Property Condition Assessments -- ASTM Committee Week Class
Early Bird Discount
ASTM automatically applies a discount of 10% when participants register 60 days prior to the start of the class.
*After the early bird period expires, registrations are subject to standard pricing.
Learning Outcomes
By the end of this course you will be able to:
- Describe procedures for conducting a walk-through survey
- List the key areas that should be included in a PCR
- Establish reasonable expectations for PCRs
- Identify the property's physical deficiencies
- Interpret a PCR.
Who Should Attend
Anyone who uses a Property Condition Report, including:
- Purchasers of Commercial Property
- Potential Tenants
- Owners
- Existing or Potential Mortgagees
- Lenders
- Property Managers
- Those Who Conduct Property Condition Assessments and Prepare PCRs
About the Course
This one day course gives you an overview of the ASTM Property Condition Assessment (PCA) standard (ASTM E2018) and explains why it was developed. It provides an excellent guide on how to use the standard to conduct a baseline property condition assessment and how to prepare a Property Condition Report (PCR).
Course Description
Registration: 7:45 - 8:00 a.m.
Class: 8:00 a.m.- 5:00 p.m.
- Introduction to E2018
- Definitions of Terms and Acronyms
- Significance of Use
- User's Responsibilities
- The Consultant
- Documentation Review and Interviews
- PCA-Site Visit/Walk Through
- Site Visit Components
- Structural Frame and Building Envelope
- Roofing
- Plumbing
- Heating
- Air Conditioning/Ventilation
- Electrical
- Vertical Transportation
- Life Safety/Fire Protection
- Interior Elements
- ADA
- Additional Consideration
- Opinions of Costs to Remedy Physical Deficiencies
- Reserves
- PCR-Written Document
- Purpose of the Report
- Suggestions
- Examples
- Specific Property Types
- Multi-Family
- Commercial Office Buildings
- Retail Buildings
- Warehouse/Industrial
- Hospitality
- Specialty
- Wrap-up of Course
- Course Evaluation
Referenced Documents
E2018 Standard Guide for Property Condition Assessments: Baseline Property Condition Assessment Process
Fee Includes
- Copy of E2018 Standard Guide for Property Condition Assessments: Baseline Property Condition Assessment Process
- Course Notes
- Certificate Of Attendance
- .7 CEUs (Continuing Education Units)
About the Instructors
The professionals who contributed to the development of the PCA standard teach this course. They are members of Committee E50 on Environmental Assessment and are now involved in developing new ASTM environmental assessment standards. Each class will be conducted by one of the following professionals:
- William Easley, Partner Engineering and Science, Inc.
- Robert L. Johnson, The Howard Hughes Corporation
- Kathryn Mendias
- Tom W. Snyder, Building Science Architects, LLC
About Sponsoring Committee
Organized in 1898, ASTM is one of the world's largest voluntary standards development organizations. ASTM standards have grown to be among the world's most widely used and accepted documents. Recognizing the need for authoritative site assessment standards, ASTM pulled together environmental professionals, real estate and insurance professionals, lawyers, and government representatives. The members of ASTM Committee E50 and its Subcommittee E50.02 on Commercial Real Estate Transactions developed the standard upon which this course is based. For more information on Committee E50 contact Kate McClung or go to our E50 technical committee page.
ASTM Membership
Attend this course and receive a FREE 1-year membership to ASTM International and Committee E50 on Environmental Assessment, Risk Management, and Corrective Action. (Applies to new members only and may not be used to renew existing memberships.)
Attention: Professional Engineers
If your state has a continuing education requirement for license renewal, ASTM training courses and ASTM membership can help you meet that requirement.
How Learing Will Be Assessed
Learning will be assessed through a series of question and answer sessions.
Questions About This Training Course
For information on this training course, please contact Training or call (610) 832-9695.