Top 10 Best Paying Jobs in Real Estate Investment Trusts in 2024!

11 June 2024

If you are looking for a career move in real estate, becoming a part of the REIT can be smart! Considering the trend of shifting to this field is growing quickly, people are often googling the top 10 best-paying jobs in real estate investment trusts.

Therfore, in case you are someone who is also looking for this, I have you covered! So, keep reading this blog until the end to learn more, and thank me later…

What are Real Estate Investment Trusts?

Real estate investment trusts, or REITs, own portfolios of properties supported by institutional and personal investors.

A common mechanism for this is real estate investment trusts (REITs), which can own lengthy physical assets (like office buildings and shopping centers) and derive revenue through the collection of rent or lease payments.

These businesses create an option for investors to own an actual piece of equity, enabling them to buy stock without having to put up large amounts of capital or assume the responsibilities of ownership.

To put it simply, REITs are a form of public real estate entity that allows for a wide variety of jobs in real estate investment and management for either the residential, industrial, or commercial sectors.

Types of REITs and Career Opportunities

Real Estate Investment Trusts (REITs) are like massive sling pouches of different categories of properties. Like many kinds of fruits, REITs can be invested in different sectors.

These commercial properties would include office buildings where people work or shopping malls where we go shopping. Some additional examples are healthcare facilities, such as hospitals or nursing homes, where people go to receive medical care.

As we know, not all REITs are created equal. They are like ice cream flavors; they still have different tastes. For instance,

Equity REITs are companies that own/manage properties and get paid rent from tenants.
Mortgage REITs either loan money for mortgages or invest in existing mortgages.
Hybrid REITs do a little bit of both.

There is a wide range of occupations that you can accomplish, which makes this variety amazing.

Deal-making is a great fit for an Acquisitions Specialist who searches for new properties to purchase. Moreover, if you have strong numerical skills, you may work as a financial analyst, determining whether those properties are worth the money.

Or, if you have an environmental conscience, you might work as a sustainability manager who promotes green building practices.

REITs present a plethora of chances for lucrative employment. Therefore, in the broad and fascinating world of real estate investment trusts, there’s a place for you whether your forte is building management, spreadsheet crunching, or environmental compliance.

Benefits of Working for REITs

So, now you know about what REITs are and how they operate. But will you have benefits working in this sector? ABSOLUTELY!

There are several pros and cons to a career in Real Estate. However, things are a little different when it comes to REITs. Here are some of the reasons why working for Real Estate Investment Trusts can be a great career move:

1. Good Pay: REITs frequently provide competitive pay. You should anticipate receiving a respectable salary, incentives, and other benefits.

2. Variety of Roles: REITs offer jobs in marketing, law, finance, and other fields. They require a wide range of skills to manage investments and assets.

3. Growth Opportunities: REITs offer the ability to advance your career through various divisions and locations. You can begin in a little capacity and progress to a larger one.

4. Security and Stability: REITs’ primary emphasis is on generating stable cash flow, as they are obligated to distribute the majority of their revenue to shareholders.

5. Diversification: You work with various property types in REITs, such as shopping centers and hospitals. It is about managing assets that people use daily, not only about selling properties.

6. Professional Management: You will collaborate with knowledgeable managers who handle the day-to-day difficulties associated with property management. Additionally, you will have less tension as a result.

7. Passive Income: You can receive dividend payments if you invest in the REIT where you are employed. It’s similar to receiving a bonus for joining the group.

8. Learning Curve: REIT employees must constantly learn new things since the real estate industry is continuously shifting. This keeps their abilities current and their work exciting.

What is the Job Outlook for REIT Professionals?

How many jobs are available in REITs? This is a valid question that you might be thinking of!

Due to the expansion of the real estate market, the need for managers of additional buildings and projects is growing. This increase generates many new jobs for those interested in REITs.

Additionally, REITs own various properties, including retail centers, housing, and offices. This is a reason why real estate factors into business decisions. Because of the variety, you can find a job in finance, management, or another field that best suits your skills.

