If you’re looking to work in the real estate industry, a real estate investment trust (REIT) can be a great place to start.
REITs are companies that own and operate income-generating real estate properties, such as office buildings, apartments, and shopping centers. As an investor in a REIT, you can earn a portion of the income generated by the properties without having to own them outright.
But what if you want to work for a REIT instead of investing in one? Fortunately, there are plenty of high-paying jobs available in this field. Whether you’re interested in finance, marketing, or property management, there’s likely a REIT job that will match your skills and interests.
In this article, I’ll take a look at some of the best-paying jobs in real estate investment trusts. I’ll explore the duties and responsibilities of each position, as well as the salary ranges you can expect to earn.
By the end of this article, you’ll have a better understanding of the types of jobs available in REITs and the earning potential of each role.
Best paying jobs in real estate investment trusts
If you’re looking for a lucrative career in the real estate industry, working for a Real Estate Investment Trust (REIT) might be the perfect fit for you. REITs are companies that own and manage real estate properties, and they offer a variety of job opportunities with high salaries.
1. Portfolio manager
As a Portfolio Manager, you’ll be responsible for overseeing a portfolio of properties owned by a REIT. You’ll work to maximize the value of the portfolio by analyzing market trends, managing risk, and making strategic decisions about buying, selling, and leasing properties.
Expected salary: The average salary for a Portfolio Manager in a REIT is around $120,000 per year.
2. Asset manager
As an Asset Manager, you’ll be responsible for managing the day-to-day operations of a REIT’s real estate assets. This includes overseeing property management, leasing, and maintenance activities. You’ll also work to develop and implement strategies to maximize the value of the assets.
Expected salary: The average salary for an Asset Manager in a REIT is around $100,000 per year.
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3. Property manager
As a Property Manager, you’ll be responsible for managing the day-to-day operations of a single property owned by a REIT. This includes overseeing maintenance and repairs, managing tenant relationships, and ensuring that the property is fully leased.
Expected salary: The average salary for a Property Manager in a REIT is around $80,000 per year.
4. Financial analyst
As a Financial Analyst, you’ll be responsible for analyzing financial data related to a REIT’s real estate investments. This includes analyzing market trends, evaluating investment opportunities, and creating financial models to project future performance.
Expected salary: The average salary for a Financial Analyst in a REIT is around $85,000 per year.
5. Investor relations
As an Investor Relations professional, you’ll be responsible for managing relationships with the investors who own shares in a REIT. This includes communicating financial performance, providing updates on investment opportunities, and addressing any concerns or questions that investors may have.
Expected salary: The average salary for an Investor Relations professional in a REIT is around $100,000 per year.
6. Legal counsel
As a Legal Counsel, you’ll be responsible for providing legal advice and guidance to a REIT. This includes reviewing contracts, managing litigation, and ensuring compliance with regulatory requirements.
Expected salary: The average salary for a Legal Counsel in a REIT is around $150,000 per year.
7. Marketing and communications
As a Marketing and Communications professional, you’ll be responsible for developing and implementing marketing strategies to promote a REIT’s properties and brand. This includes creating advertising campaigns, managing social media accounts, and organizing events.
Expected salary: The average salary for a Marketing and Communications professional in a REIT is around $90,000 per year.
8. Operations manager
As an Operations Manager, you’ll be responsible for overseeing the day-to-day operations of a REIT’s properties. This includes managing property managers, overseeing maintenance and repairs, and ensuring that properties are fully leased.
Expected salary: The average salary for an Operations Manager in a REIT is around $100,000 per year.
9. Acquisitions analyst
Acquisitions analysts research and evaluate potential real estate investments for REITs. They analyze market trends, financial data, and property information to determine whether a property is a good investment.
Expected salary: Acquisitions analysts typically earn an average salary of around $80,000 per year.
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10. Development manager
Development managers oversee the planning and construction of new real estate projects for REITs. They work with architects, contractors, and other professionals to ensure that projects are completed on time and within budget.
Expected salary: Development managers can earn an average salary of around $120,000 per year.
11. Research analyst
Research analysts study market trends, economic data, and other factors that can affect the real estate industry. They use this information to make recommendations to REITs about which properties to invest in.
Expected salary: Research analysts typically earn an average salary of around $82,000 per year.
