and value of real estate assets owned by the REIT. They oversee the operation and maintenance of the properties to ensure they are generating income and increasing in value. A Bachelor’s Degree in Business Administration, Real Estate, Finance, or a related field is the educational requirement.

Analytical, financial modeling, communication, research, problem-solving, and attention to detail are also important skills an Asset Manager needs to possess. The job growth rate is positive, as the BLS projects a 10% increase from 2021 to 2031. It will produce about 12,800 new job opportunities in the US.

  1. Accountant

Average Annual Salary: $82,260

Available Jobs: 617,000

An Accountant in REITs manages financial records and prepares financial statements for tax and regulatory purposes. A Bachelor’s Degree in Accounting or a related field is the educational requirement.

Math skills, attention to detail and proactive skills are also important for an Accountant. The job growth rate is positive, as the BLS projects a 10% increase from 2021 to 2031. It will produce about 61,700 new job opportunities in the US.

  1. Financial Analyst

Financial Analyst

Average Annual Salary: $74,000

Available Jobs: 798,000

A Financial Analyst in REITs analyzes financial data and market trends to help inform investment decisions. A Bachelor’s Degree in Finance, Accounting, or a related field is the minimum educational requirement for a Financial Analyst.

Skills like financial modeling, strategic planning, and negotiation skills are also important for a Financial Analyst to possess. The job outlook is positive with growth rate of 5% from 2021 to 2031, according to the BLS. This will create over 39,900 new job opportunities in the US.

  1. Property Manager

Average Annual Salary: $63,193

Available Jobs: 149,000

A Property Manager oversees the operation and maintenance of real estate properties owned by REITs. They ensure that properties are rented, maintained, and generate income. A Bachelor’s Degree in Real Estate, Business Administration, or a related field is the educational requirement for a Property Manager.

They should also possess good leadership, organization, communication, negotiation, problem-solving and financial management skills. The job outlook is positive with growth rate of 7% from 2021 to 2031, according to the BLS. This will create about 10,400 new job opportunities in the US.

  1. Building Inspector

Average Annual Salary: $63,090

Available Jobs: 233,333

A Building Inspector ensures that properties owned by the REIT meet building codes and safety regulations. They inspect properties during construction, renovation, and maintenance to identify any issues that need to be addressed. The minimum educational requirement is a High School Diploma or equivalent.

A certificate or associate degree in a related field is however necessary. Attention to detail, critical and analytical skills are also necessary for a Building Inspector to possess. The job outlook is positive with growth rate of 3% from 2021 to 2031, according to the BLS. This will create over 6,700 new job opportunities in the US.

  1. Real Estate Agent

Average Annual Salary: $61,720

Available Jobs: 275,000

A Real Estate Agent helps REITs buy, sell, and lease real estate properties. The minimum educational requirement for this role is a High School Diploma, although some employers may prefer a Bachelor’s Degree.

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Analytical, financial modeling, research, and good communication skills are also necessary skills for a Real Estate Agent to possess. The job growth rate is positive, as the BLS projects a 2% increase from 2021 to 2031. It will produce about 5,500 new job opportunities in the US.

  1. Leasing Agent

Average Annual Salary: $52,840

Available Jobs: 190,000

A Leasing Agent finds and attracts tenants for properties owned by the REIT. They work closely with property managers and real estate agents to market and promote properties. The minimum educational requirement is a High School Diploma, although a Bachelor’s Degree in Real Estate or a related field is necessary.

Sales, marketing, communication, customer service, negotiation, and organizational skills are also necessary skills for a Leasing Agent. The job outlook is positive with growth rate of 2% from 2021 to 2031, according to the BLS. This will create over 3,800 new job opportunities in the US.

  1. Administrative Staff

Administrative Staff

Average Annual Salary: $50,990

Available Jobs: 2,340,000

An Administrative Staff provides administrative support to executives, managers, and other professionals within the organization. They schedule appointments, manage correspondence, and prepare reports. The minimum educational requirement is a High School Diploma or equivalent, although an Associate Degree or certificate in a related field is necessary.

Organizational, critical analysis and attention to detail are skills an Administrative Assistant needs. The job growth rate is positive, as the BLS projects a 2% increase from 2021 to 2031. It will produce about 46,800 new job opportunities in the US.

