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Top 10 Best Paying Jobs in Real Estate Investment Trusts in 2023
If you’re interested in the real estate market or college majors that make the most money but aren’t sure about a specific role, exploring the best-paying jobs in real estate investment trusts could be a great option. Jobs like the Chief Executive Officer, Chief Financial Officer, and Chief Operating Officer are already well-known within the REIT industry as some of the best-paying jobs. However, we’re going to dig a bit deeper with our list.
Let’s discuss the job opportunities available at real estate investment trusts, including estimated salary ranges, job responsibilities, and qualifications for each job.
The 10 Best Paying Jobs in Real Estate Investment Trusts
Real Estate Acquirer
A Real Estate Acquirer is one of the best-paying jobs in real estate investment trusts. After conducting research and analyzing the numbers, the Real Estate Acquirer takes over the process. This person manages the negotiations and acquisitions of a REIT. Their goal is to make sure that the company is paying a fair price for its properties.
| Estimated Salary | $140,000-$200,000 |
| Job Responsibilities | Understanding the right price to pay for each property or piece of land Negotiating deals |
| Qualifications | Finance, business, or economics degree Analytical skills Soft skills like expert negotiation Composed personality under pressure |
Lawyer
You don’t have to be a real estate agent to work for a real estate investment trust!
Real estate attorneys are very important to real estate investment trusts. Working for a REIT can be one of the most lucrative jobs for lawyers who already specialize in corporate law, the legal requirements of the real estate industry, or contracts.
A real estate attorney will work closely with the real estate agent that’s handling the deal, company executives, real estate brokers, and more.
| Estimated Salary | $100,000-$150,000 |
| Job Responsibilities | Manage all the legal paperwork and real estate documents behind operating a REIT, closing each deal, and managing properties Represent the REIT during negotiations |
| Qualifications | Law degree with a license to practice Exceptional negotiation and problem-solving skills are required for real estate attorney jobs |
REIT Investor
A REIT Investor is one of the best-paying jobs in real estate investment trusts. They spearhead real estate investing decisions from the acquisition of the real estate properties right through to selling. They also develop real estate business ideas that could be good investments.
In addition to managing these real estate investment decisions, a REIT Investor also manages investor relationships. Nurturing these investor relationships is important to sustaining the business and earning future deals.
| Estimated Salary | $130,000-$160,000 |
| Job Responsibilities | Leading the acquisition and selling processes Building and managing investor relationships |
| Qualifications | Bachelor’s degree in finance, economics, or business |
Investment Analyst
An Investment Analyst is one of the highest-paying jobs in real estate. They analyze various real estate properties to determine which ones will be a good investment for the REIT. They’re very important in the real estate sector because they advise higher-ups on the company’s investing strategy.
Investment Analysts provide value for decision-makers within real estate investment trusts. They do this by providing them with their recommendations on investing in a specific real estate property.
| Estimated Salary | $100,000-$130,000 |
| Job Responsibilities | Research potential properties to see if they’re a viable option for real estate investors to acquire Collaborate with the finance and acquisition teams to provide insight into properties |
| Qualifications | Bachelor’s degree in business or finance Superior research and analytical skills |
Site Acquisition Specialist
A Site Acquisition Specialist handles the details of each property purchase. This includes the contractual obligations and technical details of each deal. They must understand building codes, leasing capabilities, entitlements from local governments, and more.
| Estimated Salary | $130,000-$160,000 |
| Job Responsibilities | Manage the details and technicalities of each acquisition to make sure all legal and contractual requirements are met |
| Qualifications | Bachelor’s degree in business, finance, or economics Attention to detail Knowledge of building codes, leasing requirements, and more |
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VP of Marketing
There are other ways to work in the real estate industry besides becoming a property manager!
Not only is being the Vice President of Marketing one of the best-paying jobs in real estate investment trusts, but it’s also fun. The VP of Marketing promotes the business itself to bring in new clients and investors. After deals are made, this person would also be responsible for marketing the properties.
| Estimated Salary | $130,000-$160,000 |
| Job Responsibilities | Creating and executing marketing campaigns that bring in new business and acquire new investors Marketing properties with either B2B or B2B tactics |
| Qualifications | Degree in marketing, public relations, or communications Creativity and business savvy Management skills |
REIT Analyst
A REIT Analyst is crucial to the success of real estate investment trusts. After conducting thorough research, a REIT Analyst will advise real estate investors on the potential of each property.
Their reports provide insight into potential real estate investments. They include thorough research and strategy for each residential and commercial property. The information provided in the investment reports will help determine which real estate investments are good decisions to attract investors.
| Estimated Salary | $75,000-$100,000 |
| Job Responsibilities | Research economic factors and analyze potential acquisition and investment opportunities Provide the intended strategy for viable properties Collaborate with the acquisition and finance team |
| Qualifications | Finance degree |
Real Estate Broker
Think of real estate brokers as a level up from being a real estate agent. Brokers are licensed, which allows them to work independently and employ their own team of agents.
