An Equity Property Condition Report (PCR) is a tool to understand the physical condition of an asset. Partner Engineering and Science, Inc. will inspect the building, its systems, and associated site improvements to evaluate their condition and adequacy. Partner will dispatch an engineer, architect, or commercial building inspector along with requested subspecialists such as a structural engineer, an MEP engineer, an ADA specialist, a roof inspector, and/or an elevator specialist. Our inspector, or team of inspectors, will develop an understanding of the building's condition that is required for our clients to make an informed decision.
At Partner, we understand that stakeholders in an equity position demand more from their due diligence consultants-end acquisitions require robust inspections and rich reports. Our equity specialists include registered engineers and registered architects who can deliver the detail and perspective required by equity investors. For clients who require this level of service, we can develop a custom inspection proposal for each asset being acquired.
A Property Condition Report is a great tool to negotiate the purchase price. Often commercial real estate assets are trading with significant deferred maintenance and/or the asset will require significant systems replacement in the near future. These reports are very detailed and address building systems, including the building site, building envelope, structural elements, interior elements, roofing systems, mechanical systems, plumbing, electrical, and elevators/escalators.
A seismic evaluation, or a Seismic Probable Maximum Loss Assessment, is often included with our Property Condition Report in Seismic Zones 3 and 4.
Clients are increasingly requesting Energy Audits in conjunction with their Property Condition Reports. The Energy Audit will often identify opportunities to run the building more efficiently and increase net operating income.
