Strategic Asset Management DL

PLAN71031 Strategic Asset Management DL 20 Semester 1 Postgraduate Taught Level 7 1 FHEQ level (Framework for Higher Education Qualifications) ' Masters/Integrated Masters P4 ' European Credit Transfer & Accumulation System Rating : 10.0  This unit will introduce students to the role of the asset manager, primarily from the perspective of commercial property investment.  It will cover both the strategic aims and the tactical approaches that are used in the pro-active asset management of a real estate portfolio. An important part of this course unit is the use of a ‘virtual portfolio’ comprising a variety of properties, with individual risk profiles, for which management information, typical of that found in UK practice, will be provided.  Principles and techniques of asset management are considered and then discussed in the context of these buildings. Activities will comprise a series of structured problem-scenarios, which you will work together in groups to resolve.  The final activity will involve valuing the portfolio to quantify the success of your asset management decisions.  Part of your assessment comprises an individual critical reflection on the learning outcomes from this series of workshops.Topics to be covered include:  adding value – is this enough?; performance metrics and risk management; sustainability and responsible property investment; tenant-mix, place-making and the ‘experience’ economy; financial and lease management including the use of ‘green leases’; the user perspective – the landlord and tenant relationship; workplace design for flexibility and performance.  This unit will introduce students to the role of the asset manager, primarily from the perspective of commercial property investment.  It will cover both the strategic aims and the tactical approaches that are used in the pro-active asset management of a real estate portfolio. An important part of this course unit is the use of a ‘virtual portfolio’ comprising a variety of properties, with individual risk profiles, for which management information, typical of that found in UK practice, will be provided.  Principles and techniques of asset management are considered and then discussed in the context of these buildings. Activities will comprise a series of structured problem-scenarios, which you will work together in groups to resolve.  The final activity will involve valuing the portfolio to quantify the success of your asset management decisions.  Part of your assessment comprises an individual critical reflection on the learning outcomes from this series of workshops.Topics to be covered include:  adding value – is this enough?; performance metrics and risk management; sustainability and responsible property investment; tenant-mix, place-making and the ‘experience’ economy; financial and lease management including the use of ‘green leases’; the user perspective – the landlord and tenant relationship; workplace design for flexibility and performance. <ul> <li> to introduce the principles of strategic asset management and encourage informed debate over different strategies and styles of management</li> <li> to explore the tactics used to pro-actively manage real estate assets</li> <li> to encourage an inquisitive, critical and forward-looking approach to problem-solving and develop students’ ability to anticipate consequential effects of their decisions in asset management</li> </ul> <ul><li>Demonstrate a comprehensive understanding of the role of the real estate asset manager and alternative management strategies.</li><li>Demonstrate understanding of the implications of asset management decisions on real estate asset value</li></ul> <ul><li>Critically evaluate information, make considered judgements and produce innovative and credible solutions to a problem</li><li>Demonstrate a reflective approach to problem-solving.</li></ul> <ul><li>Demonstrate numeracy skills through appreciation of issues around selection, accuracy, uncertainty and approximation with numbers.</li></ul>  By the end of this course unit students should be able to:<ul><li>Recognise the importance of attention to detail</li><li>Demonstrate ability to communicate ideas and arguments concisely, using appropriate language for the target audience</li><li>Demonstrate commercial awareness through consideration of a broad range of issues and the implications on value.</li></ul>  This module is delivered entirely by distance-learning. You will receive access to the online virtual learning environment which will contain the learning materials and the online tools required to interact with tutors and your fellow students.The learning materials have been specifically designed to provide an interactive and carefully structured introduction to each topic, guidance on further reading, opportunities for reinforcement activity (checking that you can apply your knowledge) and formative feedback (monitoring your progress and identifying ways to improve).The material is designed to allow you to study in a flexible manner (at your own pace) but there will be certain points during the block of study when summative (tutor-assessed) work will need to be submitted.The course materials should be considered as the starting point for your study of the subject and you should read as much professional literature (professional body publications, market reports and periodicals) and academic literature (textbooks and refereed journal articles) as you can. 2 Written assignment (inc essay) 90% 7 Oral assessment/presentation 10% Group Presentation (500 words or equivalent) 10%Critical reflection based on your learning and development through the online workshops and associated reading and research.  You will keep a reflective journal throughout this course unit and will receive formative feedback on this before submission of the final critical reflection (3,500 words) 90% PLAN71031 RE DL Conditions (Programme 07880) MSc Real Estate Distance Learn MSc Real Estate Blended Learn PGDT Taught Component Mandatory N  There is no textbook which matches the course content but these two give a good overview of the issues involved with the practical aspects of managing real estate assets:Banfield, A. (2005) Stapleton’s real estate management practice 4th ed. London: EG BooksScarrett, D (2011) Property asset management 3rd ed. Abingdon: RoutledgeThe books below provide further reading on specific topics that will be covered in the course:Collins, J. (2001) Good to great: why some companies make the leap, and others don’t.  London: Random HouseEdington, G. (1997) Property management: a customer focused approach.  Basingstoke: Palgrave MacmillanEdwards, B.W and Naboni, E. (2013) Green buildings pay: design, productivity and ecology 3rd ed. Abingdon: RoutledgeFinch, E. (Ed) (2012) Facilities change management Chichester: Wiley-BlackwellForrester, P. (2004) Case in point - service charges. Coventry: RICS Business Services LtdHaynes, B. P. & Nunnington, N. (2010).  Corporate real estate asset management: strategy and implementation.  Oxford: ElsevierJohnson, G. and Scholes, K. (2011)  Exploring Corporate Strategy 9th ed Harlow: Prentice HallKotler, P. & Lee, N. (2005). Corporate social responsibility: doing the most good for your company and your cause. New Jersey: John Wiley & Son.Parboteeah, K.P. and Cullen, J.B. (2013)  Business ethics  Abingdon: RoutledgePine II, B. J. and Gilmore, J. H. (2011). The experience economy. Rev. ed. Boston: Harvard Business School PublishingPorter, M (2004) Competitive advantage: creating and sustaining superior performance  London: Free PressSchon, D.A. (1991) The reflective practitioner: how professionals think in action. Avebury: Ashgate Publishing LtdSirgy, M.J. (2014) Real estate marketing. Abingdon: Routledge Lectures 15 0 135