REAL211 Commercial Property Management

Department of Business Studies: Business Studies Department Archive

I. Course Number and Title
REAL211 Commercial Property Management Course No Longer Offered
II. Number of Credits
2 credits
III. Number of Instructional Minutes
1500
IV. Prerequisites
REAL201 or permission of the Department of Business Studies
Corequisites
None
V. Other Pertinent Information
None
VI. Catalog Course Description
This course covers the fundamental principles included in the management of non-residential property, including defining the property and property management, the management agreement, fiscal management of the asset, non-residential tenants, physical management of the asset, laws, ethics, and mathematics related to commercial property management.
VII. Required Course Content and Direction
  1. Course Learning Goals

    1. It is understood that this course will be designed with respect to its application to non-residential properties.
  2. Planned Sequence of Topics and/or Learning Activities

    1. Definition of Property Manager
      1. Responsibilities of the Property Manager
      2. Qualifications
      3. Compensation
      4. Ethics
      5. Professional Organizations
    2. The Property
      1. Asset Management
      2. Defining the Owner's Short-Term verus Long-Term Goals
        1. Financing
        2. Valuing the Cash Flow
          • Return "On" and "Off" Value
          • Net Present Value (NPV)
          • Discountinued Cash Flow
          • Financial Managment Rate of Return ( FNMR)
    3. The Management Agreement
      1. Development of the Management Plan
      2. Components of the Management Agreement
    4. Fiscal Management of the Asset
      1. Fiduciary Responsibilty
      2. Developing a Budget
        1. Evaluating Rents and Other Sources of Income
        2. Estimating and Controlling Expenses
      3. Collection of Income
      4. Payment of Bills
      5. Insurance
    5. Managing Non-Residential Properties
      1. Retail
      2. Offices
      3. Shopping Centers and Malls
      4. Industrial Sites
    6. Non-Residential Tenants
      1. Tenant Relations
      2. Tenant Services
      3. Lease Agreements
        1. Negotiating; Terms
        2. NetLleases
      4. Laws
    7. Physical Management of the Asset
      1. Operation of the Property
      2. Tenant Responsibilities
  3. Assessment Methods for Course Learning Goals

  4. Reference, Resource, or Learning Materials to be used by Student:

    See course syllabus for required textbook.

Review/Approval Date - 9/99; Revised 4/05; New Core 8/2015