Moreover, it’s not only about landing a job when working with REITs; it’s about developing a career. Over time, there are opportunities to handle larger projects, assume more responsibility, and advance into higher positions.

Furthermore, because of the industry’s continuous growth, there is a significant demand for REIT specialists. Increased investor interest in REITs also creates additional job opportunities.

Top 10 Best Paying Jobs in Real Estate Investment Trusts in 2024!

Real Estate Investment Trusts (REITs) are a fundamental part of the real estate sector, allowing investors (individuals) to earn a share of the income produced through commercial real estate ownership.

A REIT offers similar diversity and can pay life-changing income in some roles. Wondering what the top jobs in this field pay the most? I have you covered!

The top 10 high-paying jobs in real estate investment trusts in 2024 are as follows:

1. REIT Chief Executive Officer (CEO)

Firstly, the CEO sets the strategic direction for a REIT and is in charge of overseeing the company’s resources, general operations, and important business decisions. Besides, because of the extensive skill set and heavy obligations, the CEO position in a REIT is the highest-paying one.

2. Portfolio Manager

Secondly, portfolio managers decide which properties to buy and sell, and they develop the REIT’s investment strategy. The REIT’s financial stability depends on its proficiency in market analysis and investment strategy, which makes it one of the highest-paying positions in the sector.

3. Real Estate Attorney

Thirdly, we have real estate attorneys. You must have heard of law firms helping companies with their real estate issues. These lawyers, who focus on real estate law, deal with complicated transactions, zoning conflicts, and disputes. Their high salaries result from their legal competence, guaranteeing that all transactions are legal and compliant.

4. Property Appraiser

An appraiser’s evaluation of a property’s value is crucial in a REIT. Their assessments impact investment choices and are necessary for truthful financial reporting. Additionally, they are extremely useful due to their specialist understanding of real estate valuation.

5. Investor Relations Manager

These experts cultivate and preserve connections with analysts and shareholders. They also provide financial data and business plans, which are crucial for a REIT’s reputation and investor trust.

6. Asset Manager

The performance of the investment portfolio is monitored by asset managers. Furthermore, they seek to optimize property values and investment returns by making calculated choices on upkeep and improvements.

7. Financial Analyst

Financial analysts closely examine corporate fundamentals, economic situations, and market movements. Their observations guide REITs’ investment decisions, making their role indispensable for financial planning and analysis.

8. Acquisitions Director

Finding and negotiating the purchase of properties are part of this profession. Furthermore. acquisition directors must be skilled negotiators who can find great investment opportunities and get them at the cheapest price.

9. Leasing Manager

The leasing managers guarantee that the buildings in the REIT’s portfolio are leased to dependable tenants at the best possible rates. Besides, their role directly impacts the REIT’s revenue sources.

10. Sustainability Manager

Lastly, sustainability managers are becoming increasingly important as the sector shifts to environmentally friendly methods. Moreover, they implement plans to make properties more eco-friendly, which can save money and ensure that rules governing the environment are followed.

Wrapping It Up!

In conclusion, the real estate investment trust sector offers a variety of lucrative career paths. The roles mentioned above are not only the best paying but also integral to the success and growth of any REIT.

Furthermore, as the industry evolves, these positions may adapt, but the essence of their contribution to a REIT’s success remains significant.

If you are searching for the top 10 best-paying jobs in real estate investment trusts, I hope that this blog has helped you. If you have any other queries, please let me know. All you need to do is scroll down until you reach the bottom of the page. Then, leave your comments and queries in the box below. I will be there to answer them all for you!

Learn More About:

Ankita Tripathy

Ankita Tripathy loves to write about food and the Hallyu Wave in particular. During her free time, she enjoys looking at the sky or reading books while sipping a cup of hot coffee. Her favourite niches are food, music, lifestyle, travel, and Korean Pop music and drama.

View all posts

How Many Jobs Are Available In Other Consumer Services?

