Master of Science in Property Management

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Curriculum

The program consists of 45 post-baccalaureate credits with 30 credits in Core Foundation Courses. The Core Foundation Courses include essential subject areas for all successful property managers: environment, facilities management, property law, financial analysis, risk management, development, and technology. The three premier types of property are featured: residential, commercial, and retail. Beyond the core foundation courses, students can select from a list of elective courses. All students participate in a capstone project which is the culminating experience of the degree program. Students discuss current issues facing the profession, work together on a team project to complete an analysis project and have the opportunity to interact with internationally known property management leaders.
 
Total 45 Credits

Core Courses—30 credits
CMGT 535Community Impact Analysis3.00 credits
PRMT 602Residential Property Marketing3.00 credits
PRMT 603Property Asset Management3.00 credits
PRMT 610Facilities Management3.00 credits
PRMT 625Prop Financial Analysis & Strat3.00 credits
PRMT 630Rental Property Law3.00 credits
PRMT 640Prop Security Emerg & Risk Mgt3.00 credits
PRMT 645Prop Mgt Technology Strategies3.00 credits
REAL 568Real Estate Development3.00 credits
REAL 572Adv Mkt Research & Anal3.00 credits

Select three courses from the following: 9 credits
PRMT 650Retail Property Mkt & Mgt3.00 credits
PRMT 655Affordable Housing Management3.00 credits
PRMT 660Student Housing Mkt & Mgt3.00 credits
PRMT 665Military Housing Mkt & Mgt3.00 credits
PRMT 670Housing for Later Life3.00 credits
PRMT 675Commerical Property Management3.00 credits
REAL 574Real Estate Econ in Urban Mkts3.00 credits

Culminating Experience - 6 credits
PRMT 695Capstone in Property Mgmt I3.00 credits
PRMT 696Capstone in Property Mgmt II3.00 credits

Course Descriptions

CMGT 535 Community Impact Analysis - 3.00 credits

This course provides an overview of commumity impact assessment, including the benefits of conducting such an assessment. It also provides general guidelines for conducting a community impact assessment, including types of impacts that should be addressed during the process and related issues.

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PRMT 602 Residential Property Marketing - 3.00 credits

This course covers strategies to successfully market residential properties. Discussions include acquiring and retaining tenants, motivating renters, packaging amenities, selling techniques, advertising media, and online marketing. Students will review best practices advertising campaigns and analyze marketing plans from regional residential housing developments.

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PRMT 603 Property Asset Management - 3.00 credits

This course focuses on increasing property values by creating strategies to maximize return by providing excellent customer service, designing systems to provide utilities in an effective manner, creating value-added services to enhance the tenants¿ experiences, and managing the day-to-day operations of properties effectively.

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PRMT 610 Facilities Management - 3.00 credits

This course focuses on the strategic role property managers play in facilities management. Property managers must be aware of all operational issues and are active participants in making strategic facilities decisions including in-house or outsourcing services, service specifications, managing service providers, and creative method of addressing sustainable development issues.

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PRMT 625 Prop Financial Analysis & Strat - 3.00 credits

This course focuses on the importance of financial analysis to the strategic decision-making process employed by property managers including cash flow, tax implications, and risks of various projects. Decision-making models, lease valuation, and sensitivity analysis are employed in real situation. Current marketing conditions are discussed including alternative financing choices, cost of funds, tax incentive development options, and capitalization rates.

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PRMT 630 Rental Property Law - 3.00 credits

The focus of this course is the legal framework within which a property manager makes strategic decisions. Lease provisions for a variety of property types are analyzed and a significant portion of the course deals with Fair Housing Law, the Americans with Disabilities Act, HUD regulations, and state housing statutes. Strategies to reduce legal exposure are discussed. The course features major cases.

