You probably already know that real estate investment trusts (REITs) are a type of company that owns and manages real estate assets. Obviously! These special types of companies were created by Congress in 1960 as a way for small investors to invest in large real estate projects. Fast forward over 60 years, and today there are more than 200 publicly traded REITs in the United States with a total market capitalization of over $1 trillion. Needless to say, that’s a lot of growth.

Today, in 2023, REITs own a wide range of real estate assets, including office buildings, shopping centers, apartments, hotels, and industrial properties. The income they generate by leasing these properties to tenants is distributed to investors in the form of dividends. Because REITs are required by law to distribute at least 90% of their taxable income to investors, they often have high dividend yields, making them attractive investment vehicles.

The history of REITs in America dates back to the 19th century when large real estate projects were funded by wealthy individuals or partnerships. In the early 20th century, corporations began to enter the real estate market, but they were subject to double taxation, which made it difficult to compete with partnerships. The creation of REITs in 1960 solved this problem by allowing corporations to avoid double taxation by distributing most of their taxable income to investors.

REITs have become a popular way for investors to diversify their portfolios and generate income. Because they are required to distribute most of their taxable income to investors, they often have higher dividend yields than other types of stocks. In addition, REITs provide exposure to the real estate market, which can be a valuable addition to a well-diversified portfolio.

To continue delivering solid returns, REITs must employ specific types of real estate professionals to manage their real estate assets and operations. These niche professionals include: property managers; leasing agents; asset managers; analysts, accountants; lawyers; and marketing professionals. Because of the specialized nature of these roles, REITs often struggle to find candidates with real estate specific skills and experience.

Partnering with a boutique recruiting company like TalentWoo, which specializes in real estate, is one of the most strategic decisions an executive can make. As a leading recruiting process outsourcing firm that specializes in the real estate industry, our team of experienced recruiters have a strong network that we can leverage to help your REIT continue to scale. We have helped REITs find candidates for a wide range of roles, from property managers to C-level executives. We have built relationships with top professionals in the field and have access to a large pool of qualified candidates. This allows us to find the best talent for their clients quickly and efficiently. We have a deep understanding of the real estate market and the skills and experience required for different roles.

Partnering with TalentWoo can provide many other benefits for REITs, the most important of which is saving time and money on the hiring process. This alone can lead to better business results.