With the changing forces in the consumer industry, the job market is on the verge of constant change. Despite that, there is no shortage of jobs in consumer services. So, if your question is, “How many jobs are available in other consumer services?” we would like to tell you that there are millions of jobs available in the consumer services industry. The best part about these numbers in the consumer services industry is that in the next decade, they will not show major changes. So, if you are looking to join consumer services, you must not worry about the opportunities that will be available to you if you possess the relevant skills. What Constitutes Consumer Services? Consumer services include those services that are offered to solve particular problems of consumers. The services that consumers avail from a consumer service provider include a variety of things, like helping consumers with their orders, providing customer support, and many more. Businesses focus on delivering consumer services since they want to enhance the overall experience of their customers. Although the definition of consumer services can be quite broad. The easiest way to understand consumer services is to know that it can be anything that a business offers to its customers, as a service, for a fee. Furthermore, consumer services are available in various forms. However, most of the jobs in consumer services are mostly of four types: Retail and Wholesale Services Leisure and Hospitality Services Health and Social Services Education Why Must You Choose Consumer Services? Image Source: marxcommunications.com To know how many jobs are available in consumer services, you will need to find out the reason first why you need a position in consumer services. Although getting a job in consumer services depends upon your choice of career, knowledge as well as skills, finding out why you want a job in consumer services can help you a lot in the long run. In addition to this, you will also need to ensure that you have the necessary skills which can be helpful for a particular job in consumer services, in which you can put your effort into achieving more success. One of the major reasons why many people aspire to get a job in consumer services is that they want to solve the problems of customers and like to make life easier for them. If you know how to solve the issues of customers and know how to interact with them, then a job in consumer services is a great option for you. Another reason why many people join consumer services is that it comes with a lot of opportunities for a new aspirant for growth. If you have the right skill and the right mindset to keep going, you will have a lot of chances of growth. As compared to the average job in any other field, the growth of consumer services jobs is pretty faster. How Many Jobs Are Available In Other Consumer Services? – Job Types There are a variety of job options available in the consumer services industry. As per the 2020 data from the US Bureau of Labor Statistics, consumer services have over 2.9 million jobs. Out of these, more than a million jobs are available for Account Managers, and almost 1.7 million jobs are available for receptionists. Furthermore, call center representatives and host/hostess jobs are more than 400,000 each. The major aspect of these jobs is that all of them involve customer interaction and offering them appropriate information about various products and services or solving their issue related to products and services. The following are the major jobs available in consumer services: 1. Customer Service Representative Many customers have complaints regarding products and services offered by a business. Furthermore, there are also inquiries and questions available from the end of customers. A customer service representative addresses those issues. By answering the questions of the customers, they ensure that the customer remains satisfied with the products and services of the business. 2. Account Manager To ensure that every department of a company meets the needs and demands of its customers and clients, businesses hire account managers. Account managers are also responsible for handling the issues, complaints, and problems of the customer. Furthermore, they also try to ensure good and positive relations with the clients and the customers. They schedule meetings, visit locations, talk to clients, promote products and services, and many more. 3. Receptionist To ensure the smooth running of work within an organization and interaction with customers, companies hire receptionists. Receptionists mainly answer phone calls from clients, greet and interact with visitors, interact with customers, and run errands while maintaining professionalism. However, companies expect receptionists to be professional and maintain proper decorum. 4. Host/Hostess Image Source: cf.ltkcdn.net Not very different from the job of a receptionist, a host/ hostess ensures that any guest in a company feel valued, welcomed, and cared for. Once a client, guest, or an important person visits a business premise, hosts/ hostesses create a warm, interactive, and welcoming environment. Furthermore, hosts/ hostesses are also responsible for taking phone calls and also take names. 5. Customer Service Manager Depending on the company, the job of a customer service manager changes. However, there are some things that are generally the same across all companies. These include answering the calls of customers, resolving their problems, ensuring customers remain satisfied, offering solutions to them, and many more. Furthermore, customer service managers also provide technical advice to customers. 6. Technical Support Engineer Technical support engineers also deal with the issues and problems of customers. However, as the name suggests, they are more inclined toward the technical part. They research, analyze, find out problems, resolve the issues of the customers, and ensure that the problems of the customer are solved in time. Summing Up Hope we have answered your question about how many jobs are available in other consumer services and what their types are. However, if you are finding consumer services jobs, you get to access them easily through major job-search websites like LinkedIn, Indeed, Monster, etc. The pay grade of each of these jobs increases with higher skills and experience. If you have the required skills and experience, you are sure to get a job easily. Read More: Is Consumer Services A Good Career Path? 10 Work From Home Jobs For Moms And Dads Is Other Consumer Services A Good Career Path?