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12. Accounting manager
Accounting managers oversee the financial operations of REITs. They are responsible for preparing financial statements, managing budgets, and ensuring compliance with accounting regulations.
Expected salary: Accounting managers can earn an average salary of around $100,000 per year.
13. Risk manager
Risk managers identify and assess potential risks to REITs, such as market fluctuations, natural disasters, and legal liabilities. They develop strategies to mitigate these risks and ensure the long-term stability of the REIT.
Expected salary: Risk managers typically earn an average salary of around $110,000 per year.
14. Environmental, social, and governance (ESG) manager
ESG managers develop and implement policies and programs that promote environmental sustainability, social responsibility, and good governance within REITs. They work to ensure that REITs are operating in a socially responsible and sustainable manner.
Expected salary: ESG managers can earn an average salary of around $90,000 per year.
15. Compliance officer
Compliance officers ensure that REITs are complying with all relevant laws and regulations. They develop policies and procedures to ensure compliance and monitor the REIT’s operations to identify and address any compliance issues.
Expected salary: Compliance officers typically earn an average salary of around $95,000 per year.
16. Capital markets analyst
Capital markets analysts analyze financial markets and economic trends to determine the best ways for REITs to raise capital. They develop strategies for issuing debt and equity securities, and they work with investment banks and other financial institutions to execute these strategies.
Expected salary: Capital markets analysts can earn an average salary of around $85,000 per year.
17. Tax manager
Tax managers develop and implement tax strategies for REITs. They work to minimize the REIT’s tax liability while ensuring compliance with all relevant tax laws and regulations.
Expected salary: Tax managers can earn an average salary of around $110,000 per year.
18. Investor relations manager
Investor relations managers are responsible for communicating with REIT investors and analysts. They provide information about the REIT’s financial performance, operations, and strategy, and they respond to investor inquiries and concerns.
Expected salary: Investor relations managers can earn an average salary of around $120,000 per year.
19. Human resources manager
Human resources managers oversee the recruitment, training, and development of employees for REITs. They develop and implement policies and programs to ensure that the REIT has a talented and motivated workforce.
Expected salary: Human resources managers can earn an average salary of around $100,000 per year.
20. Facilities manager
Facilities managers are responsible for the maintenance and operation of REIT properties. They oversee maintenance staff, contractors, and vendors to ensure that properties are kept in good condition.
Expected salary: Facilities managers can earn an average salary of around $85,000 per year.
21. Information technology (IT) manager
IT managers oversee the development and implementation of technology systems for REITs. They ensure that the REIT’s technology infrastructure is secure, reliable, and efficient.
Expected salary: IT managers can earn an average salary of around $110,000 per year.
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22. Investor relations analyst
Investor relations analysts assist with the communication efforts of the investor relations team. They research and analyze data to help the team prepare reports and presentations for investors and analysts.
Expected salary: Investor relations analysts should expect to earn around $100,000 annually.
What is a real estate investment trust (REIT)?
Real Estate Investment Trusts (REITs) are companies that own and operate income-producing real estate, such as apartments, office buildings, shopping centers, and hotels. They allow you to invest in real estate without having to own or manage the properties yourself.
REITs were created in 1960 as a way for individual investors to invest in real estate. They are required by law to distribute at least 90% of their taxable income to shareholders in the form of dividends, which makes them an attractive investment for income-seeking investors.
In addition, they offer the potential for capital appreciation as the value of the underlying real estate increases over time.
There are two main types of REITs:
- Equity REITs: Equity REITs own and operate income-producing real estate. These are the more common type of REIT and offer the potential for both income and capital appreciation.
- Mortgage REITs: Mortgage REITs invest in mortgages and other real estate debt securities.
Does working at a REIT pay well?
Yes, working at a REIT can pay well. According to the Bureau of Labor Statistics, the median annual wage for real estate brokers and sales agents was $50,730 in May 2022. However, the top 10 percent earned more than $112,610.
But what about other positions within a REIT? The good news is that there are many high-paying jobs available in this industry.
For example, according to Indeed, the average salary for an inbound sales representative in a REIT is $60,532 per year. This is just one of the many positions that offer competitive salaries and benefits.
