A REIT is a company that owns residential or commercial real estate property or both. The properties contained within the REIT spawn income and analogous stability based on long-term leases. Because it facilitates its investors to an asset from gains in the real estate market without spending any money directly on the property. There are approx. 274,000 professionals who are employed full-time by a REIT in the year 2019.
Some of the best paying jobs in real estate investment trusts are such as –
1. Real Estate Investment Analyst
In California, real estate investment analyst jobs are some of the most high-paying careers. The individual accredits financial analysis to support the financing, acquisition, marketing, and leasing of real estate properties. Because they need to conduct market research and analysis to evaluate the financial performance of companies or industries. On average, the real estate investment analyst’s salary starts from 660,000 per year for an entry-level position. Mostly the salary of a real estate investment analyst depends on the REIT Company the person is working for and their years of experience.
2. Account Assistant
Account assistant at a real estate investment trust in California works to maintain finances, and report directly to the senior accountant or finance manager. They receive and proceed with payments, invoices, employee reimbursements, and bills. Some of the other functions are such as preparing payments, payroll, entering data into databases, and accounting software and balance accounts. The annual salary of an account assistant in a REIT company varies substantially and is considered as one of the best paying jobs in real estate investment trusts. An entry-level account assistant with less than one year of experience can receive a salary of around 340,000 annually. Individuals with over three years of experience receive a salary of around 600,000 per year.
3. Business System Analyst
Business System Analyst work to interpret, adjust and restructure different facets of a REIT business. The individual is liable to safeguard that the structure of the business meets the highest efficiency. They can implement various tasks during a workday. Some include determining solutions to problems stirring business software or hardware systems. The individual also scrutiny business processes and writes system specifications. They work with clients and investors to determine their investment requirements. On average, the salary of a business system analyst is 720,000.
4. Leasing Agents
REIT companies hire leasing agents to benefit property owners lease their properties to prospective tenants, and develop relationships with existing clients. They market properties and prepare lease documents. Lease agents also endeavor industry and market information and sub-market analysis relating to the business and investments of a REIT. Leasing agents hired by REIT companies receive a salary of around 720,000 per year. However, the pay structure can differ depending on the number of lease deals the individual has generated in a month or a year.
5. Equity Research Analysts
Equity Research Analysts is considered as one of the best paying jobs in real estate investment trusts. Because it acquiesces an individual to research the microeconomic and macroeconomic conditions of the real estate market. The analyst also collects and scrutiny financial information. Because they aim to make outstanding investment recommendations on the stocks in real estate. The individuals also spend more time writing reports and developing investment sanctions for investors. On average, equity research analysts receive a salary of around 1.6 million. However, the amount will reckon on a person’s years of experience working for a REIT company or manager.
6. REIT Fund Manager
REIT Fund Managers are authoritative for implementing the investment strategy of a fund and administering its trading activities. The individual oversees all the funds pulled together by investors, conduct market research, manage analysts, and make crucial investments decision that asset the firms and investors. Fund managers also administer a prospectus to investors. They outline the investment principles of the fund, its risks, performances, and the fees involved in this. Fund managers are considered as one of the best paying jobs in real estate investment trusts careers. Small firms can pay them up to 2.2 million annually. However, some managers make money depending on the fund size, with more bonuses when they hit the target.
7. Financial Analyst
Financial Analyst for a REIT company studies things such as marketplace trends, microeconomic, and demographic considerations to benefit make knowledgeable investments in real estate. The individual administers advice on the issuance of bonds and splitting stocks. It is also the work of the professional to prepare weekly, monthly, and quarterly financial analyses. The REIT financial analysts who have experience of one year can earn an annual salary of 1.2 million. Individuals that have worked for at least four years receive more than 1.8 million annually. One can make more than 2.1 million if they have more than six years of experience.
Conclusion
These are some of the best paying jobs in real estate investment trusts. Working in the financial services sector of real estate is not for everyone. It is possible to earn a good base salary at a company that is entrenched in a business that is not going anywhere i.e. real estate.