Ultimate Guide to Interview Prep Mastering the Essentials

We have either been in the same spot a few times, or this is your first interview prep. No matter how often you straighten your tie, prepare yourself with your best answers, and finest smiles, chronic nervousness is common. But why do we get nervous before an interview? Even after understanding all the questions, why do our tongues get tied, and we can be at a loss for words? Or do we? Is there a possibility of this ever happening, or are we overthinking it? The biggest reason behind pre-interview anxiety can originate from the myths and mysteries of a job interview. So, that is precisely what we are going to do today. Debunk these myths and give you the reality of a job interview. Plus, this blog post will also focus on giving you curated advice for interviews to ace any, and most importantly, how to get rid of the anxiety psychologically. Interview #Myths (...and the Truth) As you prepare for your interview, here is some good news. You do not have to perfect. Do not worry; no recruiter is looking for a robot. We must already combat enough AI to take our jobs! Authenticity will always trump any robotic response. So, let's give you a few more good news! Myth #1 – You Should Have All the Answers Undoubtedly one of the biggest myths of job interviews is having all the answers. There is a misconception that your incapability to answer a particular question directly indicates your incompetency. Reality That is simply not the case. In fact, sometimes interviewers ask you bizarre questions to test your practicality or even your creativity. Basically, there might not be a correct answer! They are just trying to understand how imaginative you are. However, you might not have an answer to the question, which is all right. It is even okay to politely decline to respond politely. This shows integrity, as you do not wish to waste their time or your own. Plus, it shows your acceptance of your shortcomings and enthusiasm for learning more. Myth #2 – Interviewer Holds All the Power Since you are the one wanting the job, it is common to misconstrue a power dynamic. Many get nervous because they believe the interviewer holds all the power. You might also place the interviewer on a pedestal, thinking they might know a lot and are probably judging all the questions. Reality Interview prep is always a two-way street. While the recruiter judges your capabilities, you are also assessing whether the job is right for you. Plus, their thought of hierarchy can make you more nervous. If you have confidence in your capability and know you will be suitable for the job, then treat your recruiter as your equal. The conversation can go much smoother from that point on. Additionally, you are also allowed to have unique interview questions to ask your employer. It is not a one-way communication. Myth #3 – You Have to Wear a Suit This is an age-old belief that what you wear will heavily influence your first impression on your interviewers. However, the myth is about wearing a suit and always having a tie around your neck. Reality Not that it will hurt if you wear one, it is not a necessity. Dressing yourself up in formals and looking presentable doesn’t always end with a suit. You can look presentable with a simple button-up & trousers. For ease of understanding, we will pinpoint the ones who are not dressed up. Un-ironed cloths Denim Clothes that do not fit you Hats Ripped or distressed pants Pants with too many revealing pockets Revealing clothes Too many accessories A face full of bright makeup & Open-toed shoes (unless they are strappy heels but prefer closed-toed pumps) or sports shoes. If you have a pressed shirt and trousers that fit with closed-toed shoes, you should be ready. Myth #4 – Your Resume Is the Only Game Changer You will find many prints and place their resume in a new folder for their interview prep. They might even present their resume to the interviewer before allowing themselves to sit (...and without even being asked). Reality They rang up for an interview upon perusing your resume. Therefore, they want to avoid sitting and reading through your resume. So, presenting your resume before presenting yourself is not a game. More than your academic or professional achievements, they are here to assess your personal skills. Believe it or not, other candidates might have the same resume. This is not to demotivate your professional capabilities but to understand that it has already created the impression it could. The rest now depends on how you present yourself. Plus, this is an opportunity for you to make yourself stand out. Myth #5 – You Should Have a Firm Handshake The things people overthink before an interview prep can charge anyone’s curiosity meter. One of them is having a firm handshake. Many believe that a firm handshake can telepathically transfer one's strong will and professional excellence to one's interviewer. Reality Again, a good handshake is a sign of a confident personality. However, correlation is not causation. That is, someone with a slightly weaker