Real estate Investment Trusts (REITs) are a type of investment vehicle that own and operate income-producing real estate. REITs can be publicly traded on stock exchanges, or they can be private. Here are a few examples of jobs in REITs that tend to pay well:
CEO or COO: The CEO or COO of a REIT is responsible for the overall strategy and performance of the company. This is a high-level position that requires significant experience and knowledge of the real estate industry. These positions typically pay a high salary, with the potential for bonuses and stock options. The average salary range for these positions is $250,000 to $500,000+ per year.
Portfolio Manager: Portfolio managers are responsible for managing the REIT's assets and ensuring that they are generating the highest possible return on investment. This typically requires a high level of experience and knowledge of the real estate industry, and these positions typically pay a high salary, with the potential for bonuses and stock options. The average salary range for these positions is $150,000 to $300,000+ per year.
Asset Manager: Asset managers are responsible for identifying, acquiring and managing properties on behalf of the REIT. This typically requires a high level of experience and knowledge of the real estate industry, and these positions typically pay a high salary, with the potential for bonuses and stock options. The average salary range for these positions is $120,000 to $200,000+ per year.
CFO or Financial Analyst: The CFO or Financial Analyst is responsible for analyzing financial data and making recommendations to the CEO and other executives to help the REIT make informed investment decisions. They typically have a background in finance and have a good understanding of the real estate market. They are usually well compensated. The average salary range for these positions is $90,000 to $150,000+ per year.
Director of Operations: The Director of Operations is responsible for managing the day-to-day operations of the REIT, such as property management, leasing, and maintenance. This position typically requires a high level of experience and knowledge of the real estate industry, and these positions typically pay a high salary, with the potential for bonuses and stock options. The average salary range for these positions is $100,000 to $180,000+ per year.
Development Manager: Development Managers are responsible for identifying, evaluating and executing new development opportunities for the REIT. This typically requires a high level of experience and knowledge of the real estate industry, and these positions typically pay a high salary, with the potential for bonuses and stock options. The average salary range for these positions is $120,000 to $200,000+ per year.
Leasing Manager: Leasing Managers are responsible for leasing the REIT's properties and ensuring high occupancy rates. They typically have a background in sales, marketing, and leasing. They work closely with the asset managers, portfolio managers and the Director of Operations to execute the REIT's leasing strategy. They are usually well compensated. The average salary range for these positions is $80,000 to $150,000+ per year.
Construction Manager: Construction Managers are responsible for overseeing the construction, renovation and maintenance of the REIT's properties. They typically have a background in construction management or engineering. They work closely with contractors, architects and engineers to ensure the projects are completed on time, within budget, and to the quality standards. They are usually well compensated. The average salary range for these positions is $100,000 to $150,000+ per year.
Property Manager: Property Managers are responsible for the day-to-day operations of the REIT's properties. They typically have a background in property management, real estate, or business administration. They are responsible for the leasing, maintenance and overall upkeep of the properties. They are usually well compensated. The average salary range for these positions is $60,000 to $100,000+ per year.
Investment Analyst: Investment Analysts work closely with the Portfolio Managers and the CEO/COO to analyze and evaluate potential investment opportunities for the REIT. They typically have a background in finance, economics or real estate. They conduct market research, analyze financial data and make recommendations to the REIT's management team. They are usually well compensated. The average salary range for these positions is $70,000 to $120,000+ per year