Financial risk specialists are also in high demand in the REIT industry. According to GoBankingRates, these professionals can earn an average of $100,000 per year, with top earners making up to $171,000.
These specialists are responsible for analyzing financial data and identifying potential risks, making them essential to the success of a REIT.
Overall, working at a REIT can be financially rewarding. With a variety of high-paying jobs available, you can find a position that fits your skills and interests while also earning a competitive salary and benefits package.
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How much does a CEO of a REIT make?
The highest-paying job in a REIT is the CEO, who is responsible for the overall operation of the REIT and typically earns the highest salary. In 2018, the average salaries for the top 10 CEOs of publicly traded real estate investment trusts ranged from a high of $43.6 million total compensation to $12.4 million, according to SPG Global.
However, it’s important to note that CEO salaries can vary greatly depending on the size and success of the REIT. CEOs of larger and more successful REITs tend to earn higher salaries than those of smaller and less successful REITs.
For example, the CEO of Simon Property Group, the largest REIT in the US, earned a total compensation of $43.6 million in 2018, while the CEO of Retail Value Inc., a smaller REIT, earned a total compensation of $1.2 million in the same year.
In addition to base salary, REIT CEOs may also receive other forms of compensation, such as bonuses, stock options, and other incentives. These additional forms of compensation can greatly increase a CEO’s total compensation package.
Clearly, people in this position are paid very well – which actually makes sense. After all, the CEO’s decisions can shape the entire direction of the company, making this position crucial to the success of the business.
Is working for a REIT a good career path?
If you’re looking for a career in real estate, working for a REIT can be a great option. One of the benefits of working for a REIT is the potential for high salaries. However, it’s important to keep in mind that salaries can vary depending on factors such as education, experience, and location.
That said, some of the highest paying jobs in REITs include Chief Executive Officer, Chief Operating Officer, and Property Developer, with salaries ranging from $80,000 to $500,000 per year.
Another advantage of working for a REIT is the opportunity for career growth. REITs are constantly acquiring and developing new properties, which means there is always room for advancement within the company.
Additionally, many REITs offer training and development programs to help employees build their skills and advance their careers.
Working for a REIT can also provide job stability. Because REITs own and manage income-generating properties, they are considered to be less susceptible to economic downturns than other types of real estate companies.
This means that employees are less likely to be laid off during a recession.
However, it’s important to keep in mind that working for a REIT may not be for everyone. The fast-paced and demanding nature of the industry can be challenging, and working for a publicly traded REIT can come with added pressure to meet financial targets.
Additionally, some people may prefer to work for smaller, privately owned real estate companies.
Overall, working for a REIT can be a great way to make money for those in grad school and interested in real estate. With high salaries, opportunities for career growth, and job stability, it’s no wonder that many people choose to work for these companies. However, it’s important to weigh the pros and cons and determine if working for a REIT is the right fit for you.
Why do you want to work for a REIT?
If you’re interested in working for a real estate investment trust (REIT), there are many reasons why it could be a great career move for you. Here are some of the top reasons why you might want to consider working for a REIT:
- Stable Industry: The real estate industry is known for its stability, and REITs are no exception. They offer a consistent source of income for their investors, which means that they are able to weather economic downturns better than many other industries.
- High-Paying Jobs: REITs are known for offering some of the highest-paying jobs in the real estate industry.
- Diverse Opportunities: REITs own a wide range of real estate properties, which means that there are many different types of jobs available. Whether you’re interested in property management, finance, or sales, there is likely a job for you in a REIT.
Working for a REIT can be a rewarding and lucrative career choice. Not only do they offer high-paying jobs, but they also provide a stable work environment and diverse opportunities for growth and advancement.
THis means that, if you’re interested in a career in real estate, working for a REIT could be the perfect fit for you.
How to get a job at a REIT?
If you’re interested in working for a Real Estate Investment Trust (REIT), there are a few steps you can take to increase your chances of landing a job in this field.
- Develop the necessary skills: To work in a REIT, you’ll need to have a strong understanding of real estate markets, finance, and investments. Consider taking courses or obtaining certifications in these areas to enhance your knowledge and skills.
- Build a network: Networking is crucial in any industry, and real estate is no exception. Attend industry events, join professional organizations, and connect with professionals in the field to expand your network and learn about job opportunities.
