Module catalogue: RL5051

RL5051 - Real Estate Asset Management (2025/26)

Module specification

Module approved to run in 2025/26

Module title

Real Estate Asset Management

Module level

Intermediate (05)

Credit rating for module

School

School of the Built Environment

Total study hours

150

30 hours	Assessment Preparation / Delivery
84 hours	Guided independent study
36 hours	Scheduled learning & teaching activities

Assessment components

Type	Weighting	Qualifying mark	Description
Coursework	50%		Individual report - 1875 words
Coursework	50%		Individual report - 1875 words

Running in 2025/26

(Please note that module timeslots are subject to change)

No instances running in the year

Module summary

This module looks at how real estate surveyors optimise the value of real estate assets by proactive property management and effective asset management. The first part of the module considers the management of commercial property, the landlord and tenant relationship, and the obligations of both, with a view to maximising returns through active management. Topics covered include lease terms, service charges, maintenance regimes and sustainability, including environmental reporting. The second part of the module looks at the asset management of commercial property from an investment point of view, to maximise financial returns. This relates to lease restructuring, value, refurbishment programmes, obsolescence and potential development opportunities. You will learn about the technology available to manage data to understand how buildings are used and the importance of a dynamic management strategy identifying risks and future trends, to retain asset values.

Syllabus

• Stakeholder relationships (LO1,2)
• Leases, duration, terms, covenants, restructuring and insurance (LO1,2)
• Maintenance regimes and planned preventative maintenance (LO1,2)
• Building management systems (LO1,2)
• Property management software systems (LO2,3)
• Capital expenditure
• Portfolio management (LO1)
• Performance measurement (LO3)
• Dispute resolution (LO4)
• Benchmarking asset performance (LO3)
• Environmental reporting (LO2,3)
• Legislation affecting the letting of buildings (LO3)
• Future trends (LO3)
• RICS Code of Conduct and Guidance (LO4)

Balance of independent study and scheduled teaching activity

Study will be supported via lectures, seminars, workshops, and guided asynchronous activities. Where appropriate, activities, will be captured and made available to allow asynchronous access. The value of this blended approach is that you will be able to continue to explore topics beyond the classroom and interact with your cohort to expand on discussions and debates.

Lectures will help develop your knowledge and understanding gained from level 4 and workshops and other activities will allow you to apply your learning to a range of situations, helped by peer and tutor support.

You will receive formative feedback at regular intervals. Formative means that the feedback will not go towards your final mark for the module, but you will be able to use the feedback to learn, improve your knowledge of key topics and to develop your academic writing skills. Students will be given the opportunity to self-assess their learning in small group sessions and discussions.

You will be asked to do independent and guided reading and research to support your learning, this will help you to build a wider knowledge of economic theory and how it relates to the built environment and how it will affect you as a real estate professional.

Learning outcomes

On completion of the module the learner, operating independently and applying their knowledge and skills, should be able to:
1. Appraise the role of property and asset management in optimising returns for investors and maintaining the value of real estate assets.
2. Evaluate the factors which contribute to effective asset management strategies and analyse the risks to such strategies.
3. Analyse the influence of current legislation, regulations and sustainability targets in property and asset management and discuss future trends and predictions in relation to sustainability.
4. Apply understanding of professionalism and ethical conduct to different situations relating to property and asset management of real estate.

Bibliography

There is no single text currently in publication that provides a comprehensive coverage of all aspects of this module. There are several books, publications and online resources which cover various parts of the module in some detail, and these are included in the core text list.