Topic: Understanding Your Facility Assessment Options
Speaker: DAVID DUNN
City of Orlando
Whether you are managing an existing asset or a commercial real estate transaction, a thorough understanding of the condition of the properties in question will help you optimize return on investment and manage liabilities associated with the asset. A full-service due diligence company can offer two major products to determine building condition — the Property Condition Assessment (PCA) and the Facility Condition Assessment (FCA).
A Property Condition Assessment, also known as a Property Condition Report or Commercial Building Inspection, is an evaluation of a commercial real estate asset based on a thorough inspection, including all improvements and all the systems of each building on the property. It is typically ordered as part of the due diligence process for a commercial real estate property transaction. A lender may request a PCA before issuing a loan, or an investor/buyer may request the assessment before a purchase or sale.
Facility Condition Assessments (FCAs) are typically prepared for owners or managers of real estate portfolios to help optimize and maintain the physical condition and value of their assets, develop capital budgets, and prioritize resources. A Facility Condition Assessment can also be used to secure additional funding for renovations. They are a vital tool for owners and managers of real estate portfolios to plan and prioritize short- and long-term investments in their facilities.
David L. Dunn, CFM will present how the City of Orlando addresses these annually for critical facilities.
Many of these assessments are tied to Police, Fire and Families, Parks & Recreation accreditation programs.
$30 member / $50 non-member
First Time Facility Manager Fee Waived - Please contact Stefany Aceves at Stefany.Aceves@hcps.net to request registration and provide your business card to Stefany at the event.
Eddie V's Prime Seafood
4600 W Boy Scout Blvd.
Thursday, February 9, 2023
11:30 am Registration
12:00 pm - 1:30 pm Presentation and Lunch
Online registration only - payment in advance only
No registration or payments at the door
Deadline to Register is Monday, February 6, 2022
Members must sign in to the website before registering to get
the member rate