USB244 Property and Asset Management
To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.
| Unit code: | USB244 |
|---|---|
| Prerequisite(s): | Completion of 96 credit points or more of study |
| Equivalent(s): | UDB344 |
| Assumed Knowledge: | USB248 or USB242 or USB144 are assumed knowledge. |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| CSP student contribution | $2,174 |
| Pre-2021 CSP student contribution | $1,703 The pre-2021 commonwealth supported place (CSP) contribution amount only applies to students enrolled in a course prior to 2021. To learn more, visit our Understanding your fees page. |
| Domestic tuition unit fee | $3,456 |
| International unit fee | $5,640 |
Unit Outline: Semester 2 2026, Gardens Point, Internal
| Unit code: | USB244 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | Completion of 96 credit points or more of study |
| Equivalent: | UDB344 |
| Assumed Knowledge: | USB248 or USB242 or USB144 are assumed knowledge. |
| Coordinator: | Connie Susilawati | c.susilawati@qut.edu.au |
Overview
Property and asset management applies to the diverse real estate property sectors and to demonstrate how property asset performance can be maximised, measured and benchmarked. Efficient asset management can result in significant cost benefits to both the owner and the occupier of the property. There has been a growing property industry awareness of the need to develop reliable, accurate and professional property management systems and analysis tools to ensure that property occupation costs are minimised, and space allocations are maximised in accordance with the short, medium and long term business goals of the organisation or company.
Engagement with industry and real world data sets provides opportunities to gain first hand experience in property and asset management.
Learning Outcomes
On successful completion of this unit you will be able to:
- Apply economic, managerial, legal, physical and technical aspects of property and asset management to measure, benchmark and maximise the performance of real property assets.
- Analyse the role of property managers in asset management, and evaluate their impact on the performance of real property assets in a diversified investment portfolio.
- Communicate professionally in written and oral forms to present solutions and interact with industry experts.
- Collaborate strategically in professional contexts to develop the strategic asset management (SAM) plan.
- Apply ethical judgement and principles of sustainability to inform decisions
Content
Learning outcomes will be achieved through coverage of the following topics:
- The role of the property manager and asset manager in maximising the investment performance of a property portfolio (including leases, outgoings and capital planning)
- Consumer and business ethics are incorporated throughout the program with relevant legislation and regulation in relation to office, retail and industrial property management
- Strategic management of real estate assets, from both an owned and leased perspective
- Current practice in respect to Corporate Real Estate and Asset Management (CREAM) with particular emphasis on methods, types and benchmarking
- Sustainability initiatives in the commercial building and property management sectors
- Integration of smart and property technology in property and asset management
- Building portfolio report to integrate individual property in portfolio strategic management plan
- Working in team on collecting primary and secondary data for individual and portfolio analysis
Learning Approaches
This unit engages you in your learning through a theory to practice approach via a weekly two (2) hour lecture and one (1) hour tutorial, with interactive activities. Lectures include opportunities to interact with industry experts as well as engage in active learning. Lectures are delivered as blended synchronous activities between online and in person attendance.
In addition, separate in person and online tutorials will be offered for students. In tutorials, you will participate in active and problem based learning activities which allow you to connect and collaborate with your peers. You will work with experts and peers to develop effective methods/approaches for communicating, retrieving, evaluating and presenting information. You will engage with the property professionals and industry property managers to have insights on the real-world learning experience and career development.
This unit includes site visits for the purposes of benchmarking and data collection for the report.
Feedback on Learning and Assessment
Feedback in this unit is provided in the following ways:
- Marking rubrics will be provided to show the expectations for each assessment item.
- Marking rubrics with comments will be returned to you via the online submission portal.
- Lecture / consultation sessions are available for group and individual feedback prior to the completion of assessments.
- Self and peer feedback on task allocation, quality and contribution.
- Online activities
- Generic comments will be provided via QUT Canvas and in class.
This unit will engage practising property managers to provide professional feedback throughout the whole unit.
Assessment
Overview
The assessment in this unit aims to support your achievement of the learning outcomes and has been designed to provide the opportunity for you to perform real world tasks and develop skills in working with professional teams. The assessment has been designed in order to allow you to:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment);
- demonstrate your learning in order to achieve a final grade (summative assessment).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Industry Engagement Participation
You will engage with a variety of industry experts during the unit. As you engage you will propose questions, reflect on the practical application of the theory and consider expectations for your future career in property. The participation will be assessed by your engagement with industry experts (e.g. posing questions in advance, interaction during presentations) and your reflection and application of that engagement.
Assessment: Critiques and Strategic Asset Management Plan
Part A: Property manager performance critique (past 3 years)
You are a property management consultant and you have been asked by an owner to review the performance of their property manager over the past three years. You have obtained an information memorandum for each property in their portfolio as at today. Your task is to identify the skills that were (or should have been) employed by the property manager in order to maximise the performance of these assets in light of the property market and economic conditions in recent years. You can use the insight that you learnt from the property manager at the site visit.
