RE3REAM-Real Estate Asset Management

Module Provider: Real Estate and Planning
Number of credits: 20 [10 ECTS credits]
Level:6
Terms in which taught: Autumn / Spring / Summer module
Pre-requisites: RE2PREP Projects in Real Estate and Planning (2)
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2018/9

Module Convenor: Dr Cathy Hughes

Email: cathy.hughes@henley.reading.ac.uk

Type of module:

Summary module description:

The module explores both practical and strategic aspects of real estate management for commercial property focussing on asset and property management. It aims to provide the student with an understanding of the role, responsibilities and skills required of the real estate manager and a critical appreciation of the diversity and development of the management functions. It is considered from the perspective of the both investors and occupiers, including corporates (who may be tenants or owner/occupiers). Underpinning the module is the application of key management and business concepts to real estate advice and management.


Aims:

The module explores both practical and strategic aspects of real estate management for commercial property focussing on asset and property management. It aims to provide the student with an understanding of the role, responsibilities and skills required of the real estate manager and a critical appreciation of the diversity and development of the management functions. It is considered from the perspective of the both investors and occupiers, including corporates (who may be tenants or owner/occupiers). Underpinning the module is the application of key management and business concepts to real estate advice and management.


Assessable learning outcomes:

By the end of the module it is expected that the student will be able to:



- Apply management concepts to the management of real estate.



- Distinguish and compare the main activities and responsibilities of managers within different specialisms.



- Critically assess how real estate management can add value;



- Critically assess the impact of property on an (non-property) organisation’s main objectives;



- Discuss the property resource in a non-property organisation in terms of a corporate strategy framework;



- Examine the ways in which corporate property can be monitored and controlled;



- Evaluate the different ways in which property management functions can be organised;



- Discuss and appraise how emerging trends and new issues affect real estate managers in different sectors and specialisms, and from different perspectives


Additional outcomes:

The module also aims to develop oral communication, problem solving and business awareness particularly in workshop sessions.


Outline content:

The module spans strategic asset management for investors, corporates and the not for profit sector, as well as operational activities. Specific areas studied may include; Active asset management



· Landlord and tenant relations



· Property management delivery



· Corporate Real Estate structures and control systems



· New working practices and impact on CRE



· Facilities management



· Public sector asset management



· Environmental issues


Brief description of teaching and learning methods:

There is one two-hour session most weeks which combines lectures with practical workshop/seminar activities. External field trips are an essential part of the module and students are expected to attend these.


Contact hours:
  Autumn Spring Summer
Lectures 12 14 2
Seminars 4
External visits 4 2
Guided independent study 60 64 38
       
Total hours by term 80.00 80.00 40.00
       
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written exam 50
Written assignment including essay 50

Summative assessment- Examinations:
One two-hour paper to be taken at the time of final examinations.

Summative assessment- Coursework and in-class tests:

One written assignment of 2,500 words submitted in weeks 4 or 5 of Spring term


Formative assessment methods:

Penalties for late submission:

The Module Convenor will apply the following penalties for work submitted late, in accordance with the University policy. 

•  where the piece of work is submitted up to one calendar week after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for the piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of five working days;

•  where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

The University policy statement on penalties for late submission can be found at: http://www.reading.ac.uk/web/FILES/qualitysupport/penaltiesforlatesubmission.pdf

You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.


Assessment requirements for a pass:
A mark of at least 40% overall.

Reassessment arrangements:

Reassessment will be by a 3 hour exam, subject to variation by the Examination Board where appropriate.


Additional Costs (specified where applicable):

Last updated: 20 April 2018

THE INFORMATION CONTAINED IN THIS MODULE DESCRIPTION DOES NOT FORM ANY PART OF A STUDENT'S CONTRACT.

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