Asset Management: Elective in

Property managers today work hand-in-hand with asset managers, or serve as asset managers themselves. Therefore, you need to understand an asset manager's role, function, and place in real estate and business. This course will detail the role and responsibilities of an asset manager, as well as provide you with the skills to fulfill this position. You will learn to develop an asset management plan, including appropriate human, physical, and financial resources. You will learn about the measurement of financial objectives, including audits and reasons for them. You will gain an understanding of property acquisition, disposition, and evaluation of troubled property alternatives.

Major topics covered in this course:

• Strategic planning

• Investment analysis

• Operation analysis

• Property acquisition

• Property disposition

• Retaining and attracting tenants

You will take away these key concepts and skills:

• The know-how to formulate sound financial strategies

• Guidance in consistently monitoring asset performance

• The ability to manage financial strategies, including estimating and cost justification

• Guidelines for budgeting staff and operating costs, and for tracking performance

ACE credit recommendation: 2 semester hours, lower division baccalaureate