one isn't automatically wrong for the job. Shaking hands with the person who escorted you to your interview and your interviewers is a sign of respect. Your interviewers will consider you as a polite being (...irrespective of the firmness of your hand). Plus, there are other factors to assess you, so rest assured they are not overthinking your handshake. Also Read: Red flags of a job interview: 8 reasons to turn down an offer Things To Remember While You Interview Prep – Advice for Interview While preparing to be your best self in your interviewer’s eyes, do not forget this last-minute advice for an interview. Check The Job Description: Before you sit before answering the questions, remember to go through the job descriptions a few times. It doesn’t matter if you can’t answer one question, but you should know what job you are interviewed from. Plus, offering you a different job role other than the one in the description is also a major red flag you should look out for. Research The Company: Do not give your interviewers the impression that this is just another interview. Show them that you want the job and start having personal communication about the company. Knowing that you know about the company creates a steady impression. Non-Verbal Communication: 70% of communication in your job interview is non-verbal. When you start your job interview prep, do so in front of a mirror. Finding your best presentation posture, a pleasant smile, and firm eye contact. The entirety of you should be communicating with your recruiters. Especially if you are in a video interview, your non-verbal communication skills will be scrutinized more. Keep In Mind the Timing: You should always be early enough for your interview. This was the interviewer’s understanding of the candidate’s conceptual skills. nature, heavily influencing your acceptance rate. Make it a habit to be 10 minutes before the assigned time for your corporate interviews. Interview Doesn’t End After You Leave: Always send a thank you mail expressing your gratitude. You can also give a better reply to a question asked during the interview. This will show your enthusiasm towards the job, and the fact that you are carrying your research forward even after the interview. Bizarre Interview Questions (...and Their Answers) Interview prep is indeed a serious matter. However, sometimes, interviewees can even ask bizarre questions to cut the tension and add some witty humor. The wittier your answers to these bizarre interview questions are your recruiters will be impressed. Here are some of the common questions whose answers you should prepare. 1. “What’s The Color of Money?” A company once asked their financial candidates this question. This can either be a trick question or a question to test someone’s creativity & knowledge. While the obvious answer would be green, one candidate answered “it depends on the country. While US dollar is green, Japanese Yen could come in blue, green, and purple based on the currency amount.” Can you guess who was hired? Yes, the one with a worldly knowledge about currencies from all over the world. Now, that is someone with a keen interest in finance. 2. “If you were shipwrecked on an island with no food, water, or internet connection, what is that one thing you would like to have.” Now, this is a question that has no right or wrong answer. The recruiter is just trying to assess your problem-solving and critical-thinking skills. One candidate answered “a kindle” which seemed like a dreamy answer. While another candidate said “a boat” which was quite logical. The candidate who got the job said a hammer & a knife. Truly, you will need two important tools to fashion any tool out of whatever’s left. This was the interviewer’s understanding of the candidate's’ conceptual skills. 3. “If you could fly or be invisible, what superpower would you choose?” This is another interview question that recruiters use to break the ice. Through this superpower question, they are just trying to determine whether you are a spotlight person, or someone more willing to work behind the scenes. Oddly, many choose flying over being invincible. However, for candidates who choose invincibility, recruiters can get an idea about their introversion or extroversion nature. Therefore, when preparing for an interview, remember to choose these items wisely. The End of Every Interview Prep No matter how your interview was, always end it with a good note. Remember to shake their hands and express your gratitude for their time. Do not rush the recruiters for a reply. Try waiting for 48 hours, and then send them an email asking for the result. Your interview prep doesn’t end after the interview. A follow-up can always be a game-changer! Hopefully, this blog post was able to calm you down. If you have more words of wisdom for our audience, please add them in the comment section below. Read Also: How Interviews With Industry Titans Motivate And Elevate Company Teams Red flags of a job interview: 8 reasons to turn down an offer

Is Your Company Offering Enough to Potential Employees?

