Property Condition Assessments

Property Condition Assessments and Building Evaluations

Partner performs Property Condition and Building Assessments for lenders and real estate investors. Partner also performs Energy Audits in conjunction with Property Condition Assessments in order to identify how energy efficient a building is, and how to increase its efficiency and reduce consumption costs.

Lenders

CMBS Lenders, insurance lenders, and some portfolio lenders routinely order Property Condition Assessments (PCA), also known as Property Condition Reports (PCR) or Commercial Building Inspections. Partner prepares PCAs to meet the requirements of rating agencies such as Standard and Poor’s, as well as to the scope of work defined by ASTM E2018.

Partner’s PCA reports discuss all major building systems and site improvements and includes a Replacement Reserve Table and an Immediate Repairs Table. The Immediate Repairs Table indentifies Capital Needs and prices all failing or damaged building systems and life safety issues.

Real Estate Investors

Real Estate Investors are interested in insuring that their investment is a solid one, with no surprises. Partner tailors our investigations to the asset and the investor’s concerns. Partner can perform extremely thorough building evaluations where all major systems are tested and evaluated.

While more thorough evaluations are generally more expensive, Partner often saves our clients money well in excess of our fee by identifying major building deficiencies prior to our client taking ownership.

While our assessors are very knowledgeable, our assessments can be enhanced by our network of specialists. Partner maintains relationships with expert specialists in every building system. The specialist reports can then be folded into our Property Condition Assessment Report.

Property Condition Assessment:

Scope

Building Systems Evaluated

Building Evaluation

Site Improvements Evaluated