RE3PAM-Projects in Appraisal and Management

Module Provider: Real Estate and Planning
Number of credits: 30 [15 ECTS credits]
Level:6
Terms in which taught: Autumn / Spring term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites: RE3AV Applied Valuation RE3REAM Real Estate Asset Management RE3DAF Development Appraisal and Finance
Modules excluded: RE3IVP Investment and Finance Projects and RE3PDP Projects in Development and Planning
Current from: 2021/2

Module Convenor: Dr Steven Devaney
Email: s.devaney@reading.ac.uk

Type of module:

Summary module description:

This module consists of projects related to the appraisal and management of real estate assets. The nature of each project will vary with changing market conditions and the importance of various topics to the real estate marker.  As such, it is not possible to specify in advance the subject of each project. However, the module will blend practical and theoretical perspectives involving close-to-market materials and will enhance the skills and knowledge of students about comtemporary real estate markets. The module might involve travel from the university and site visits.

This module is delivered at the University of Reading and University of Reading Malaysia.

Aims:

To provide the student with an understanding and appreciation of a range of practical and theoretical issues related to the evolving role and responsibilities of the property asset manager and appraiser.

Assessable learning outcomes:

By the end of the module, it is expected that the student should:

• Possess a sound understanding of the operation of real estate markets and the social and economic factors that affect them;


• Apply appropriate methodologies to the valuation of property assets;


• Evaluate the importance of lease structures to property management and appraisal functions;


• Be aware of current issues and trends in property management , valuation and investment;


• Write reports that meet professional standards;


• Apply appropriate analytical techniques to academic problems.

Additional outcomes:

The module incorporates elements which provide the student with an opportunity to continue the improvement of their written and oral communication, problem solving skills, business awareness and numeracy. Students will also continue to develop IT skills through the use of relevant software, web resources and databases.

Outline content:

The module is structured around two discrete projects, taken sequentially. Each project will provide the student with an opportunity to apply theoretical concepts and techniques, technical and/or legal knowledge, and relevant research to the analysis and evaluation of practical problems and situations.

Global context:

Projects may incorporate international situations and examples.

Brief description of teaching and learning methods:

Whilst the main emphasis of the module is on independent learning, each project will be supported by lectures, seminars, workshops, individual tutorials or site visits, where appropriate.

Contact hours:

	Autumn	Spring	Summer
Lectures	2	2
Tutorials	4	4
Project Supervision	2	2
External visits	2	2
Guided independent study:
Wider reading (independent)	70	70
Essay preparation	70	70
Total hours by term	150	150	0
Total hours for module	300

Summative Assessment Methods:

Method	Percentage
Project output other than dissertation	100

Summative assessment- Examinations:

N/A

Summative assessment- Coursework and in-class tests:

Two project reports of around 3750 words (or equivalent output) each. Each project carries 50% weight in terms of the total module assessment.

• Project 1 hand-in: week 15 (last week of Autumn term)


• Project 2 hand-in: week 30 (last week of Spring term)

Formative assessment methods:

Any formative assessments will reflect the particular nature of the projects being set in each year. 

Penalties for late submission:

The Support Centres will apply the following penalties for work submitted late:

• where the piece of work is submitted after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that 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 the same method as for the module’s original assessment requirements, subject to variation by the Examination Board where appropriate

Additional Costs (specified where applicable):

Last updated: 8 April 2021