Other Jobs Available in REITs

  • Director of Investor Relations ($155,000)
  • Development Manager ($120,000)
  • Senior Research Analyst ($100,000)
  • Acquisitions Analyst ($85,000)
  • Asset Management Analyst ($70,000)

5 Most Common and Available Entry-Level Real Estate Investment Trusts (REITs) Jobs

  1. Accounting Assistant

Accounting Assistant

Average Annual Salary: $41,230

Available Jobs: 129,000

An Accounting Assistant assists the accounting department with bookkeeping, record-keeping, and basic financial tasks such as invoicing and accounts payable/receivable. Organization, attention to detail, and basic accounting knowledge are important skills for an Accounting Assistant to possess.

An Associate’s Degree in Accounting or related field is the educational requirement. The job outlook is positive with growth rate of 10% from 2021 to 2031, according to the BLS. This will create over 1,290 new job opportunities across the US.

  1. Real Estate Assistant

Average Annual Salary: $40,990

Available Jobs: 5,900

A Real Estate Assistant supports real estate professionals by organizing and maintaining files, scheduling appointments, and conducting research. Skills like communication, organization, and multitasking are necessary for a Real Estate Assistant to possess.

A High School Diploma or equivalent is the minimum educational requirement. The job growth rate is positive, as the BLS projects a 7% increase from 2021 to 2031. It will produce about 8,700 new job opportunities in the US.

  1. Administrative Assistant

Average Annual Salary: $40,230

Available Jobs: 143,800

An Administrative Assistant provides administrative support such as answering phones, scheduling appointments, and organizing files. Communication, organization, and time management skills are necessary for an Administrative Assistant to possess.

A High School Diploma or equivalent is the minimum educational requirement. The job growth rate is positive, as the BLS projects a 3% increase from 2021 to 2031. It will produce about 46,800 new job opportunities in the US.

  1. Property Management Assistant

Average Annual Salary: $39,860

Available Jobs: 23,600

A Property Management Assistant assists the Property Manager with day-to-day operations such as rent collection, tenant relations, maintenance requests, and leasing.

They need strong organizational, communication, and customer service skills. A High School Diploma or equivalent is the minimum educational requirement. The job outlook is positive with growth rate of 8% from 2021 to 2031, according to the BLS. This will create over 26,800 new job opportunities in the US.

  1. Leasing Assistant

Leasing Assistant

Average Annual Salary: $36,255

Available Jobs: 34,600

A Leasing Agent shows properties to potential tenants, negotiates leases, and handles tenant inquiries and complaints. They need customer service, communication, and negotiation skills.

A High School Diploma or equivalent is the educational requirement for a Leasing Agent. The job growth rate is positive, as the BLS projects a 7% increase from 2021 to 2031. It will produce about 8,200 new job opportunities in the US.

What is the Job Description of a REITs Professional?

A REITs (Real Estate Investment Trusts) professional manages and invests in real estate assets. Their goal is to generate income and capital appreciation for the company and its shareholders.

REITs professionals work in various areas such as:

Real Estate Asset Management

REIT professionals manage and maintain properties, ensuring they are leased or rented. They also oversee maintenance and repairs, and optimize cash flow.

Investment Management

They analyze market trends, identify potential real estate investments, conduct market research, negotiate purchases and sales, and monitor portfolio performance.

Financial Management

REITs professionals develop financial models, analyze financial statements, create financial reports, and manage cash flow.

Accounting

They manage the company’s books, record transactions, prepare financial statements, and manage the company’s tax obligations.

Legal services

REITs professionals manage regulatory compliance, draft legal documents such as leases and purchase agreements, and provide legal counsel to the company.

Investor Relations

They communicate with shareholders and potential investors, manage public relations, and organize investor events.

Strategic planning

REITs professionals develop and implement the company’s strategic plan, set goals and objectives, and monitor progress towards achieving them.

How to Get a Job in Real Estate Investment Trusts (REITs)?

Getting a job in the Real Estate Investment Trust industry requires the combination of various strategic steps.

5 actionable steps you can take to get a job in REIT:

  1. Get certified

Some jobs in REIT may require certification, such as a real estate license. Look into certification options and see if there are any that would be beneficial to your career goals.

  1. Build a strong background in REIT courses

Many REIT jobs require a background in Real Estate, Finance, Accounting, or Business. Pursue a degree in one of these fields or gaining relevant work experience through internships, entry-level positions, etc. These will set you apart from other candidates.

  1. Work with a recruiter

Work with a recruiting agency that specializes in the real estate industry. They may have access to job openings that are not publicly advertised.

