Altus Group’s Property Condition Assessment services have been relied upon by both private and public sector clients for over 50 years. Our reports are used for real estate acquisitions and dispositions, financing agreements, and capital planning/life cycle costing.
Through analysis of a building's condition that includes building conversion cost, retrofit cost, and deferred capital maintenance analysis, our physical due diligence review addresses the cost-to-value relationship to support property or portfolio purchasing decisions and assists in the preparation of long-term capital expenditure analyses.
Our team of experts includes structural, mechanical and electrical engineers, building science specialists, and cost consulting professionals with decades of experience. We have completed hundreds of assignments for all asset classes, including office, retail, industrial, and multi-residential, from single property assignments to large portfolios. We understand our clients’ needs for fast, accurate advice and insight on major deficiencies in building materials and systems that could significantly affect asset values.
Our condition assessment procedures and documentation are conducted in accordance with ASTM E2018-15 Standard Guide for Property Condition Assessments: Baseline Property Condition Assessment Process. We conduct interviews with property management, review available design drawings and documents, and physically observe all building systems and components to identify items requiring capital for repair/replacement due to life safety, code compliance, deferred maintenance, and life cycle.