Welcome to the Commercial Real Estate Expert Blog! A host of industry leading real estate professionals, lawyers, and consultants providing the latest in real estate relevant news and advice.
A Property Condition Assessment is used by lenders and investors to help determine the risk associated with an asset.
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…
Partner’s Technical Director – Structural Engineering, Joshua Marrow, PE and Principal, Jenny Redlin, REA presented an informative webinar today regarding the Essentials of Seismic Risk Assessments. This hour long presentation covered many important topics such as; Why do we perform Seismic Risk Assessments? Who are Seismic Risk Assessment Users? Why a Seismic Risk Assessment is…
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…
Commercial Real Estate Due Diligence Underwriters, analysts, and loan officers who want to deepen their knowledge of Commercial Real Estate Due Diligence are well served to learn a little about each type of third party report that is needed to underwrite a commercial real estate transaction. Five of the most commonly required commercial real estate…
Last week’s RealShare Apartments conference in Los Angeles was the place to be for multifamily investors, lenders and brokers. With almost 2,000 attendees, this was one of the best turnouts ever. Enthusiasm continues to be high for multifamily properties, despite signs of a returning single-family housing market. For example, while rent hikes could drive some…
Environmental and engineering due diligence in relation to real estate transactions often poses questions about how, when and why. As an industry leader in providing assessments, Partner had taken to task to also be industry leaders in educating the real estate industry on the When of ordering a report, the Whys, the Hows, and the…
The 2011 RealShare Apartments conference was a huge success with a noticeable increase in attendance and palpable optimism. The multifamily market is booming, and signs indicate it will continue to do well for the foreseeable future. Multifamily Success Factors Optimism for the multifamily market stems from some significant trends tied to the bad economy, including:…
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…
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).