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PRMT 640 Prop Security Emerg & Risk Mgt - 3.00 credits

This course focuses on risk aversion strategies employed by property managers to protect tenants, employees, community members, and owners. The course includes analysis of best practice strategies featuring property developments with superior emergency planning systems, security systems, communication strategies, and environmental response plans. Students review the insurance strategy for a major property development and discuss state and federal laws.

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PRMT 645 Prop Mgt Technology Strategies - 3.00 credits

This course focuses on the use of technology to effectively manage and market property. Successful strategies employing technology to gain operating efficiencies, increase employee and tenant communications, optimize rent management, increase tenant retention, and maximize security systems are featured. Best practice examples of integrated technology stems are reviewed and students perform a technology audit.

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REAL 568 Real Estate Development - 3.00 credits

This course will provide a comprehensive exploration of the development process for real estate development projects. Residential, multi-family, single family, apartments, office buildings, retail projects, industrial developments and the development process for each market segment.

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REAL 572 Adv Mkt Research & Anal - 3.00 credits

This course will explore the market research methods used to understand and dissect geographical and demographical real estate markets. Detailed market research strategies will be employed and case studies will be analyzed to deepen the student's knowledge of market research techniques and resources.

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PRMT 650 Retail Property Mkt & Mgt - 3.00 credits

This course explores successful strategies to market and manage retail properties. A variety of retail properties are discussed including shopping centers, mixed-use properties, and retail entertainment destinations. Topics covered include tenant mix, advertising, leases, technology integration, promotions, and retail as an amenity for residential tenants. Retail development in Atlantic City, Disney World, and Universal City Walk are analyzed.

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PRMT 655 Affordable Housing Management - 3.00 credits

This course focuses on successful strategies to manage affordable housing. The major issues impacting development are discussed including HUD regulations, rental property law, development financing, green development concerns, and specialized amenities including childcare, assisted living facilities, and pharmacies.

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PRMT 660 Student Housing Mkt & Mgt - 3.00 credits

This course focuses on successful strategies for marketing and managing student housing. The main variables influencing decisions are explored including federal and state laws, town-gown relations, emergency management, security and communications planning, advertising design and placement, rent management opportunities, and constraints, and awareness of student issues and current cases.

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PRMT 665 Military Housing Mkt & Mgt - 3.00 credits

Strategies to successfully market and manage military housing are the central focus of this course. Military housing requires specialized study in a variety of areas including federal laws, emergency management, security and communications, military regulations, Department of Defense initiatives and regulations, and specialized amenities especially childcare, family entertainment, and healthcare.

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PRMT 670 Housing for Later Life - 3.00 credits

This course features strategies to successfully manage and market housing for later life. A range of housing choices is explored and emphasis is placed on specialized lifestyle activities, unique amenity wants and related health service needs of the tenants. Emphasis is placed on legal, operational, marketing, and financial issues. Private equity investment into nursing homes is discussed.

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PRMT 675 Commerical Property Management - 3.00 credits

This course focuses on the strategic management of commercial property. A variety of commercial properties are featured including warehouses, office buildings, medical office buildings, industrial properties, and mixed-use corporate campuses. Operational issues are discussed and commercial property is analyzed as an investment using medical office buildings for discussion. The Philadelphia Navy Yard development is featured.

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REAL 574 Real Estate Econ in Urban Mkts - 3.00 credits

This course will offer a unique and detailed perspective on urban real estate development and the special sub-markets in which they exist. Attention will be given to the characteristics of the particular economic factors relevant in urban real estate markets.

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PRMT 695 Capstone in Property Mgmt I - 3.00 credits

This culminating course provides an overview of major issues facing property managers today and requires the completion of a comprehensive community analysis of property development. The research protocol and methods to be used in PMGT 696 are presented and students submit a research topic for approval.

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PRMT 696 Capstone in Property Mgmt II - 3.00 credits

This culminating experience requires the completion of a research project focusing on a topic relevant to today¿s property managers. The project will be completed in a systematic manner using research and management tools. Students demonstrate their abilities to conduct thorough research, analyze and interpret data, evaluate results, and make conclusions.

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