Asset Management

Intended Use: To monitor condition of real estate assets and develop maintenance programs to minimize property deterioration

Site Visit Conducted at scheduled intervals to track correction of deficiencies and general maintenance

• Walk-through survey including visual observation of readily accessible areas and easily visible components and systems of the property

• Does not include removal of any components, testing of equipment or systems, detailed quantities or measurements

• Varies based on client requirements with ranges from representative sampling similar to loan origination style to 100% walk through

Report Provides brief, general descriptions of material building components and systems based on visual observation

• If 100% walk through is requested, the report can include unit checklists describing specific conditions at each unit and all common areas

Physical Deficiencies Level of detail of estimated costs will vary depending on type of site visit conducted (order of magnitude to detailed estimates based on actual quantities)

• Can include detailed location and description of each instance of physical deficiency with anticipated costs to remedy

• Consultant will recommend additional investigations if items of concern are noted that require detailed analysis (structural, roof, mold, plumbing, electrical, HVAC, elevator, etc.)

  • If approved, consultant will direct each discipline and will include all results in a comprehensive report

Reserve Analysis Estimated costs for typically anticipated replacement of major items during an evaluation period specified by the client

• Expressed in $/unit/year or $/SF/year

Code Issues: If requested, review of readily accessible documents and files or inquiry with agency personnel to assess the existence of material code violations on record

Mold: If mold is observed will recommend and manage a certified mold consultant to perform testing and intrusive observations to determine extent and likely cause(s) of suspected mold with remediation plan and anticipated costs

Typical Timing: 2 to 3 weeks