Working as a real estate broker for real estate investment trusts means you can employ your own team of agents working on closing deals for the REIT. This can either be done in-house or as your own separate brokerage.
| Estimated Salary | $100,000-$160,000 |
| Job Responsibilities | Analyze the real estate market in order to be able to expertly negotiate deals Manage your own team of real estate agents |
| Qualifications | Real estate broker license Detail-oriented Soft skills like expert negotiation |
Property Developer
Property Developers are responsible for hiring and managing contractors while staying on budget for commercial and residential properties. One of the more complicated jobs in real estate, they see the project from its planning stage through to completion. Working as a Property Developer or a Real Estate Developer is one of the most important and stressful real estate investment jobs.
| Estimated Salary | $80,000-$100,000 |
| Job Responsibilities | Manage multiple complex projects simultaneously from acquisition to completion Ensure the successful and on-budget completion of projects |
| Qualifications | MBA (preferably in business or real estate) Superior project management skills Previous experience that’s directly relevant to this role |
Property Manager
Working in property management is one of the best-paying jobs in real estate investment trusts that you can work toward with only a high school diploma.
Property Managers in the real estate investment industry have varied roles depending upon the needs of each REIT. For example, a Property Manager could handle apartment complexes, commercial buildings, or shopping centers, satisfying the demands of property owners, occupants, and investors.
| Estimated Salary | $70,000-$120,000 |
| Job Responsibilities | Managing residential and commercial properties |
| Qualifications | A bachelor’s degree is recommended but not required Relevant experience is recommended but not always required Expert managerial skills Communication skills |
Different Types of REITs
Now that you have a list of the best-paying jobs in real estate investment trusts, let’s explore the different sections of the REIT industry you can specialize in.
Medical REITs
Medical real estate investment trusts focus their efforts on commercial real estate like hospitals, clinics, research centers, and other healthcare facilities. As the medical industry is also a lucrative industry, working for a medical REIT can offer professionals some of the best-paying jobs.
Debt Real Estate Investment Trust
A debt REIT focuses on providing loans to its real estate investment clients who want to acquire residential and commercial real estate. This type of real estate investment trust makes its money from the interest on the loans they provide to other real estate developers and investors.
Merchandise REITs
A merchandise real estate investment trust focuses on the retail industry. This includes malls, supermarkets, and department stores.
These types of real estate investment trusts can act as the property manager for malls and other shopping centers and provide financing for property buyers and lessees.
Domestic Real Estate Investment Trust
The domestic sector of the REIT industry deals with creating communities, apartment complexes, and other housing developments.
Equitability REITs
A real estate investor backs an equitability real estate investment trust. These types of REITs will find opportunities in the form of residential properties like apartments and commercial properties like resorts. They then present them for approval by their investors. After the real estate transaction is approved, the REIT will manage the project and provide a portion of its profits back to its investor.
What’s it Like to Work for a REIT?
Working for real estate investment trusts is a fast-paced environment continually changing as new acquisitions and sales occur. It involves traveling, managing relationships, and familiarizing yourself with an ever-changing portfolio of properties.
The people you’re going to work with are highly experienced and good at what they do, which creates an environment of hard-working people who want to advance and earn more. It can be a motivating and competitive environment. Depending on your personality and preferred company culture, this can be a good or bad thing.
Benefits of Working for a REIT
While it does pay well to work for a REIT, what other benefits does it provide?
Additional benefits of working for a REIT include:
- Added job security: Even as the economy and industry fluctuate, one of the biggest benefits of working for a REIT is knowing your industry and job will always be needed. Even when the market and economy fluctuate, there will always be a need to manage, develop, acquire, lease out, and sell residential and commercial properties.
- Opportunities to advance your career: As you continue developing your skills and gaining more experience, there are ample job opportunities for advancement within the REIT industry.
- Flexible work environment: Many REITs provide employees with a flexible work environment, allowing them to make their own schedules while still getting their work done.
- Additional earning opportunities: A REIT already provides well-paying jobs, it also typically offers bonuses and stock options that empower employees to earn even more.
Final Thoughts on the Best Paying Jobs in Real Estate Investment Trusts
In addition to offering some of the best-paying jobs, working for real estate investment trusts can provide job security, advancement opportunities, and a fast-paced working environment.
Now that you have more information about the types of well-paying jobs available in the industry, you can decide if working for real estate investment trusts is right for you!
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How Small and Medium Businesses Can Help Their Communities by Innovating with Cloud Technology
Opinions expressed by Entrepreneur contributors are their own.
