Lecture 1

Question 1

Rates of Building Change

Answer 1

Site - Permanent
Structure - 30 to 300 years
Skin - 20+ years
Services - 7 to 20 years
Space Plan - 3 years
Stuff - Under 3 years

Question 2

Property Management

Answer 2

Stewardship - owner objects and organisation culture
Efficient - Best price and high ROI
Effective - Corporate productivity and staff/tenant retention

Question 3

Property asset management

Answer 3

It is a structured, holistic and
integrating approach for aligning and
managing over time service delivery
requirements and the performance of
property assets to meet business
objectives and drivers.

Question 4

Strategic component to property asset management

Answer 4

medium to longer term and involves decisions
on appropriate investment in property assets
to meet customers/end-user needs and service
delivery requirements.

Question 5

Operational component to property asset management

Answer 5

The ongoing management of property assets
over the short to medium term time horizon
within an allocated budgetary framework set at
the strategic level once investment decisions in
property assets have been made

Question 6

Portfolio Management

Answer 6

Strategic focus - Set real estate allocation against return requirements, risk tolerances and liquidity needs. Analyse real estate markets across sectors and regions.

Question 7

Investment Portfolio Management

Answer 7

Equities
Fixed Interests
Properties

Question 8

Property Portfolio Management

Answer 8

Office 
Retail 
Residential
Industrial 
Special Purpose

Question 9

Asset Managers - Implementation Focus

Answer 9

Planning and implementation of
investments, develop objectives in
relation to property investments,
Research asset allocation, Acquisition
and disposal management, Efficient
delivery of services across the portfolio
and performance measurement at
portfolio level.

Question 10

Decisions of Real Estate Asset Management

Answer 10

State of the market
Buying/selling assets
Financial viability
Appropriate strategy
Legal issues
Marketing
Performance Physical/aesthetic attributes

Question 11

Property Managers - Operational Focus

Answer 11

Operational management of
maintenance, tenant relations, security,
income administration and reporting.

Question 12

Lease Management decisions regard

Answer 12

Rents
Accounting Leasing
Refurbishment Licences
Reporting
Maintenance