Are you interested in a career in real estate investment trusts (REITs)?

If so, you may be wondering what the best-paying jobs in this field are.

Fortunately, there are a variety of high-paying jobs available in REITs, ranging from property managers to real estate attorneys to CEOs.

According to a recent study by SPG Global, the top 10 CEOs of publicly traded REITs earned an average salary of $12.4 million to $43.6 million in 2018.

However, CEO salaries can vary greatly depending on the size and success of the REIT.

Other high-paying jobs in REITs include real estate attorneys, who handle legal paperwork like loan contracts and leases, and property managers, who oversee the daily operations of designated real estate.

If you’re interested in pursuing a career in real estate investment trusts, it’s important to understand the different types of jobs available and their corresponding salaries.

In this guide, we’ll take a closer look at the 9 best paying real estate investment trust jobs (REITs), so you can make an informed decision about your career path.

What are Real Estate Investment Trusts (REITs)?

If you’re interested in investing in real estate but don’t want the hassle of managing properties yourself, Real Estate Investment Trusts (REITs) may be a good option for you.

A REIT is a company that owns and operates income-producing real estate, such as shopping malls, office buildings, hotels, and apartments.

By investing in a REIT, you can own a portion of these properties and earn a share of the income they generate.

REITs were created by Congress in 1960 as a way to give average investors access to large-scale commercial real estate investments.

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.

There are three main types of REITs:

  • Equity REITs: These own and operate income-producing properties and generate income from rent and lease payments.
  • Mortgage REITs: These invest in mortgages and other real estate debt, earning income from the interest on these investments.
  • Hybrid REITs: These are a combination of equity and mortgage REITs, investing in both properties and mortgages.

REITs can be publicly traded, meaning their shares are listed on a stock exchange and can be bought and sold like any other stock, or non-traded, meaning their shares are not listed on an exchange and can only be bought and sold through a broker-dealer.

Investing in REITs can be a good way to diversify your portfolio and earn income from real estate without the hassle of managing properties yourself.

The Benefits of Working in REITs

Working in Real Estate Investment Trusts (REITs) can be a lucrative and rewarding career path. Here are some of the benefits of working in REITs:

High Salaries

One of the most attractive benefits of working in REITs is the high salaries.

REITs offer a variety of job opportunities with high salaries, including Chief Executive Officer (CEO), Chief Operating Officer (COO), REIT Analyst, Finance Manager, Property Developer, and more.

Professional Growth

Working in REITs can also provide opportunities for professional growth.

As you gain experience and demonstrate your skills, you may have the chance to move up the corporate ladder and take on more responsibilities.

Additionally, many REITs offer training and development programs to help you enhance your skills and advance your career.

Job Stability

REITs are typically stable companies that can weather economic downturns.

This means that jobs in REITs are generally more stable than jobs in other industries that are more susceptible to economic fluctuations.

Diverse Job Opportunities

REITs offer a diverse range of job opportunities in various areas of the real estate industry, including property management, leasing, development, finance, and more.

This means that you can find a job that fits your skills and interests.

Benefits Packages

Many REITs offer comprehensive benefits packages that include health insurance, retirement plans, paid time off, and other perks.

These benefits can help you maintain a healthy work-life balance and provide financial security for you and your family.

The 9 Best Paying Real Estate Investment Trust Jobs (REITs) in 2024

If you’re looking for a high-paying job in the real estate industry, you might want to consider working for a Real Estate Investment Trust (REIT).

REITs are companies that own and manage income-generating real estate properties. They offer a variety of job opportunities, from executive positions to entry-level roles.

If you’re interested in pursuing a career in REITs, here are the top 9 best-paying jobs to consider:

1. Chief Executive Officer (CEO)

As the CEO of a REIT, you’ll be responsible for overseeing the company’s overall strategy and operations.

You’ll work closely with other executives to make sure the company is meeting its financial goals and staying competitive in the market.

The salary for a REIT CEO is up to $500,000 per year.

2. Chief Investment Officer (CIO)

As the CIO of a REIT, you’ll be responsible for managing the company’s investment portfolio.

You’ll work with other executives to identify potential investment opportunities and make strategic decisions about which properties to acquire or sell.

The salary for a REIT CIO is up to $320,000 per year.

3. Chief Financial Officer (CFO)

As the CFO of a REIT, you’ll be responsible for managing the company’s finances.

