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PCR

Why PCAs are a Valuable Tool for Investors and Lenders

A Property Condition Assessment is used by lenders and investors to help determine the risk associated with an asset. Read More »

Going beyond ASTM – Property Condition Assessments

The satisfactory completion of real estate transactions relies on the satisfactory completion of due diligence. The broad definition of due diligence includes a number of non-physical issues, such as leases and contracts, property title issues, taxes and assessments, approvals and entitlements, historic and open space provisions and personal property. The physical issues related to a property are ... Read More »

CHECK UP – PCAs CAN PROTECT AGAINST DEAL-KILLERS

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 »

Essential of Seismic Risk Assessments Webinar

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 Pruden... Read More »

Partner Spring Webinars

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 »

Property Condition Assessments and Reports

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 »

Check out our Video on PCAs!

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 »

ALTA Survey, Phase I ESA and Property Condition Report all in One Call

Bundle or "one call" due diligence (ESA, PCR and ALTA) provides simplicity for commercial real estate buyers Read More »

Freddie Mac Environmental and Engineering Best Practices

On Monday, Freddie Mac released guidance on best practices for engineering and environmental reports.  The guidance notes common report issues, advises methods for selecting the best consultants and evaluating environmental and engineering consultant reports, and notes specific responsibilities. Common errors noted include failure to follow requirements of the Freddie Mac Multifamily Seller/Servic... Read More »

Property Condition Report, What is Included?

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 »

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