REAL211 Commercial Property Management
Department of Business, Innovation, and Legal 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
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Course Learning Goals
- It is understood that this course will be designed with respect to its application to non-residential properties.
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Planned Sequence of Topics and/or Learning Activities
- Definition of Property Manager
- Responsibilities of the Property Manager
- Qualifications
- Compensation
- Ethics
- Professional Organizations
- The Property
- Asset Management
- Defining the Owner's Short-Term verus Long-Term Goals
- Financing
- Valuing the Cash Flow
- Return "On" and "Off" Value
- Net Present Value (NPV)
- Discountinued Cash Flow
- Financial Managment Rate of Return ( FNMR)
- The Management Agreement
- Development of the Management Plan
- Components of the Management Agreement
- Fiscal Management of the Asset
- Fiduciary Responsibilty
- Developing a Budget
- Evaluating Rents and Other Sources of Income
- Estimating and Controlling Expenses
- Collection of Income
- Payment of Bills
- Insurance
- Managing Non-Residential Properties
- Retail
- Offices
- Shopping Centers and Malls
- Industrial Sites
- Non-Residential Tenants
- Tenant Relations
- Tenant Services
- Lease Agreements
- Negotiating; Terms
- NetLleases
- Laws
- Physical Management of the Asset
- Operation of the Property
- Tenant Responsibilities
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Assessment Methods for Course Learning Goals
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Reference, Resource, or Learning Materials to be used by Student:
See course syllabus for required textbook.
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Review/Approval Date - 9/99; Revised 4/05; New Core 8/2015