RE3REAM: Real Estate Asset Management

Module code: RE3REAM

Module provider: Real Estate and Planning; Henley Business School

Credits: 20

Level: 6

When you'll be taught: Semester 2

Module convenor: Mr Brano Glumac, email: b.glumac@henley.reading.ac.uk

Module co-convenor: Mr Howard Cooke, email: howard.cooke@henley.reading.ac.uk

Additional teaching staff 1: Mr Kee Liang Chin, email: kl.chin@henley.edu.my

Pre-requisite module(s): BEFORE TAKING THIS MODULE YOU MUST TAKE RE2PREP (Compulsory)

Co-requisite module(s):

Pre-requisite or Co-requisite module(s):

Module(s) excluded:

Placement information: NA

Academic year: 2024/5

Available to visiting students: No

Talis reading list: Yes

Last updated: 19 November 2024

Overview

Module aims and purpose

The module explores the real estate management process; it is evaluated from the perspective of both investors and public/corporate occupiers. The students will be able to apply qualitative and quantitative techniques to analyse the real estate management process and thus make a better judgement on investment and tenure opportunities. Underpinning the module is the application of practical tools and conceptual understanding of the real estate management business. 

The module aims to provide students with an understanding of the role, responsibilities and skills required of the real estate manager. The management settings include both an investment and a corporate real estate portfolio. Students will therefore learn different qualitative and quantitative techniques to analyse investment but also tenure or occupancy opportunities. Furthermore, they will collate the techniques into various aspects of the real estate management process, critically evaluate them and understand their limitations. Students will also be able to distinguish between different concepts and underlying management processes in real estate and evaluate how the real estate trends in different parts of the world might impact future practices. 

The module lead at the University of Reading Malaysia is Mr Kee Liang Chin.

Module learning outcomes

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

1. Describe the real estate management process from an investor and occupier perspective by identifying the main activities and responsibilities of real estate managers and the main real estate market regularities, ethics, conflicts of interest, and information inefficiency on both national and international levels 
2. Apply various performance measurements for judging investment and tenure potential and examine and appraise how emerging trends and new issues affect real estate managers in different sectors and specialisms 
3. Construct the relationships between real estate asset management and organisational strategies 
4. Develop problem-solving skills and business awareness in real estate management 

Module content

• Introduction to real estate investment / corporate management 
• Operating business models in real estate management 
• Active real estate asset management 
• Real estate transaction process 
• Investor (landlord) and occupier (tenant) relations 
• Investment performance measurement 
• Services and occupiers’ performance 
• Workspace and occupiers’ performance 
• Corporate real estate governance and social structures 
• Corporate real estate alignment to corporate strategy 
• Environmental, social and governance performance and real estate assets 

Structure

Teaching and learning methods

The module is taught using a combination of lectures, seminars and drop-in sessions. 

For students studying at our campus in Malaysia: This module may be taught in a different semester and the breakdown of study hours may differ to those set out in the Study Hours table (please refer to the Module Handbook for the correct breakdown). In addition, you will be required to complete an additional 40 hours of study, taking the total number of study hours to 240 for this module. This is to comply with the Malaysian Quality Agency (MQA). 

Study hours

At least 30 hours of scheduled teaching and learning activities will be delivered in person, with the remaining hours for scheduled and self-scheduled teaching and learning activities delivered either in person or online. You will receive further details about how these hours will be delivered before the start of the module.

Please note the independent study hours above are notional numbers of hours; each student will approach studying in different ways. We would advise you to reflect on your learning and the number of hours you are allocating to these tasks.

Semester 1 The hours in this column may include hours during the Christmas holiday period.

Semester 2 The hours in this column may include hours during the Easter holiday period.

Summer The hours in this column will take place during the summer holidays and may be at the start and/or end of the module.

Assessment

Requirements for a pass

Students need to achieve an overall module mark of 40% to pass this module.

Summative assessment

Penalties for late submission of summative assessment

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

Assessments with numerical marks

• 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 three working days;
• the mark awarded due to the imposition of the penalty shall not fall below the threshold pass mark, namely 40% in the case of modules at Levels 4-6 (i.e. undergraduate modules for Parts 1-3) and 50% in the case of Level 7 modules offered as part of an Integrated Masters or taught postgraduate degree programme;
• where the piece of work is awarded a mark below the threshold pass mark prior to any penalty being imposed, and is submitted up to three working days after the original deadline (or any formally agreed extension to the deadline), no penalty shall be imposed;
• where the piece of work is submitted more than three working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

Assessments marked Pass/Fail

• where the piece of work is submitted within three working days of the deadline (or any formally agreed extension of the deadline): no penalty will be applied;
• where the piece of work is submitted more than three working days after the original deadline (or any formally agreed extension of the deadline): a grade of Fail will be awarded.

The University policy statement on penalties for late submission can be found at: https://www.reading.ac.uk/cqsd/-/media/project/functions/cqsd/documents/qap/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.

Formative assessment

Formative assessment is any task or activity which creates feedback (or feedforward) for you about your learning, but which does not contribute towards your overall module mark.

Reassessment

Additional costs