Real Estate Investment Trusts
The job market for real estate investment trusts is growing rapidly. There are plenty of positions in this sector for those looking for a job. The most common assignments in this field include:
-Asset managers
-Property managers
-Leasing agents
-Real estate analysts
-Financing experts
These are just a few positions available in real estate investment trusts. There are also plenty of opportunities for those with experience in sales, marketing, and customer service. If you have the right skill set, plenty of REIT companies would love to have you on their team!
What Are Real Estate Investment Trusts?
A real estate investment trust, or REIT, is a publicly-traded company that owns, operates, or finances income-producing real estate.
There are close to 200 REITs listed on major exchanges in the United States, with a combined market capitalization of over $1 trillion as of 2019.
Most REITs are equity, which owns and operate income-producing real estates such as office buildings, apartments, shopping centers, warehouses, and hotels.
Equity REITs are required to distribute at least 90% of their taxable income to shareholders in the form of dividends.
In addition to equity REITs, there are also mortgage REITs, which lend money to real estate owners and operators secured by mortgages on the underlying property.
Mortgage REITs tend to be less volatile than equity REITs but usually offer lower dividend yields. Congress created REITs in 1960 to provide a way for small investors to access the large-scale real estate market.
To qualify as a REIT, a company must meet certain criteria, including:
* Being organized as a business trust or a corporation
* Having a minimum of 75% of its assets invested in real estate
How Do REITs Work?
REITs are companies that own, operate or finance real estate and follow certain guidelines set by the IRS. A REIT must pay out at least 90% of its taxable income to shareholders’ yearly dividends.
To be considered a REIT by the IRS, a company must meet the following criteria:
– It must be a corporation, trust, or association
– Its primary business must be holding and managing real estate
– It must generate at least 75% of its gross income from rents, mortgage interest, or other real estate-related sources
– At least 90% of its taxable income must be paid out to shareholders in the form of dividends
– It must have at least 100 shareholders
– Five or fewer individuals can own no more than 50% of its shares
There are two types of REITs:
1) Equity REITs – These companies own and operate income-producing real estate. Equity REITs’ most common property type is apartments, shopping centers, and office buildings.
2) Mortgage REITs – These companies lend money to real estate owners and operators for financing income-producing real estate.
REITs offer investors several benefits:
– Diversification – By investing in a REIT, investors can gain exposure to the real estate market without having to purchase and manage property directly
– Liquidity – REIT shares are traded on major stock exchanges, providing investors with liquidity
– Professional Management – REITs are required to have a professional management team in place to oversee the operations of the company
– Regular Dividend Income – As REITs are required to pay out at least 90% of their taxable income to shareholders in the form of dividends, investors can expect to receive regular dividend income from their investment
Investing in a REIT is similar to investing in other types of companies. Shares of REITs are bought and sold on major stock exchanges, and investors receive a portion of the earnings in the form of dividends.
REITs offer investors exposure to the real estate market without having to purchase and manage property directly. They also provide regular dividend income and are governed by professional teams. REITs may be a good option if you’re looking for diversification and liquidity in your investment portfolio.
Different types of jobs associated with REITs are as follows
-Asset Managers:
The people in this position are responsible for managing and maintaining the properties that the REIT owns.
This includes tasks such as ensuring that the buildings are up to code and keeping track of the financial performance of the properties.
-Portfolio Managers:
The portfolio managers are responsible for ensuring that the REIT’s investments are diversified.
They do this by investing in different properties and spreading the REIT’s investment across other geographical areas.
-Research Analysts:
The research analysts work closely with the portfolio managers to identify new investment opportunities.
They are responsible for conducting market research and analyzing financial data to help the portfolio managers make informed investment decisions.
-Acquisition Managers:
The acquisition managers are responsible for finding new properties for the REIT to invest in.
They work with the research analysts to identify potential investments and then negotiate with the sellers to get the best price for the property.
-Property Managers:
The property managers are responsible for the day-to-day management of the properties that the REIT owns.
They oversee tasks such as marketing the property, collecting rent, and dealing with maintenance issues.
Real Estate Investment Trust Jobs Being Created
The real estate industry is booming, and the need for real estate investment trusts (REITs) is skyrocketing. According to LinkedIn, there are currently over 1,000 REIT jobs available.
This is a great time to consider a career in REITs. There are plenty of opportunities, but the industry is also growing rapidly.
There are many positions available in REITs, from investors to support roles. Whatever your skillset may be, there’s likely a position in REITs that’s perfect for you.
So if you’re thinking about a career in real estate, now is the time to consider a position in REITs. There’s no better time to jump with plenty of job openings and a growing industry.
How Many Jobs Are Available In Real Estate Investment Trusts?
The real estate industry employs many people in a variety of positions.
REITs can be publicly traded on major exchanges, or they can be private companies.
The following are examples of the types of positions that may be available at a REIT:
Leasing Consultant
A leasing consultant is a dental specialist who deals with tenants on behalf of landlords. This can be a rewarding job, especially if you enjoy viewing properties. As a leasing consultant, you will be responsible for showing potential tenants around properties and explaining the terms of the lease agreement.
Investment trusts, also known as real estate investment trusts (REITs), are another type of organization that may be involved in leasing property.
So, if you’re interested in a career in leasing property, consider working for a leasing company or an investment trust.
Facility Manager
A facility manager is responsible for the safety and upkeep of a building or property. This can include tasks such as maintaining the heating and cooling systems, ensuring that the building meets fire codes, and overseeing repairs.
A facility manager may also be responsible for managing staff, security, and budgeting for larger buildings or complexes.
Real Estate Managing Broker
An additional license level is required for a real estate manager broker than for an agent. You’ll find licensed brokers in certain states. Even if you are a registered individual broker, you must obtain a higher-level licensing before you can hire agents or other brokers to supervise you.
What is a real estate managing broker?
A real estate managing broker is defined as an individual who supervises one or more licensed real estate brokers. In order to obtain a managing broker license, an applicant must first obtain a broker license and then complete additional education requirements set forth by the state.
What are the requirements to become a real estate managing broker?
The requirements to become a real estate managing broker vary by state, but generally speaking, an applicant must first obtain a broker license and then complete additional education requirements set forth by the state. In order to obtain a managing broker license, an applicant must first obtain a broker license.
What are the duties of a real estate managing broker?
The duties of a real estate managing broker include but are not limited to the following:
-Hiring and supervising licensed real estate brokers
-Overseeing the day-to-day operations of a real estate brokerage
-Ensuring that all licensed brokers under his or her supervision are in compliance with state and federal laws
-Maintaining records of all transactions
-Preparing reports
What are the benefits of becoming a real estate managing broker?
There are many benefits to becoming a real estate managing broker, including:
-The ability to hire and supervise licensed real estate brokers
-The ability to oversee the day-to-day operations of a real estate brokerage
-The ability to ensure that all licensed brokers under his or her supervision comply with state and federal laws
-The ability to maintain records of all transactions
-The ability to prepare reports
Becoming a real estate managing broker is a great way to take your career to the next level. If you are a licensed broker and are interested in becoming a managing broker, contact your state’s real estate commission to learn more about your state’s education requirements.
This article is for informational purposes only and does not constitute legal advice. For more information, please get in touch with your state’s real estate commission.
Conclusion
Real estate investment trusts (REITs) are large and continue to expand. Most REIT jobs require an education in finance or accounting.
REITs are special corporations that own, operate, or finance income-producing real estate. They were created in the 1960s to allow small investors to pool their resources and invest in large-scale projects, such as office buildings, shopping malls, and apartments.
Today, REITs are a $1 trillion industry traded on major stock exchanges worldwide.