Note: This program is not being offered in the Summer 2017 semester.
Commercial real estate property management—an employment sector that is expected to grow 10 percent over the next decade—offers exciting entry-level and sustainable career opportunities for students with little to no business experience. As the person responsible for maximizing the value of an investment property on behalf of property ownership, the property manager’s role is multidisciplinary and wide-ranging, from financial planning, budgeting, and reporting to marketing, negotiating, leasing, and maintaining the real estate investment. The property management sector is an excellent place to start a real estate career. It offers many entry-level, salaried positions that have opportunities for growth. Available entry-level positions include assistant property manager, office administrator, and tenant service coordinator. Growth positions include property manager, asset manager, portfolio manager, project manager, and leasing and marketing specialist.
The Professional Diploma in Commercial Property Management introduces you to real estate from the operations perspective. You will learn how to manage a dynamic asset for which new challenges can arise daily; from tenant relations and client service to operations and employee management issues and needs. The final deliverable of the program is designed to showcase your newly learned skills at a future job interview. You also will gain a comprehensive understanding of the main roles and responsibilities of a property manager, including how best to position a property to maximize its investment return and profit, how to read and administer a lease, and how to maintain property-building systems and maximize their economic life.
As a student enrolled in the Professional Diploma in Commercial Property Management, you will be asked to develop and present a comprehensive property management report designed for landlords/owners that demonstrates your overall understanding of the operations side of the business. You will develop the final work product as you move through and complete the courses, with each course focusing on the concepts and specifics for one section of the report. The work product will be submitted and presented to industry professionals at the completion of the four courses for the final assessment.
- Owner, client, tenant, employee, and vendor relationship management
- Building systems, operations, and maintenance management
- Budgeting, accounting, variance, escalation calculations, and financial reporting
- Leasing best practices and contract negotiation
- Construction and capital project management
- Commercial Building Manager
- Commercial Property Manager
- Assistant Property Manager
- Tenant Service Coordinator
Tuition: $2,250 (one semester) or $2,850 (two semesters)
You'll Walk Away With
- Knowledge of the principles and practices of commercial property management
- The ability to develop a property management services strategy for a potential client/owner
- An understanding of budget and accounting for commercial properties
- An understanding of landlord/tenant rules and regulations
- The ability to evaluate and administer a commercial lease agreement
- The skills to create and present a detailed management report
- The ability to interpret and prepare an operating expense escalation and a real estate tax escalation schedule
- An understanding of operational best practices and preventative maintenance work