Part B: Strategic asset management (SAM) plan [Short, medium and long term view]
You are a property management consultant and you have been asked by an owner to review portfolio of asset has been reviewed in the first assignment. Having determined the existing property management issues for this portfolio, the owners have now asked to you submit a brief strategic asset management (SAM) plan for the portfolio that provides your interpretation of market forecasts, and what the owners need to consider to keep the buildings marketable. You are required to present your SAM plan to the owner.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Knowledge and Application Exam
Final written examination. The final exam will allow you to apply the knowledge and application of knowledge developed throughout the entire unit and communicate your answers in a concise written format. This examination will be undertaken during the centrally timetabled examination period.
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Risk Assessment Statement
There are no extraordinary risks associated with the classroom/lecture activities in this unit.
Prior to any off campus class activities that you may be required to undertake in this unit, a risk assessment will be prepared and informed on the unit Canvas site. You will receive a briefing regarding any specific hazard and risk related instructions from your field leader before commencing the activity.
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.UD05 Bachelor of Property Economics
- Identify theoretical and technical knowledge of economic, legal, social, cultural, global, physical, technological and sustainable contexts required to value, manage and develop property assets and investment portfolios
Relates to: ULO1, Industry Engagement Participation, Critiques and Strategic Asset Management Plan, Knowledge and Application Exam - Apply theoretical and technical knowledge and skills, methods, calculations, property technologies, and sustainability strategies to evaluate the feasibility of property development opportunities, to identify finance options for property investments, and to enhance the performance of assets or investment portfolios
Relates to: ULO1, ULO2, Industry Engagement Participation, Critiques and Strategic Asset Management Plan, Knowledge and Application Exam - Think critically and innovatively to solve authentic property problems.
Relates to: ULO2, Critiques and Strategic Asset Management Plan - Collect and analyse data using industry-standard proprietary software and strategies to evaluate financial and property market trends to inform current and future property decisions.
Relates to: ULO1, ULO2, Industry Engagement Participation, Critiques and Strategic Asset Management Plan, Knowledge and Application Exam - Communicate and negotiate with diverse, real-world audiences
Relates to: ULO3, Industry Engagement Participation, Critiques and Strategic Asset Management Plan, Knowledge and Application Exam - Collaborate strategically in professional contexts with teams and diverse stakeholders and manage stakeholders with consideration for different cultural perspectives and priorities.
Relates to: ULO4, Critiques and Strategic Asset Management Plan - Apply ethical judgement and principles of sustainabilty to make positive global, economic, societal and environmental contributions.
Relates to: ULO5, Critiques and Strategic Asset Management Plan, Knowledge and Application Exam
Unit Outline: Semester 2 2026, Online
| Unit code: | USB244 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | Completion of 96 credit points or more of study |
| Equivalent: | UDB344 |
| Assumed Knowledge: | USB248 or USB242 or USB144 are assumed knowledge. |
Overview
Property and asset management applies to the diverse real estate property sectors and to demonstrate how property asset performance can be maximised, measured and benchmarked. Efficient asset management can result in significant cost benefits to both the owner and the occupier of the property. There has been a growing property industry awareness of the need to develop reliable, accurate and professional property management systems and analysis tools to ensure that property occupation costs are minimised, and space allocations are maximised in accordance with the short, medium and long term business goals of the organisation or company.
Engagement with industry and real world data sets provides opportunities to gain first hand experience in property and asset management.
Learning Outcomes
On successful completion of this unit you will be able to:
- Apply economic, managerial, legal, physical and technical aspects of property and asset management to measure, benchmark and maximise the performance of real property assets.
- Analyse the role of property managers in asset management, and evaluate their impact on the performance of real property assets in a diversified investment portfolio.
- Communicate professionally in written and oral forms to present solutions and interact with industry experts.
- Collaborate strategically in professional contexts to develop the strategic asset management (SAM) plan.
- Apply ethical judgement and principles of sustainability to inform decisions
Content
Learning outcomes will be achieved through coverage of the following topics:
- The role of the property manager and asset manager in maximising the investment performance of a property portfolio (including leases, outgoings and capital planning)
- Consumer and business ethics are incorporated throughout the program with relevant legislation and regulation in relation to office, retail and industrial property management
- Strategic management of real estate assets, from both an owned and leased perspective
- Current practice in respect to Corporate Real Estate and Asset Management (CREAM) with particular emphasis on methods, types and benchmarking
- Sustainability initiatives in the commercial building and property management sectors
- Integration of smart and property technology in property and asset management
- Building portfolio report to integrate individual property in portfolio strategic management plan
- Working in team on collecting primary and secondary data for individual and portfolio analysis
Learning Approaches
This unit engages you in your learning through a theory to practice approach via a weekly two (2) hour lecture and one (1) hour tutorial, with interactive activities. Lectures include opportunities to interact with industry experts as well as engage in active learning. Lectures are delivered as blended synchronous activities between online and in person attendance.
