Building Assessments

Expert consulting Services

Our expert consulting services deliver comprehensive commercial building condition assessments to evaluate the physical state of properties, empowering owners, buyers, and managers with informed decision-making. Through detailed on-site inspections, our knowledgeable consultants provide actionable insights into structural integrity, systems performance, and potential liabilities. We assess critical building components, including HVAC, electrical, plumbing, roofing, site and facades, delivering clear, concise reports with strategic recommendations to address deficiencies, ensure compliance, and protect your investment. We provide high quality consulting services for investors, lenders, and facility managers throughout the nation, across all asset types, and throughout the lifecycle of an investment.

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Our Approach

PR&A’s approach to each assessment is an engineering and architectural process that has been crafted through over 25 years of practice across thousands of properties. Our assessments are not a commodity, but an actionable tool for Owners and Operators.

Property Condition Assessment (PCA) Overview

Real estate transactions require a detailed physical assessment of the facility so that the buyer, seller, or lender can accurately determine the financial implications of deferred maintenance items, recommended upgrades, or unrepaired deficiencies. We provide high quality Property & Facility Condition Assessments conducted by experienced professionals with a broad knowledge of all building systems. Our Facility Condition Assessments help facility managers and owners make informed decisions about maintenance, repairs, and capital improvements.

What We Provide

Comprehensive Evaluation: Our PCA/FCA report is based on thorough site observations, analysis of supplied documents, and consultations with relevant property staff and building officials.
Detailed Reporting: We summarize our findings in a capital expenditure cost table and a written narrative report. This includes observations, conclusions, recommendations, and extensive photographs highlighting both typical and problematic conditions.

Industry Leadership

Standard Development: We contributed to shaping industry standards through our involvement in developing the E2018 – Standard Guide for Property Condition Assessments.

Our dedication to providing reliable opinions and our commitment to competent consultation are founded on our beliefs that we have been selected based on trust.

Our Process

We believe our process is unique and demonstrates that our firm and our commitment to client satisfaction are unequaled in our industry.

Comprehensive Site Visits

Our site visits range from 2-4 days in order to thoroughly assess the property, interview key personnel, and identify issues, ensuring comprehensive assessments.

Expert Staff

Our team, with a technical staff average tenure of 20+ years’ experience, includes licensed architects and engineers, ensuring detailed, reliable property condition evaluations.

Reserve Analysis Cost Tables

Detailed cost tables provide opinions of cost for upgrades, immediate repairs, and capital expenditures, helping investors, owners, and lenders understand financial implications throughout the term of the evaluation period.

In-Depth Narrative Reporting

Our narrative reporting exceeds ASTM E2018 standards, offering comprehensive findings and recommendations for effective asset management and decision-making.

Report Peer Review & Update

Our expert staff is available for peer review and update of borrower or seller provided reports. This allows our clients to efficiently understand the current condition of the property, identify missing capital reserve items, and update the amounts and timeline of previously noted items.

Typical Property Condition Assessment Scope

Regulatory and Zoning
Replacement Cost Calculation
Site Improvements and Civil Infrastructure
Building Structure
Roof System
Building Exterior Walls and Facade
Interior Improvements
Mechanical Systems
Plumbing Systems
Electrical Systems
Vertical Transportation
Fire Protection and Life Safety
Specialties
Accessible Facilities
Provided Documents

Our assessments are not a commodity, but an actionable tool for Owners and Operators.

Experience across all Assets Types

Our experience extends to all asset types; this allows us to provide consistent and competent services for diversified portfolios.

Multifamily

has assessed thousands of multifamily properties including single family rental, student housing, senior living assets. This includes garden style, mixed use, and mid- and high-rise multifamily buildings.

Industrial

Our experience spans over 50 million SF of industrial and warehouse space including mega distribution facilities, data centers, cold storage facilities, multi-story warehouses, shallow bay buildings, outdoor storage, trailer parking facilities, and master planned developments.

Office and Health Care

We have assessed and provided construction oversight for many of the office buildings that shape our nation’s skylines including high-rise towers, corporate campuses, life science and biomanufacturing facilities, medical office buildings, and hospitals.

Retail and Mixed Use

Our team has significant experience with mixed use and retail properties across the country including regional mall portfolios, anchored retail centers, mixed-use developments, and adaptive reuse projects.

Hotel

PR&A has assessed over 10,000 rooms across our hotel & hospitality portfolio. This includes coastal resorts, golf courses, business lodging, luxury towers, adaptive reuse projects, and historic buildings.

Historical Properties and Adaptive Reuse

We apply the appropriate disciplines necessary to bring buildings and systems back to optimum conditions. This applies to industrial facilities, office buildings, hospitals, college and university buildings, parking facilities, and a broad range of other facilities.

Community Centers, Schools, Museums, and Cultural Facilities

Facility or property condition assessments (PCAs) provide organizations with valuable insights into the state of their facilities and guide long-term capital planning. These assessments are particularly important when it comes to grant applications and capital planning initiatives.

You can rely on PR&A to execute at a high level for every transaction or development.

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