module specification

This module looks at how real estate surveyors optimise the value of real estate, firstly through the effective management of property on a day-to-day basis, maintaining landlord and tenant relationships; and then more strategically by the management of property as a financial investment and maximising returns.
Property management of commercial real estate covers issues relating to planned maintenance, health and safety, landlord and tenant relationships, and service charges. In general, any matter associated with the smooth running of a property.
Asset management of commercial real estate considers property from an investment point of view, to maximise financial returns and includes the management of portfolios of property. You will look at matters such as lease restructuring, valuation, refurbishment programmes, obsolescence, redevelopment and adaption. You will learn about data collection and analysis and the importance of a dynamic management strategy identifying risks and future trends, to retain asset values. 
Approaches to sustainability and environmental reporting will also be examined and the influence of such reporting on real estate investment.

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

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.
There will be numerous examples discussed in class and details of these will be provided on Weblearn, together with additional material, for students to study, including visual materials, alongside reading materials. The VLE (Weblearn) also provides a platform to discuss and debate topics with tutors and peers outside the classroom.
Lectures will help develop your knowledge and understanding of topics, and workshops and other activities will allow you to apply your learning to a range of situations, helped by peer and tutor support, to develop your critical application and engender debate amongst the cohort.
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.

On completion of the module the learner, operating independently and applying their knowledge and skills, should be able to:
1. Evaluate effective property management strategies.
2. Critically appraise the efficacy of various asset management strategies in optimising returns and maintaining value.
3. Reflect on the impact of legislation, regulation and ESG goals on property and asset management.
4. Demonstrate knowledge and understanding of the importance of professionalism and ethical conduct to the real estate profession.

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