There are plenty of job openings in the real estate investment trusts industry. More than 1.5 million REIT-related jobs are available in the United States alone. Most of these positions are in management and administration, but there are also plenty of opportunities for sales, marketing, and customer service professionals.
If you’re interested in a career in REITS, now is a great time to start looking for a position.
If you’re considering a career in real estate investment trusts (REITs), you may wonder how many job opportunities are available. The answer, unfortunately, is more complex than you might hope. While many REITs operate across the United States, the number of jobs within each company can vary greatly.
That said, some trends can give us a general idea of the employment landscape for REITs. For instance, according to the National Association of Real Estate Investment Trusts (NAREIT), the average REIT employs approximately 30 people. However, this number can range from just a handful of employees at small firms to several hundred employees at larger organizations.
Regarding specific job titles, NAREIT reports that the most common positions within REITs include asset managers, property managers, and leasing agents/executives. Other popular roles include:
- Finance and accounting professionals.
- Marketing and sales staff.
- Information technology specialists.
- Human resources personnel.
So if you’re interested in pursuing a career in real estate investment trusts, know that there are opportunities – though exactly how many depend on the size and scope of each firm.
How Many Real Estate Investment Trusts There?
There are over 200 real estate investment trusts (REITs) in the United States. These REITs own and operate income-producing real estate, such as office buildings, apartments, shopping centers, warehouses, and hotels. Most REITs are publicly traded on major exchanges, making them easy to buy and sell.
REITs must pay out at least 90% of their taxable income to shareholders through dividends. This structure allows REITs to avoid paying corporate income tax at the federal level. In exchange for this favorable treatment, REITs are subject to certain rules and regulations.
For example, they must have a diversified portfolio of properties and distribute at least 75% of their annual taxable income to shareholders. REITs can be categorized into three broad types: equity, mortgage, and hybrids. Equity REITs own and operate properties directly (e.g., an apartment complex).
Mortgage REITs lend money to property owners secured by mortgages on the property (e.g., a loan to finance a hotel). Hybrid REITs combine these two strategies (e.g., own some properties outright and finance others with mortgages). Equity REITs hold the majority of REIT assets (70%), followed by mortgage REITs (24%) and hybrid REITs (6%).
The remaining assets are held by public non-listed REITs (PNLRs), which are not required to comply with the same SEC regulations as publicly listed REITs but often do so voluntarily.
How Many Reit Sectors are There?
There are eleven REITs sectors categorized based on the type of property they own: 1. Office REITs: These REITs invest in office buildings and lease space to tenants. 2. Retail REITs: These REITs invest in shopping centers and malls and lease space to retail tenants.
3. Industrial REITs: These REITs invest in warehouses and other industrial properties and lease space to industrial tenants. 4. Lodging/resort REITs: These REITs invest in hotels, motels, resorts, and other similar properties and lease space to hospitality businesses. 5. HealthcareREITS: This REIT invests in hospitals, nursing homes, senior housing facilities, and other healthcare-related properties, and lease space to healthcare providers.
6. Self-storageREITS: This REIT invests in storage facilities for both commercial and residential customers
Is Real Estate Investment Trusts a Good Career Path?
Real estate investment trusts (REITs) are a type of investment vehicle that allows investors to pool their money and invest in a portfolio of income-producing real estate assets. REITs can be a good career path for those interested in the real estate industry, as they offer the potential for high returns and diversification. However, REITs also come with certain risks, so it is important to do your research before investing.
What is the Largest Real Estate Investment Trust?
The largest real estate investment trust, or REIT, in the world, is Simon Property Group, Inc. SPG is a publicly traded company that owns, develops, and manages shopping malls, outlet centers, and other properties. As of December 31, 2019, SPG owned or had an interest in 2,207 retail real estate properties comprising 263 million square feet of gross leasable area in the United States and Europe.
SPG’s portfolio includes some of the most iconic and well-known shopping destinations in the world, such as The Forum Shops at Caesars Palace in Las Vegas; Fifth Avenue in New York City; The Galleria in Houston; King of Prussia Mall near Philadelphia; and Westfield World Trade Center in New York City. In 2019, SPG generated a net income of $4.6 billion on revenues of $10.2 billion.
What is a Reit
A real estate investment trust, or REIT, is a company that owns, operates, or finances income-producing real estate. REITs are structured differently, but a publicly traded corporation is the most common type. Publicly traded REITs must be registered with the Securities and Exchange Commission and file regular financial reports.
REITs can own many types of commercial real estate, including office buildings, apartments, hotels, shopping centers, warehouses, and healthcare facilities. They may also finance real estate through loans or mortgage-backed securities. Most REITS generate revenue by leasing space to tenants.
The cash flow from these leases is distributed to shareholders as dividends. Because of this business model, REITs tend to have high dividend yields relative to other stocks. Investing in a REIT is one way for investors to gain exposure to the commercial real estate market without purchasing the property themselves directly.
When you invest in REIT shares, you buy an ownership stake in a portfolio of properties managed by professional staff.
Conclusion
Many job opportunities are available in real estate investment trusts (REITs). REITs are a company that own, operates, or finances income-producing real estate. Many types of businesses can be classified as REITs, including office buildings, apartments, warehouses, shopping centers, and hotels.
REITs offer a variety of job opportunities for those interested in pursuing a career in the real estate industry. Some examples of positions that may be available include property managers, asset managers, portfolio managers, analysts, and marketing and sales professionals. Those interested in working in a REIT should have strong communication and interpersonal skills.
They should also be able to work well under pressure and handle multiple tasks simultaneously.