  1. Relocate if possible

REIT companies may be concentrated in certain regions or cities, so consider expanding your job search to other geographic areas where there may be more opportunities.

  1. Continue to upskill

The real estate industry is constantly evolving, so it’s important to stay up-to-date on trends and changes in the market. Pursue professional certifications or continuing education courses to develop new skills and knowledge.

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How to get an entry-level job in Real Estate Investment Trusts (REITs)

If you’re looking to start a career in the REIT industry, there are several entry-level jobs that may interest you.

5 basic steps you can take to get an entry-level job in REIT:

  1. Seek out mentorship

Look for a mentor who works in REIT and can provide guidance on how to get an entry-level job in the industry. Building a strong online presence on LinkedIn and other professional platforms to showcase your skills and experience is important. It will help you connect with professionals in the industry and engage in discussions to build your network.

  1. Apply for internships

Internships can be a great way to gain experience and build your resume. Many REIT companies offer internship programs for college students or recent graduates.

  1. Take on freelance or contract work

Consider offering your services as a freelancer or contractor to REIT companies. This can be a good way to gain experience and build your network.

  1. Apply for leasing or property management roles

Leasing and property management roles are often entry-level positions in REIT. Gaining experience in these areas will build your skills and knowledge of the industry. Look for job openings in these areas and highlight any relevant experience you may have.

  1. Apply to smaller companies

Larger REIT companies may have more competitive entry-level job markets, so consider applying to smaller companies or startups where there may be more opportunities.

Additional tips for finding available jobs in REITs

Here are some additional tips for finding available jobs in REITs:

  • Use specialized REIT job search websites.
  • Use specific keywords such as “real estate investment trusts” or “REITs” when searching for jobs on general job search engines.
  • Check REIT company websites for openings.
  • Leverage social media.
  • Attend REIT industry events to build your networks.

What are the Educational Requirements and Training for REITs Jobs?

The educational requirements and training for REIT jobs vary depending on the specific job and level of responsibility.

Here are the general educational requirements, trainings and certifications for REITs jobs:

Education

  • Entry-level positions: Many entry-level positions in REITs may require a High School Diploma or equivalent, along with some relevant experience or training. Some entry-level positions may also require an Associate’s or Bachelor’s Degree in Business, Real Estate, Finance, or a related field.
  • Mid-level positions: Mid-level positions in REITs may require a Bachelor’s Degree in Business, Real Estate, Finance, or a related field, along with several years of relevant work experience.
  • Senior-level positions: Senior-level positions in REITs require a Bachelor’s or Master’s Degree in Business, Real Estate, Finance, or a related field, along with many years of relevant work experience.

Training and Certifications

REITs professionals may be required to participate in ongoing training and education to keep up with changes in the industry and maintain their professional designations. This may include attending seminars, taking courses, or pursuing additional certifications.

  • Some mid-level positions may require a professional designation, such as a Certified Commercial Investment Member (CCIM) or Chartered Financial Analyst (CFA) certification.
  • Senior-level positions may also require a professional designation, such as a CCIM or CFA certification.

Where Do I Find Real Estate Investment Trusts (REITs) Jobs?

If you’re thinking of starting a career in REITs, there are several online platforms that are specifically for REIT jobs.

7 places where you can find REITs jobs:

  1. NAREIT

The National Association of Real Estate Investment Trusts (NAREIT) is a professional trade organization for the REIT industry. They have a job board that lists job opportunities at REIT companies across the US.

  1. REITJobList

REITJobList is a job board specifically for jobs in the REIT industry. They have job postings for a range of positions, including entry-level positions.

  1. SelectLeaders

SelectLeaders is a job board specifically for the real estate industry, including REITs. They have job listings for various positions in REIT companies, including Executive, Accounting, Property Management, and Asset Management Positions.

  1. REITCareers

REITCareers is a job board that focuses on job opportunities in the REIT industry. They have job listings for various positions, including Analysts, Accountants, Marketing professionals, and Property Managers.

  1. REITWORKS

REITWORKS is a job board specifically for job opportunities in the REIT industry. They have job listings for various positions, including Finance, Investment, Asset Management, and Property Management positions.

  1. The REIT Report Job Board

The REIT Report Job Board is a job board that lists job opportunities in the REIT industry. They have job listings for various positions, including Accounting, Finance, Asset Management, and Property Management positions.

