CourseOutline:

AssetManagement&StrategicPlanning

Theanticipatedscheduleforcoveringthecoursematerialisasfollows:

Week1AssetManagement&StrategicPlanningOverview

Anoverviewofthecoursetopicswillbehighlighted.

Week2TheAssetManagersRole

Thedistinctionbetweenservinginastrategiccapacityvs.anoperationalroleisdelineated.An
overviewofthedifferentroles&responsibilitiesofvariousprofessionalsassociatedwith
managingrealestateassetsishighlighted.Anorganizationalframeworkispresentedforboth
managinganindividualassetaswellasaportfolio.TheuseofanOwnersRepresentative&
whatthatmeansinateamdynamic.

Week3 ADayintheLifeofanInvestment

Thefullcontinuumofanassetslifecycleasaninvestmentisexamined.Atemplateofallthe
activities&opportunitiesforinvestmentalongthewayisoutlinedbeginningwithacquisition&
endingwithdisposition.Theconceptoffinanciallyevaluatingdecisionsateachjuncturetogain
insightatthatmomentasnapshotisintroduced.

Week4OwnershipStructures&IdentifyingInvestmentPartners

TerminologywillbeemphasizedwithdescriptionsprovidedforSoleProprietorships,Joint
Ventures,GeneralPartners,LimitedPartners,ManagingPartners,EquityPartners,Limited
LiabilityCompanies&PublicPartnerships.Howownerinterestsarecalculated&trackedover
timeisdiscussed.

Week5TheDecisiontoAcquireAssets

Theevaluationofcommercialinvestmentopportunitiesishighlighted.Theprocessforidentifying
&qualifyingassetsisdescribed,alongwithidentifyingcapitalrequirements&securingfinancing.

Week6RetainingPropertyManagement&LeasingServices

Theprocessforidentifying&engagingsuitableprofessionalservicescontractorsishighlighted.
Definingthescopeofservices&anoverviewoftheRFQ&RFPselectionprocesswillbe
described.

Week7ProformaPreparation,MonitoringPerformance&Reporting

Thegroupwillreviewtheprocessofpreparingaproformaforaninvestmentaswellasfinancial
statementsrelatedtoanasset.Thereportingchain&howanAssetManagercomplieswith
lenderrequirementsisdetailed.Themethodsformonitoringassetperformancearedescribed.




 Week8StrategicPlanning&theDecisiontoInvestinCapitalImprovements

Thepurposeofstrategicplanning&itsuseinanalyzinginvestmentdecisionsishighlighted.Both
shortterm&longtermstrategicplansareexplored.Specificallyfocusedtypesofstrategicplans
arealsodescribedsuchasMarketingPlans.Hold/Sellanalysisisreviewed,alongwithother
evaluationtechniques.


Week9OnCampusTourofCapitalInvestmentProjects

ThegroupwillaccompanytheheadofFacilitiesforNorthwesternUniversityonatour
ofcurrentoncampusprojectswithinNUsinvestmentportfolio.

Week10TheDecisiontoDisposeofanAsset

Preparinganinvestmentforsaleisamultifacetedprocess.Howanownerbringsaninvestment
gradeassettomarketisdescribedindetail.Thestepsfordisposingofassetsisdelineated,along
withthevarioustechniquesusedfordifferentassettypes.Bulksales,offeringmemorandums,
auctionsandlistingsareexamined.Theuseofthirdpartybrokers&theirroleisdescribed.

FinalExam:StudentsSubmittheirStrategicPlanforanAsset