In addition, separate in person and online tutorials will be offered for students. In tutorials, you will participate in active and problem based learning activities which allow you to connect and collaborate with your peers. You will work with experts and peers to develop effective methods/approaches for communicating, retrieving, evaluating and presenting information. You will engage with the property professionals and industry property managers to have insights on the real-world learning experience and career development.
This unit includes site visits for the purposes of benchmarking and data collection for the report.
Feedback on Learning and Assessment
Feedback in this unit is provided in the following ways:
- Marking rubrics will be provided to show the expectations for each assessment item.
- Marking rubrics with comments will be returned to you via the online submission portal.
- Lecture / consultation sessions are available for group and individual feedback prior to the completion of assessments.
- Self and peer feedback on task allocation, quality and contribution.
- Online activities
- Generic comments will be provided via QUT Canvas and in class.
This unit will engage practising property managers to provide professional feedback throughout the whole unit.
Assessment
Overview
The assessment in this unit aims to support your achievement of the learning outcomes and has been designed to provide the opportunity for you to perform real world tasks and develop skills in working with professional teams. The assessment has been designed in order to allow you to:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment);
- demonstrate your learning in order to achieve a final grade (summative assessment).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Industry Engagement Participation
You will engage with a variety of industry experts during the unit. As you engage you will propose questions, reflect on the practical application of the theory and consider expectations for your future career in property. The participation will be assessed by your engagement with industry experts (e.g. posing questions in advance, interaction during presentations) and your reflection and application of that engagement.
Assessment: Critiques and Strategic Asset Management Plan
Part A: Property manager performance critique (past 3 years)
You are a property management consultant and you have been asked by an owner to review the performance of their property manager over the past three years. You have obtained an information memorandum for each property in their portfolio as at today. Your task is to identify the skills that were (or should have been) employed by the property manager in order to maximise the performance of these assets in light of the property market and economic conditions in recent years. You can use the insight that you learnt from the property manager at the site visit.
Part B: Strategic asset management (SAM) plan [Short, medium and long term view]
You are a property management consultant and you have been asked by an owner to review portfolio of asset has been reviewed in the first assignment. Having determined the existing property management issues for this portfolio, the owners have now asked to you submit a brief strategic asset management (SAM) plan for the portfolio that provides your interpretation of market forecasts, and what the owners need to consider to keep the buildings marketable. You are required to present your SAM plan to the owner.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Knowledge and Application Exam
Final written examination. The final exam will allow you to apply the knowledge and application of knowledge developed throughout the entire unit and communicate your answers in a concise written format. This examination will be undertaken during the centrally timetabled examination period.
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Risk Assessment Statement
There are no extraordinary risks associated with the classroom/lecture activities in this unit.
Prior to any off campus class activities that you may be required to undertake in this unit, a risk assessment will be prepared and informed on the unit Canvas site. You will receive a briefing regarding any specific hazard and risk related instructions from your field leader before commencing the activity.
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.UD05 Bachelor of Property Economics
- Identify theoretical and technical knowledge of economic, legal, social, cultural, global, physical, technological and sustainable contexts required to value, manage and develop property assets and investment portfolios
Relates to: ULO1, Industry Engagement Participation, Critiques and Strategic Asset Management Plan, Knowledge and Application Exam - Apply theoretical and technical knowledge and skills, methods, calculations, property technologies, and sustainability strategies to evaluate the feasibility of property development opportunities, to identify finance options for property investments, and to enhance the performance of assets or investment portfolios
Relates to: ULO1, ULO2, Industry Engagement Participation, Critiques and Strategic Asset Management Plan, Knowledge and Application Exam - Think critically and innovatively to solve authentic property problems.
Relates to: ULO2, Critiques and Strategic Asset Management Plan - Collect and analyse data using industry-standard proprietary software and strategies to evaluate financial and property market trends to inform current and future property decisions.
Relates to: ULO1, ULO2, Industry Engagement Participation, Critiques and Strategic Asset Management Plan, Knowledge and Application Exam - Communicate and negotiate with diverse, real-world audiences
Relates to: ULO3, Industry Engagement Participation, Critiques and Strategic Asset Management Plan, Knowledge and Application Exam - Collaborate strategically in professional contexts with teams and diverse stakeholders and manage stakeholders with consideration for different cultural perspectives and priorities.
Relates to: ULO4, Critiques and Strategic Asset Management Plan - Apply ethical judgement and principles of sustainabilty to make positive global, economic, societal and environmental contributions.
Relates to: ULO5, Critiques and Strategic Asset Management Plan, Knowledge and Application Exam