PCAs With A Twist

By Aaron Kovan, LEED AP

PROPERTY CONDITION ASSESSMENTS (PCAS) ARE A TYPICAL PART OF MOST REAL ESTATE TRANSACTIONS.

While the scope for PCAs is generally quite standardized, certain instances warrant a more tailored approach. Aaron Kovan discusses two such PCAs “with a twist”. Most parties involved in a commercial real estate transaction will require a Property Condition Assessment (PCA) – which provides an assessment of the condition of an asset and immediate or long term improvements that may be necessary – at some point. Lenders require PCAs (also known across the industry as Property Condition Reports or PCRs) as part of their underwriting process, property buyers or developers use PCAs to understand and minimize risks in their investments, while property managers use PCA to budget ongoing maintenance costs for their capital planning.

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About the Authors

Aaron Kovan, LEED AP

Executive Director - Building Sciences

Executive Director of the Building Science Division, Aaron Kovan, LEED AP is responsible for the overall quality and consistency of Property Condition Reports which includes efforts in quality assurance, quality control, staff training, process and policy development and implementation, as well as managing client relationships. Mr. Kovan has more than 15 years of experience in the engineering, environmental, construction, and development fields. He has successfully managed projects of varying property types, including; institutional, retail, assisted living, and multifamily residential throughout the country. Mr. Kovan is trained as an Architect and has worked as a General Contractor, Developer, and Subcontractor. As Technical Director, he draws on this diverse knowledge base and experience in the residential, industrial, institutional, and commercial environments in order to be a major contribution to Partner Engineering and Science’s national team.

Get in Touch

Aaron Kovan, LEED AP
(952) 856-6055
[email protected]

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