  1. GlobeSt. Jobs

GlobeSt. Jobs is a job board that lists job opportunities in the real estate industry, including positions in REIT companies. They have job listings for Investment, Property Management, Finance, and other positions.

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What Are the Skills Needed to Get a Job in Real Estate Investment Trusts (REITs)?

There are several skills that are essential for individuals seeking jobs in the REIT industry.

5 essential skills needed to get a job in REITs:

  1. Analytical skills

REIT professionals need strong analytical skills to analyze financial data, conduct market research, and identify potential investment opportunities. Analytical skills are also important for monitoring market trends, assessing risk, and making informed investment decisions.

  1. Communication skills

REIT professionals need to build relationships with investors, negotiate deals, and collaborate with other professionals. Effective communication is also crucial for presenting investment opportunities, creating reports, and explaining complex financial concepts.

  1. Financial literacy

REIT professionals need to have a solid understanding of financial principles and practices, including accounting, financial analysis, and risk management. This includes knowledge of financial statements, valuation techniques, and regulatory requirements.

  1. Attention to detail

The REIT industry involves complex financial transactions and regulatory compliance, so attention to detail is critical. REIT professionals need to be able to spot errors or discrepancies in financial reports, contracts, and other important documents.

  1. Technical skills

REIT professionals must be proficient in the use of technology, including financial analysis software, databases, and spreadsheets. They must also be able to stay up-to-date with the latest industry trends and developments.

What are the Factors Affecting the Availability of Jobs in Real Estate Investment Trusts (REITs)?

There are several factors that can affect the availability of jobs in the REIT industry.

5 main factors affecting the availability of jobs in REITs:

  1. Demographics

The demographic makeup of the population can impact job availability in the REIT industry. For example, an aging population may create demand for certain types of real estate, such as retirement communities or assisted living facilities.

This can lead to job growth in those areas. Some regions or cities may also have more robust real estate markets and therefore more job opportunities in the industry.

  1. Investment trends

The state of the real estate market can greatly impact the availability of jobs in the REIT industry. The availability of capital and investor interest in the real estate sector also affects the market.

If there is less investment in real estate, there may be fewer job opportunities in the industry. In times of economic growth and stability, there may be more demand for REITs and therefore more investments and opportunities.

  1. Environmental factors

Environmental factors, such as climate change or natural disasters, can impact the real estate market and affect job availability in the industry. For example, increased frequency of extreme weather events may increase demand for properties that are more resilient to environmental risks.

  1. Foreign investment

Foreign investment in the real estate market can impact job availability in the REIT industry. Increased investment from foreign buyers can create demand for real estate professionals with expertise in international investment and cross-border transactions.

  1. Industry consolidation

Consolidation in the REIT industry can also impact job availability. Mergers and acquisitions can result in job losses or redundancies, while new companies may be created as a result of the consolidation.

Conclusion: How Many Jobs are Available in Real Estate Investment Trusts (REITs)?

There are over 2.2 million available jobs in Real Estate Investment Trusts. The competitive REIT job market makes it essential to possess the necessary to increase your chances of getting hired. With the projected growth in the real estate industry, there will be more job opportunities in REITs in the coming years. This makes it a promising career path for individuals interested in the field.

FAQs on How Many Jobs are Available in REITs?

What is the most common job in REITs?

According to the Bureau of Labor Statistics, the most common job in REIT is Property, Real Estate, and Community Association Manager. This involves managing and maintaining properties owned by REITs.

What roles are available in REITs?

There are several roles available in REIT. They include Property, Real Estate, and Community Association Manager, Real Estate Broker, Real Estate Appraiser and Assessor, and Financial Analyst.

Are there a lot of jobs in REITs?

Yes, there are a significant number of jobs in REITs. The industry has grown significantly over the years, leading to an increase in the number of jobs available. According to the Bureau of Labor Statistics, there are over 2.2 million jobs available in REITs.

Are REIT jobs easy?

Some jobs in REITs may be more challenging than others, depending on the level of responsibility, and the complexity of the tasks. For example, jobs in Acquisitions and Portfolio management require a higher level of analytical and financial skills than property management jobs.

What is the hardest REITs job to get?

Jobs such as Chief Investment Officer (CIO), Senior Portfolio Manager, and Vice President of Acquisitions are among the most difficult jobs to get. This is because they typically require significant industry knowledge, experience, and a proven track record of success.