10853 (v.3) Property Management 330

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Area:	School of Economics and Finance
Credits:	25.0
Contact Hours:	3.0
Lecture:	1 x 1 Hours Weekly
Laboratory:	1 x 2 Hours Weekly
Syllabus:	Residential, office and retail property management, building services, maintenance policies and contracts, risk management, promotion and marketing, structuring leases and terms of sale, budgeting and expense projections and client reporting, efficient use of real estate assets of trading companies, strategic management of property portfolios.
Unit Outcomes:	On successful completion of this unit students will - Appreciate the distinctions between facilities management, property management, corporate real estate management, asset management and property portfolio management and have knowledge of what each entails. Have understood technical aspects such as leases, space marketing, tenant relations, owner relations, tendering for management business, rent review procedures, budgeting and expense projections, energy management and maintenance policies. Developedskills in preparing written reports and presenting them. Developed an understanding of computer database management through Excel.
Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information.
Unit References:	Alexander and Muhlebach, (1994), Managing and Leasing Commercial Properties, 2nd ed, Vol 1 and 2, NY, John Wiley and Sons. Hennessey, K., (1990), Critical Lease Terms and Their Effect on Valuation Approaches, The Valuer, Vol 30, No, 8, pp. 470-474. Kyle R.C. and Baird F.M., (1995), Property Management, 6th ed., Dearborn Financial Publishing. Wills, et al., (1991), Exit the Property Manager, Enter the Multi-Skilled Land Administrator, The Valuer, Vol 31, No. 5, pp352-353, 367.
Unit Texts:	Warren T., ( 1996), Managing Residential Property, 2nd ed., REIWA.
Unit Assessment Breakdown:	Asset/Corporate Management Essay 15%. End of Semester Examination 40%. Lab Exercises (3) 15%. Management Case Study (groups of 4) 15%. Property Management Research Topic Paper and Presentation (groups of 5) 15%. This is by grade/mark assessment.
Year Location Period Internal Area External Central External 2004 Bentley Campus Semester 1 Y   Y 2004 Bentley Campus Semester 2     Y