Building/Property Condition Assessments

A Property Condition Assessment (PCA), also referred to as a Building Condition Assessment (BCA), is a whole-building review and report to support commercial real estate transactions, financing, and capital planning. Based on a non-destructive visual review, a PCA summarizes the major components, their present condition, and provides recommendations and opinions of cost for future repair and replacement. PCAs can be completed for any building type or size, including commercial office, multi-unit residential, industrial, institutional, educational, and more. PCAs are used to assist building owners and managers, investors, and stakeholders identify levels of risk in both the near and long term, to determine cash flow needs, and to prioritize capital repair and replacement projects.

PCAs are completed in general accordance with ASTM E2018-15: Standard Guide for Property Condition Assessments: Baseline Property Condition Assessments Process. The review includes all major building systems, including site features, structural framing, building envelope, plumbing systems, mechanical systems, electrical systems, vertical transportation, and fire and life safety systems.

Our experienced professionals have completed hundreds of PCAs, with property types ranging from single-family dwellings to multi-building, Class A commercial office plazas. Depending on conditions observed, we may recommend additional investigations be completed to better understand concealed conditions, complete more detailed investigations and testing, or carry out engineering analysis and design. PCAs are often completed in conjunction with a Phase I Environmental Site Assessment.