Real Estate Management

Course Leader: Dr Vsevolod Nikolaiev, Dr Vasyl Kuybida, Dr Tetiana Nikolaieva

Home Institution: National Academy for Public Administration, Kiev, Ukraine

Course pre-requisite: The group of city mayors, civil servants, postgraduate students from Ukraine.

Course Overview
Real estate management is a new field of knowledge and an emerging profession in Eastern Europe. Therefore, we estimate that the course “Real Estate Management” would be totally new and necessaire for Ukrainian students and specialists who are going to be professionals in Facility management, Building management, Assets management, Property management.  This course will be also interesting for other post-socialist and post-Soviet countries students because of its complex content which covers management of all types of facilities during the whole life cycle period, especially concerning public real estate.

The course is based on original lecturer’s scientific publications and practical experience.

The course consists of four parts, 14 lessons, 6 seminars and exam (Table):

Structure of the course


Days/ hrs

Lessons/ hrs


Exam, hrs

1. Real property  





2. Basics of developed real estate life cycle management





3. Methods of effective construction, maintenance and operation of real estate  





4. Management of several types of public facilities  











14/ 42





Learning Outcomes
By the end of this course students should be able:

- to systematize new knowledge in the complex field of real property and real estate management (including such disciplines as fixed assets, construction, maintenance and operation management)

- to apply their theoretical knowledge to manage private and public real estate objects during their life cycle using the principles of project management and LCC

- to apply different methods, tools, technologies and instruments to manage real estate objects on different life cycle stages (planning, design, construction, maintenance, operation), depending on the type and branch of facilities (industrial and civil objects; residential houses, municipal infrastructure, enterprises and public institutions)

- to communicate, to discuss, to find decisions, to solve problems in the field of real estate.

Course Content

Part 1. Real property 

Day 1

Lesson 1. Basics of real property management. Organization of real property management – 4 hrs

1.1. The property, real property and real estate legal definitions

1.2. Natural and man-made real property

1.3.  Public and municipal real property management

1.4.  Private real property management

Day 2

Lesson 2. Urban planning, development and construction  – 3 hrs

2.1. Land policy and planning

2.2. Urban planning

2.3. Development and construction

Seminar 1. Recent changes in urban planning and construction regulations - 1 hrs

Part 2. Basics of developed real estate life cycle management

Day 3

Lesson 3. Features of developed real estate management – 4 hrs

3.1. The concept of developed real estate, classification of real estate objects

3.2. Complex content of real estate management

3.3. Subject domains of real estate management

3.4. International standards of fixed assets management  

Day 4

Lesson 4. The concept of real estate life-cycle management - 4 hrs

4.1. Genesis of Life Cycle Costing (LCC) conception

4.2. Information and methodical support of real estate life cycle management

4.3. Processes within a real estate life cycle

4.4. Analysis and control of the real estate life cycle cost    

Day 5

Lesson 5. Digital modelling of real estate life cycle – 2 hrs

5.1. Concept and essence of Building Information Modeling (ВІМ)

5.2. Basic ВІМ advantages for real estate management

 Seminar 2. BIM examples. BIM best practice – 2 hrs

Part 3. Methods of effective construction, maintenance and operation of real estate

Day 6

Lesson 6. Real estate maintenance management - 4 hrs

6.1. Estimation and construction cost     

6.2. Maintenance cost

6.3. Effective Building Maintenance Management (BMM)

6.4. Technical and economic evaluation of facilities condition

Day 7

Lesson 7. Real estate operation management (Facilities Management) – 3 hrs

7.1. Real estate operation (Facility Management) tasks

7.2. COBie forms

7.3. Real estate operation on the COBie and ВІМ basis

Seminar 3. Information sources of facilities management – 1 hrs

Part 4. Management of several types of public facilities

Day 8

Lesson 8. Housing stock management – 3 hrs

8.1.  State of the housing stock and renovation requirements

8.2. Cost of effective homeownership. Social housing sector development

8.3. Management of life cycle cost of residential housing

Seminar 4. Long term maintenance and renovation of housing stock – 1 hrs

Day 9

Lesson 9. Enterprises fixed assets management – 3 hrs

9.1. Management of enterprises real estate (Assets Management)

9.2. Quality level of products and services

9.3. Management of critical assets

Seminar 4. Applied features of assets life cycle management – 1 hrs

Day 10

Lesson 10. Civil facilities management - 3 hrs

10.1. Management and financing problems of public civil facilities 

10.2. The best foreign practice of universities property management  

10.3. Towards effective civil facility management

Seminar 5. (University case study) – 1 hrs

Final assessment – 2 hrs 

Instructional Method

The course consists of 14 lectures and 5 seminars (practical sessions).

The lectures will be taught using PowerPoint presentations.

The seminars assume reading of electronic texts then discussion, calculations and decision making.

Required Course Materials

Presentation and projection means.

The teachers and students will be asked to use their own computers. 

Autor’s basic textbooks

  1. Куйбіда В.С., Ніколаєв В.П., Ніколаєва Т.В. Менеджмент об’єктів нерухомості публічної власності: Навчальний посібник / В.С. Куйбіда, В.П. Ніколаєв, Т.В. Ніколаєва. – К.: НАДУ, 2017. - 312 с. (Public Real Estate Management)
  2. Ніколаєва Т. В. Вартісно-орієнтоване управління нерухомим майном державної власності [монографія] / Тетяна Володимирівна Ніколаєва; Університет державної фіскальної служби України. – Ірпінь, 2018. – 354 с. (Value-orientated management of public real property)
  3. Менеджмент объектов недвижимости: бизнес-процессы и методы / И.В. Войтов [и др.] / под ред. д.т.н. И.В. Войтова – Минск: БГТУ, 2018. – 411 с. (Real estate management: business processes and methods)
  4. Будівельне інформаційне моделювання в управлінні вартістю життєвого циклу об’єктів: монографія / [В.С. Куйбіда, В.П. Ніколаєв, Т.В. Ніколаєва, С.Б. Січний та ін.]; за ред. д.е.н. В.П. Ніколаєва. – Івано-Франківськ: вид-во «Ярина», 2018. – 128 с. (Building information modeling in management of life cycle cost of facilities)


The current control will be carried out during lectures and seminars It will estimate: the attending lectures (L), the activity of the student's work in practical classes, seminars (S), the quality of student’s thematic reports.  

The final control will be the sum of points accumulated by the student based on the results of four parts studying.  Final control will provide an examination, after which the student will get a final score for the discipline composed of the sum of the results of the current control and final examination (Table).

  Final control

Current control



Part 1

Part 2

Part 3

Part 4



L – 12, S - 8

L – 12, S - 8

L – 9, S - 6

L – 6, S - 4



Total - 20

Total - 20






Assessment of students' knowledge is carried out on a 100-point scale and is: for current progress - 60 points, for the final examination - 35 points.  Next table is used to match the assessment of students' knowledge.