{"id":1812,"date":"2022-08-12T16:40:28","date_gmt":"2022-08-12T16:40:28","guid":{"rendered":"https:\/\/development-partneresi-clients.connect.media\/?post_type=services&p=1812"},"modified":"2024-07-16T12:50:32","modified_gmt":"2024-07-16T19:50:32","slug":"property-condition-assessments","status":"publish","type":"services","link":"https:\/\/www.partneresi.com\/services\/building-assessments-engineering\/property-condition-assessments\/","title":{"rendered":"Property Condition Assessment Reports"},"content":{"rendered":"<p>Partner performs Property Condition Assessments (PCA) and Property Condition Reports (PCR) for lenders and commercial real estate investors. During the Property Condition Assessment, Partner\u2019s architects, engineers, and commercial building inspectors assess the subject property in order to understand the condition of the building. A Property Condition Report is generated discussing each building system and its condition. The most important output of the Property Condition Assessment is the <a title=\"Definition of Immediate Repairs Table\" href=\"https:\/\/www.partneresi.com\/resources\/glossary\/immediate-repairs-table\">Immediate Repairs Table<\/a> and the <a title=\"Definition of Replacement Reserve\" href=\"https:\/\/www.partneresi.com\/resources\/glossary\/replacement-reserves-table\/\" target=\"_blank\" rel=\"noopener\">Replacement Reserve Table<\/a>. This table is provided in the PCR and helps the client understand how the condition of the building will impact the asset\u2019s financial performance.<\/p>\n<h4>Property Condition Assessment Reports<\/h4>\n<p>CMBS Lenders, insurance lenders, and some portfolio lenders routinely order <a href=\"https:\/\/www.partneresi.com\/resources\/glossary\/property-condition-assessment-property-condition-report\/\" target=\"_blank\" rel=\"noopener\">Property Condition Assessments (PCA)<\/a>, also known as Property Condition Reports (PCR) or Commercial Building Inspections. Partner prepares PCA Reports to meet the requirements of rating agencies such as Standard and Poor\u2019s, as well as to the scope of work defined by <a title=\"Definition of ASTM E2018 Standard Guide for Property Condition Assessments: Baseline Property Condition Assessment Process\" href=\"https:\/\/www.partneresi.com\/resources\/glossary\/astm-e2018-15-standard-property-condition-assessments\">ASTM E2018 Standard Guide for Property Condition Assessments: Baseline Property Condition Assessment Process. <\/a>Partner\u2019s PCA Reports discuss all major building systems and site improvements and include a Replacement Reserve Table and an Immediate Repairs Table. The Immediate Repairs Table identifies capital needs and prices all failing or damaged building systems and life safety issues.<\/p>\n<p>Standards for PCA assessments are published by the <a href=\"https:\/\/www.astm.org\/\" target=\"_blank\" rel=\"noopener\">ASTM<\/a>. Standards should be carefully reviewed to fully understand the work to be completed as well as the limitations of reports. In addition, the <a href=\"https:\/\/needda.net\/\" target=\"_blank\" rel=\"noopener\">National Engineering and Environmental Due Diligence Association (NEEDDA)<\/a> has published a white paper that can provide a useful starting point. The National Engineering and Environmental Due Diligence Association or \u201cNEEDDA\u201d is a 501(c)(6) non-profit organization formed to improve the practice of engineering and environmental due diligence for all stakeholders, members, clients, vendors, and non-member firms. Read the full <a href=\"https:\/\/www.partneresi.com\/wp-content\/uploads\/2022\/08\/needda_property_condition_assessment_user_guide_Partner.pdf\" target=\"_blank\" rel=\"noopener\">White Paper here.<\/a><\/p>\n","protected":false},"featured_media":11072,"parent":1803,"menu_order":2,"template":"","tags":[1248,1243,1244,1247,1245,1241,1242,1246],"department":[665],"conditions":[],"services-tag":[105],"class_list":["post-1812","services","type-services","status-publish","has-post-thumbnail","hentry","department-building-assessments-engineering","tags-capital-expense-table","tags-commercial-building-inspection","tags-due-diligence","tags-immediate-repair-table","tags-physical-due-diligence","tags-property-condition-assessment","tags-property-condition-report","tags-technical-due-diligence","services-tag-property-condition-assessments"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.5 (Yoast SEO v23.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Property Condition Assessment Services | Partner ESI<\/title>\n<meta name=\"description\" content=\"Learn about Partner Engineering and Science's Property Condition Assessments and Property Condition Report services for commercial real estate properties information and related resources. A PCA Report or Property Condition Report, is also known as a Property Inspection Report.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.partneresi.com\/services\/building-assessments-engineering\/property-condition-assessments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property Condition Assessment Reports\" \/>\n<meta property=\"og:description\" content=\"Learn about Partner Engineering and Science's Property Condition Assessments and Property Condition Report services for commercial real estate properties information and related resources. 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