The term small and medium businesses (SMBs) belies the sizable contribution these organizations make to economies and employment markets. According to the World Economic Forum, “Small and medium-sized enterprises (SMEs), which represent around 90% of all firms globally, provide roughly 70% of all employment and, by some estimates, contribute to up to 70% of global GDP.” They are also embedded in their communities, delivering innovative products and services that play a crucial role in accelerating economic development.
However, doing all of this while remaining competitive requires SMBs to perform a fine balancing act between three key goals. They must accelerate speed to market for their products and services, they must build customer trust and at the same time, they must work to reduce costs. So, how are these small but mighty SMBs doing it? And — more importantly — how can they make it easier and do it better? The answer, supported by a recent report from Accenture, lies in adopting cloud services and technologies.
Related: 4 Reasons Business Leaders Need to Accelerate Cloud Adoption
Leveraging cloud tools to unlock billions in benefits
The report estimates that by 2030, cloud-enabled SMBs in healthcare, education and agriculture will have unlocked $161 billion in productivity gains. These cloud-enabled SMBs will support 95.8 million jobs, equivalent to 8% of the total employment on average across the 12 countries studied. Meanwhile, SMBs in these sectors in the U.S. stand to gain a predicted $79.8 billion, a 26% increase in current productivity benefits. Within cloud computing, artificial intelligence (AI) and machine learning (ML) are expected to have the most significant effect: 78% of businesses surveyed identified these technologies as the most significant in creating societal impacts in 2030.
Many businesses have already migrated services and computing to the cloud. Approximately 63% of all U.S. businesses (and 44% globally) now utilize cloud technology. Most of these will be large enterprises with the digital savvy and resources to make the move. This means there are many SMBs that are, therefore, missing out. First, on being able to achieve that fine balancing act between the three key goals. Second, on the opportunity to build on current achievements and continue to spearhead positive change across communities and economies.
By utilizing on-demand services and products, SMBs will gain access to the kind of tools and approaches historically restricted to large enterprises. This means they can capitalize on emerging trends by being first to market with new products (addressing key goal number one). They can also deliver secure, high-quality products and services, protect customer data and provide reliable customer support to help build customer trust (addressing key goal number two). Finally, as a result of introducing more efficient processes and better resource allocation and supply chain management, they can streamline operations and ensure they’re financially resilient (key goal number three).
Related: How to Revolutionize Your Supply Chain by Harnessing the Power of Smart Technologies
AI, ML and advanced adoption
The OECD’s definition of cloud adoption levels includes basic adoption, such as web-based email services or cloud-based storage solutions, and intermediate adoption, such as customer relationship management or enterprise resource planning tools. The average rate of basic adoption in the countries surveyed in Accenture’s report stands at 44%, and that of intermediate adoption hovers at 19%. There is clearly a large proportion of SMBs that are missing out, yet it’s in the adoption of advanced technologies that the greatest untapped gains lie. Within this third level of cloud adoption, the OECD includes the likes of AI and ML tailored for sophisticated tasks. The average advanced cloud adoption rate is currently 13%, yet 78% of respondents to the report identified AI and ML as the technologies that will have the most transformative impact on societies.
To realize that vision, this gap must be closed. As it becomes so, what can we expect to see and experience in critical sectors by 2030? In education, SMBs could help make learning more accessible and provide personalized content and individualized feedback to students. In healthcare, they could enable more medics to analyze results more accurately and synthesize high volumes of data for R&D: generative AI is expected to play a role in the development of up to 30% of all new drugs by 2025. In farming, we would see a greater uptake of AI and ML technologies for precision, data-driven agriculture, which uses fewer resources and yields greater results.
Reducing costs, enabling scalability and gaining expertise
This vision and the prospect of adopting cloud technologies will be significant for many SMBs that will understandably want to start small. Fortunately, the nature of the cloud supports this. Instead of investing heavily in new infrastructure, SMBs can use cloud services and virtualized resources on a pay-as-you-go model. Shifting from traditional fixed costs to a variable costs model means organizations only pay for what they use — which can be scaled up and down to meet demands – reducing running costs and freeing up capital. Starting small also means working with a cloud services provider that understands the needs of each SMB it works with and offers tailored support and training.
Of course, just because we start small doesn’t mean we can’t think big. In terms of migrating to new cloud technologies, SMBs should adopt a whole-of-business cloud migration strategy and draw on the knowledge and expertise of other organizations that have already made the move. For businesses operating in any market, these benefits will be attractive — especially to their bottom line. Finally, achieving this vision for 2030 can’t be attained without the buy-in of other markets and sectors of society. Moving towards this goal — and leveraging the cloud technologies required means continuing coordination between governments, educators and other industries.
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