In a world where businesses can rise and fall in a single day, it’s important that your company offers your current and potential staff something that sets you apart from others in the industry. Not only does your company become more attractive to hard-working talent, but you can better retain employees who you have spent time and resource training. This is particularly important when you have hired account managers who are often the sole point of contact for your contracted customers or regular clients, you don’t want to have a revolving door of contacts as this can reflect poorly on the company as a whole. Catering to Staff Needs: While salary is a large part of keeping employees happy, without sufficient managerial training, dedicated employee support or a good working environment, you’ll find your employee turnover isn’t as low as you should be aiming for. To ensure your staff are comfortable while at work, they should at the very minimum have unrestricted access to the bathroom and freely able to quench their thirst with water. Additionally, you can offer facilities for tea and coffee, which the majority of workers drink, although if you find time spent making drinks or in the kitchen increases to non-productive levels, consider introducing tea breaks or reducing tea and coffee to a handful of rounds a day. Some offices offer their employees a mixture of healthy or unhealthy snacks or offer breakfast foods so staff can get into the office a bit earlier and settle at their desk before the day officially begins. The more you offer in the way of refreshments, the less your staff will need to leave the premises for lunch or tea breaks, this prevents employees from getting caught up in lunchtime traffic around cities and towns or busy industrial areas and sees productivity rise as staff feel less rushed to have their lunch and get back to work. Providing Quality Break Out Areas: If your company premises have space for a breakout area, it should be a nice area that staff wants to be, rather than somewhere they want to avoid. Add comfortable chairs, rather than cold, hard, fast food benches, fun colours or decoration that is aesthetically pleasing such as your company rewards and images of the company workforce. You can also provide a means of entertainment, whether this is a pool table, air hockey table or a games system. Something that not only gives your staff something to do while on their break but gives them the opportunity to socialise with each other in a less rigid environment. Talk to your existing staff about what they’d like to have available to them in a breakout area, take suggestions and possibly organise a fundraiser between the staff if their favourable and unanimous asks go above the company budget. Offer Bonuses and Rewards: In addition to a competitive salary, employees like to see rewards and/or bonuses for hitting goals and targets or when they have been working particularly hard for a specific client or to meet an impending deadline. While in the past, bonuses were typically monetary, there are alternative options for rewarding staff without having to cut an increased cheque. Where time and resource are available, consider gifting staff an extra paid day of annual leave or a more flexible working schedule to improve their work-life balance. You can also offer vouchers, meals out and experiences for your employees, although not everyone will appreciate these types of rewards so talk to your employees personally about setting up a reward or bonus scheme in your company. Together you can come up with some suitable personal rewards or general bonuses that can be given out and gratefully received by any hard-working individual. Spend some time looking for inspiration from bonus scheme examples with your staff and encourage them to set goals together as a team. Competitive Salary: The unfavourable topic, everyone wants more of it, some people may be eligible while others don’t meet the minimum requirements but sometimes companies can find themselves struggling to meet demands and keep all their staff happy. If you are concerned the salaries you are offering are not competitive enough for the industry, considering investing in a salary survey. This is a survey carried out by a dedicated pay review company that returns salaries currently being paid by unnamed competitors in the surrounding and expanded industry based on the employee’s job responsibilities. This allows you to compare like for like and check that your employees are being paid both competitively and fairly for the cost of living in your area and help you make informed remuneration decisions. Talk to your staff about what they feel is lacking in their work environment and work together to ensure needs and reasonable wants are catered to, this will show your staff you care and are loyal to their requirements as individuals. Don’t forget, a happy workforce is a productive one! Read Also: Tips To Improve The Onboarding Process At Your Company How To Live Healthily Even If You Have A Full-Time Job

Top 10 Best Paying Jobs in Real Estate Investment Trusts in 2024!