Investment Advisory
The BBG Investment Advisory team prepares an Equity Property Condition Assessment to provide potential investors a more complete understanding of the building’s condition prior to purchase.
An purpose of the Equity PCA is to identify high-cost, immediate-replacement items and deferred maintenance. This information is most often critical for final negotiation of the purchase price.
What do Equity-level Property Condition Assessments Include?
Whether leasing, purchasing, improving, or financing, an Equity PCA provides more detailed insight than a standard property condition assessment including:
- MEP Assessment (mechanical, electrical, plumbing)
- Electrical System Assessment
- Fire and Life Safety Assessment
- ADA / FHA Accessibility Compliance
- Roofing Assessment
- Vertical Transportation Assessment (including elevators and/or escalators)
- Façade/Curtainwall Assessment (ground level, lift or swing stage)
- Structural Engineering Assessment
- Parking Garage Assessment
The process often requires a segregated cost approach to all issues identified in the report. We work with our clients to help define the segregated accounting buckets, so the financial output meets the expectations of each stakeholder.
Doug Olson, PE
Senior Managing Director
Business Development
Doug has over 25 years of experience in the environmental and property condition due diligence industry. He has conducted Environmental Site Assessments (ESAs) and Property Condition Assessments (PCAs) for a wide range of local and national clients, including banks, agency lenders, FHA/HUD Lenders, investment banks, life companies, law firms, property owners, wireless telecom providers, municipalities and public housing authorities. The properties he has evaluated included multifamily residential, retail, office, industrial and hospitality facilities. Mr. Olson has conducted hundreds of PCAs and ESAs in accordance with ASTM Standards, the USEPA All Appropriate Inquiry rules, Fannie Mae Delegated Underwriting Standards, Freddie Mac guidelines, HUD MAP/LEAN guidelines, LIHTC guidelines and State Housing Finance Authority (SHFA) guidelines. Based on his experience and education, he meets the definition of an Environmental Professional as defined in §312.10 of 40 CFR 312. His environmental background includes a detailed understanding of the risks associated with hazardous and regulated materials storage, use generation and disposal, above ground and underground storage tanks and polychlorinated biphenyls (PCBs), as well as the ASTM non-scope considerations of asbestos, lead-based paint, radon and microbial growth.
