Property Condition Assessment Reports (PCAs) provide a return on investment (ROI) that many equity investors might overlook. PCAs yield ROI in three ways: protect buyers from bad purchases; provide buyers with information for price negotiations with sellers; and find opportunities to improve building value post-purchase. As noted in the article; “Not all PCAs are the same. The property condition ... Read More »
Seismic Risk Assessments are an assessment that can be “forgotten” when the lender/buyer is not themselves in a seismic risk zone. Property that is in a high risk seismic zone should be evaluated for loss during “the big one.” Seismic Probable Maximum Loss Reports are engineering reports that evaluate the expected amount of loss that a building is expected to sustain during an earthquake event. Of... Read More »
Partner Engineering and Science, Inc. is pleased to launch our spring webinar series. This series offers new and updated webinars that discuss commercial real estate trends, standards updates and changes as they affect the commercial real estate industry. Registration for all webinars is at no cost to industry professionals. Webinar Topics Include: The Essentials of Seismic Risk Assessments Why sh... Read More »
The benefits of green building and energy efficiency are real and increasingly want to be realized by commercial real estate investors and tenants alike. Partner Engineering and Science, Inc.’s green retrofit of their new company headquarters in Los Angeles provided Partner with firsthand experience in realizing those benefits. By undertaking this project Partner is now able to provide invaluabl... Read More »
Engineering due diligence is an important part of the property transaction process. Like environmental due diligence, there are a variety of engineering due diligence products to assist in evaluating an asset. Engineering due diligence can provide a wealth of knowledge about the physical condition of a property. During a Property Condition Assessment, the building systems are evaluated for short a... Read More »
The Property Condition Report is a due diligence tool that helps buyers and lenders of real estate to understand the condition of the asset they are buying. The most important section of the Property Condition Report is the Immediate Repairs table and the Replacement Reserves Table, where we express to the report user the capital spending that needs to happen in the near term and long term respe... Read More »
We hope this video will help inform the commercial real estate industry about the purpose of a PCA, the PCA process, and the value of the Property Condition Report (PCR). Read More »
Property Condition Report What is included in a Property Condition Report (PCR)? The short answer is that the Property Condition Report evaluates all improvements. Most Property Condition Reports done for lenders are done within the scope and limitation of the ASTM Standard E2018. My firm, Partner Engineering and Science, typically defines the scope as follows: Conduct a thorough walk-thru ins... Read More »
