REMF44: Real Estate Asset Management

Module code: REMF44

Module provider: Real Estate and Planning; Henley Business School

Credits: 20

Level: Postgraduate Masters

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

Pre-requisite module(s):

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: 27 June 2024

Overview

Module aims and purpose

The Real Estate Asset Management – REMF44 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 judgment 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. 

Module learning outcomes

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

• Critically analyse and synthesise the real estate management process from both investor and occupier perspectives, demonstrating a comprehensive and nuanced understanding of the roles, responsibilities, and ethical challenges faced by real estate managers. This includes an advanced analysis of market regularities, conflicts of interest, and information inefficiencies at both national and international levels, integrating current research and emerging trends in the field. 
• Evaluate and innovate in the application of diverse performance metrics to assess investment and tenure potential, exhibiting originality and advanced critical thinking. Conduct in-depth research and critique on the impact of emerging trends and new issues on real estate management across various sectors and specialisms, proposing new models or hypotheses where appropriate. 
• Conduct an analysis of the dynamic interplay between real estate asset management and organizational strategies, demonstrating mastery in identifying and theorizing potential synergies and tensions. Propose advanced, evidence-based strategies for optimizing this relationship within diverse organizational contexts. 
• Demonstrate and refine advanced problem-solving capabilities and strategic business insight in real estate management. Engage in complex, real-world scenarios requiring original and innovative solutions, backed by rigorous analysis and a comprehensive understanding of the broader business environment. 

Module content

• Introduction to real estate investment 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 
• Introduction to corporate real estate management 
• 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. 

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 50% 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