Property Condition Assessments

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Content for this online mini-course is U.S. focused and earns 4 CPD credits for BOMI International Graduates. The course takes approximately 4 hours to complete and can be done online at your convenience.

Investors rely on PCAs (Property Condition Assessments) to provide information and analysis of the physical condition of a property, and to minimize the risk associated with acquiring a property.

Topics include:

• The components of a PCA including; investigation, inspection, research, and analysis of the physical portions of the building and site
• Assessment of the building and site current conditions
• Scopes and typical non-scope parameters of a PCA

Learn:  

• Remaining useful life of a building
• Estimating costs for the repair and/or replacement of individual components and systems
• Understanding of how information gathered from a PCA can be used by property and facility managers once the property has been purchased

After completing this course, you will understand the role PCAs play in the due diligence process for acquisition and disposition, including:

• The Property Conditions Process and steps involved in executing assessment, in accordance with the new ASTM Standard: E2018-01
• The typical documentation and regulatory review that are critical to the PCA process
• How to interpret assessments of life expectancy, including “expected useful life” (EUL), “effective age” (EFF AGE), and “remaining useful life” (RUL)
• Elements of physical site assessment and property inspection, from physical grounds to building structure, envelope, all mechanical and electrical systems, and tenant spaces
• Sub-consultant reports and inspections that may be required for additional insight into the condition of the property as well as optional scope items that may be needed to satisfy additional investment requirements
• The components of the final PCA report, developed in compliance with ASTM Standard E2018-01
• How the PCA reports can lay the groundwork for setting an operational strategy for managing the building