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Property Condition Assessment Services

BBG executes thorough and cost-effective analyses of property conditions under strict guidelines and tight time constraints for all uses. Our multi-disciplinary team is highly experienced in all manner of property assessments, including structural investigations, system evaluations, sustainability, seismic risk assessments and structural rehabilitation. 

Property Condition Assessments (PCAs)

PCAs provide a baseline assessment of buildings and site improvements based on walk-through observations throughout the property and building; interviews with property ownership and property management, maintenance personnel and vendors; and a review of available construction documents, records of historical and pending repairs, and municipal files. A detailed PCA report is prepared describing building systems and components. Within the PCA report, BBG discusses areas of deferred maintenance and physical deficiencies. Cost budgets are provided to address identified areas of concern and capture anticipated on-going capital expenditures. BBG performs PCAs to the current ASTM E2018 Standard as well as specific scope requirements such as: Freddie Mac, Fannie Mae and Small Balance Loan scopes.. 

Equity Level Property Condition Assessments (EPCAs)

BBG offers equity-level PCAs, which are suitable for pre-acquisition due diligence and disposition of the asset. The scope of the PCA is enhanced to include a senior field assessor, generally an architect or engineer.  It involves a deeper look at the building systems and a higher level of on-site representative observations. The analysis and report are more detailed, and the approach is tailored to support our client’s due diligence needs. For older buildings and distressed assets, BBG’s field assessor teams up with system specialty consultants, which are highly trained in specific building systems. This team approach produces a further enrichment to the Equity scope reports to match the need for an increased level of due diligence.

Third-Party Desktop Reviews

Desktop Reviews are reviews of reports prepared by others for scope compliance, quality of reporting and presentation of findings, and for appropriate conclusions and recommendations. Desktop reviews are of PCAs, SRAs or other reports and are conducted to provide the client with confirmation that the scope of work has been performed, the report is complete, and the conclusions and recommendations are appropriate and in compliance with industry standards and client protocol. Third-party desktop reviews are typically presented in a brief summary letter format.

Other Building Services Capabilities include:

+ PCNAs 

+ Small Balance Loans

Joseph Bonifacio,
AIA, LEED AP

Senior Managing Director
Building Services

Joseph is currently a Senior Managing Director for BBG working out of the New York office. He oversees BBG’s Property Condition Assessment Group which provides inspection and assessment services for banks, agency lenders, investment banks, life companies, and property owners. Services include facilities planning, property condition assessments, budget reviews, specialty inspections, and peer reviews of exiting real estate service reports.

He has more than 26 years of professional practice as an Architect involved in all phases of design, construction, and building assessments. This includes facilities planning, building evaluations and inspections, cost estimating, and construction oversight and administration.

 He has over 12 years of experience dedicated to the real estate service industry performing in a variety of capacities, ranging from overseeing BBG’s PCA team, to managing individual client programs, to performing quality control reviews of reports, to serving as a technical resource. He has also self- performed hundreds of property condition assessments and building inspections. He currently manages and oversees BBG’s quality control review staff and the field assessment staff nationwide.

The properties he has evaluated have included multifamily, retail, office, warehouse, and self-storage, industrial, and hospitality facilities. He is experienced in assessing site improvements, building structures and envelopes, mechanical, electrical, and plumbing systems, and fire/life safety systems for evidence of deferred maintenance or problematic or deleterious materials.

He also is involved in developing and advancing the overall team and implementing strategic initiatives to further insure successful client outcomes.

Bundled Services

One-stop shop for valuation + assessment services.

Specialty Practices

Affordable Multifamily

Healthcare

Manufactured Housing Communities and RV Parks

Right of Way

Financial Reporting

Cannabis

Hospitality

Car Wash

Seniors Housing

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