You’ll work with other executives to develop financial strategies and make sure the company is staying within its budget.

The salary for a REIT CFO is up to $300,000 per year.

4. Senior Vice President of Acquisitions

As the Senior Vice President of Acquisitions, you’ll be responsible for identifying and acquiring new properties for the company’s portfolio.

You’ll work with other executives to develop a strategy for growth and expansion.

The salary for a REIT Senior Vice President of Acquisitions is up to $250,000 per year.

5. Senior Vice President of Development

As the Senior Vice President of Development, you’ll be responsible for overseeing the construction and development of new properties.

You’ll work with architects, engineers, and contractors to make sure projects are completed on time and within budget.

The salary for a REIT Senior Vice President of Development is up to $225,000 per year.

6. Senior Vice President of Asset Management

As the Senior Vice President of Asset Management, you’ll be responsible for managing the company’s existing properties.

You’ll work with property managers and other executives to make sure properties are being maintained and generating income.

The salary for a REIT Senior Vice President of Asset Management is up to $225,000 per year.

7. Senior Vice President of Property Management

As the Senior Vice President of Property Management, you’ll be responsible for managing the day-to-day operations of the company’s properties.

You’ll work with tenants, maintenance staff, and other executives to make sure properties are being run efficiently.

The average salary for a REIT Senior Vice President of Property Management is up to $200,000 per year.

8. Director of Acquisitions

As the Director of Acquisitions, you’ll be responsible for identifying potential properties for the company to acquire.

You’ll work with other executives to develop a strategy for growth and expansion.

The salary for a REIT Director of Acquisitions is up to $150,000 per year.

9. Director of Development

As the Director of Development, you’ll be responsible for overseeing the construction and development of new properties.

You’ll work with architects, engineers, and contractors to make sure projects are completed on time and within budget.

The average salary for a Director of Development is $90,000 per year.

How to Get a Job in REITs

If you’re interested in working in real estate investment trusts (REITs), there are a few things you can do to increase your chances of landing a job in this field.

Here are some tips to help you get started:

1. Gain Relevant Experience

Many jobs in REITs require experience in real estate, finance, or related fields.

You can gain this experience by working for a real estate company, financial institution, or other relevant organization.

Look for internships, entry-level positions, or volunteer opportunities that will allow you to learn more about the industry and gain practical experience.

2. Network

Networking is essential in any industry, and REITs are no exception.

Attend industry events, join professional organizations, and connect with people in the field through social media or LinkedIn.

Make sure to follow up with your contacts and stay in touch to build relationships over time.

3. Consider a Certification

Some jobs in REITs require specific certifications, such as a real estate license or a Certified Commercial Investment Member (CCIM) designation.

Research the requirements for the job you’re interested in and consider pursuing any necessary certifications or licenses.

4. Stay Up-to-Date on Industry Trends

REITs are constantly evolving, and it’s important to stay current on industry trends and developments.

Read industry publications, attend conferences, and follow thought leaders in the field to stay informed.

5. Apply for Relevant Jobs

Once you’ve gained experience, built your network, and acquired any necessary certifications, it’s time to start applying for jobs in REITs.

Look for openings on job boards, company websites, and industry publications.

Tailor your resume and cover letter to each job you apply for, highlighting your relevant experience and skills.

By following these tips, you can increase your chances of landing a job in real estate investment trusts.

Remember to stay persistent and keep working to build your skills and network over time.

Conclusion

Congratulations on completing this guide about the 9 best paying Real Estate Investment Trust jobs (REITs). By now, you should have a better understanding of the different roles and responsibilities that exist within the REIT industry, as well as the salaries and requirements for each position.

If you are interested in pursuing a career in REITs, it is important to do your research and determine which position aligns best with your skills, interests, and career goals.

You may also want to consider obtaining a relevant degree or certification, as many of these positions require specialized knowledge and experience.

Remember that while these positions may offer high salaries, they also come with a significant amount of responsibility and hard work. It is important to be prepared to put in the effort and dedication required to succeed in these roles.

Overall, the REIT industry offers a variety of exciting and rewarding career opportunities for those with a passion for real estate and finance.

Whether you are just starting out or looking to advance your career, there are plenty of options available to help you achieve your goals.

Best of luck on your journey towards a successful career in REITs!