- Gain experience: Many REIT positions require prior experience in real estate or finance. Consider starting in a related field, such as property management or real estate brokerage, to gain experience and build your resume.
- Stay up-to-date: Real estate markets and regulations are constantly changing, so it’s important to stay informed and up-to-date on industry news and trends. Read industry publications, attend conferences, and participate in continuing education courses to stay current.
- Apply for jobs: Once you’ve developed the necessary skills, built a network, gained experience, and stayed up-to-date, it’s time to start applying for jobs. Look for REITs that align with your interests and skills, and tailor your resume and cover letter to each position.
Remember, competition for jobs in the REIT industry can be fierce, so it’s important to be persistent and patient. Keep building your skills and network, and stay focused on your goals.
With hard work and dedication, you can land a job at a REIT and start a rewarding career in real estate investments.
What real estate investment jobs are entry level?
If you’re just starting out in the real estate investment industry, there are a variety of positions that can help you get your foot in the door and start building your career. One common entry-level job in real estate investment is a financial analyst.
As an analyst, you’ll be responsible for conducting research, analyzing data, and creating financial models to help inform investment decisions. This role typically requires a bachelor’s degree in finance, accounting, or a related field.
Another entry-level position to consider is an acquisitions associate. In this role, you’ll be responsible for identifying potential investment opportunities, conducting due diligence, and negotiating deals. So if you want to make money fast as a woman this position would be suitable for you.
This position may require some experience in real estate, finance, or investment sales, but many companies are willing to train motivated candidates.
If you’re interested in the sales side of real estate investment, a role as an investment sales associate may be a good fit. In this position, you’ll work closely with brokers to market and sell properties to investors.
This job typically requires strong communication and negotiation skills, as well as a passion for real estate.
Other entry-level jobs in real estate investment may include roles in property management, asset management, or development. These positions can provide valuable experience and help you build a strong foundation for a career in real estate investment.
Do I need a bachelor’s degree to work in REITs?
While some positions may require higher education, there are many entry-level roles that don’t. That being said, having a bachelor’s degree can be beneficial and may help you stand out in a competitive job market. For example, a REIT analyst, which is one of the highest paying jobs in the industry, typically requires a bachelor’s degree.
However, there are many other roles within REITs that don’t require a degree. For example, property management positions may only require a high school diploma or equivalent.
You should also take a look at inbound sales representative roles as, with a national average salary of $60,532 per year, only a high school diploma or equivalent is required.
Of course, having a degree in a related field such as business, finance, or real estate can be an advantage in any role within REITs. It can demonstrate to potential employers that you have a solid foundation of knowledge in the industry.
Furthermore, having a degree may open up more opportunities for advancement and higher salaries in the future.
What skills do I need to be successful in a REIT job?
If you’re considering a job in a Real Estate Investment Trust (REIT), there are a few skills that can help you succeed in this industry. Here are some of the most important skills to have:
- Financial analysis skills: REITs are all about investing in real estate, which means that you need to have a deep understanding of financial analysis. This includes being able to read and interpret financial statements, as well as understanding how to analyze market trends and make informed investment decisions.
- Communication skills: As with any job, communication skills are essential in a REIT job. You’ll need to be able to communicate effectively with clients, colleagues, and other stakeholders in the industry. This includes being able to explain complex financial concepts in simple terms and being able to negotiate effectively.
- Strategic thinking: REITs are all about long-term investment strategies, which means that you need to be able to think strategically. This includes being able to anticipate market trends and identify investment opportunities that will deliver long-term returns.
- Attention to detail: In the world of REITs, even small mistakes can have big consequences. That’s why attention to detail is so important. You’ll need to be able to spot errors in financial statements and other documents, as well as being able to identify potential risks and opportunities.
- Teamwork: Finally, REITs are all about collaboration and teamwork. You’ll need to be able to work effectively with colleagues and other stakeholders in the industry. This includes being able to share information, work towards common goals, and support each other when needed.
In summary, to be successful in a REIT job, you’ll need to have a combination of financial analysis skills, communication skills, strategic thinking, attention to detail, and teamwork.
With these skills, you’ll be well-equipped to navigate the complex world of REITs and make informed investment decisions that deliver long-term returns.