Corporate Real Estate Advisory Services

Corporate Real Estate Advisory Services

Pond, Robinson & Associates was founded in 1998 with the vision of being a leading consulting firm serving the real estate investment industry, whose services are respected, reliable, and trusted as a basis for our client’s corporate real estate decisions. This vision, established by the founding Principals of the firm, has been embodied by our entire organization and continues to be elevated and guarded by our current leadership.

Our Services

PR&A provides high quality consulting services for investors, facility directors, and real estate managers throughout the nation, across all asset types, and throughout the lifecycle of an investment.

Property Condition Assessments by experienced professionals with a broad knowledge of all building systems. Our assessments are defined by:

Timely execution for due diligence and lease milestones.
Thorough field engineering and document analysis.
Detailed and reliable opinions of cost.
Comprehensive reporting and photographs.

As consulting engineers and architects, we apply the appropriate disciplines necessary to assess, design, and restore or enhance owned-assets and building systems. This includes:

Planned Capital Projects
Tenant Improvements
Emergency Repairs & Insurance Claim Oversight
Sustainability & Resilience & Building Optimization projects.

Development consulting services rooted in engineering & architectural principles; with services that span the project lifecycle:

Site & Development Feasibility Analysis
Comprehensive Document and Design Review.
Construction Monitoring, Oversight, and Draw Review.
Close-Out Reporting and Warranty Inspections

Seasoned engineers and architects with experience addressing unique challenges and specialized building systems and an institutional network of established specialty subconsultants for every building system and assessment type.

Assessments for all building systems.
Actionable recommendations.
Extensive and high quality specialist network.

Sustainability, risk, and resilience assessments integrated with our development consulting, asset management, and property condition assessment services. This approach enables stakeholders to explore sustainable and risk-adverse initiatives during investment evaluations and during capital project assessments. This includes:

Sustainability and efficiency assessments for acquisitions, developments, and owned assets.
Climate Risk & Resilience assessments for asset managers, risk managers and ESG+R leadership.

Capital Planning for Corporate Real Estate Portfolios

We believe our process is unique and demonstrates that our firm and our commitment to client satisfaction are unequaled in our industry.

Determine Scope of Assessment & Reporting

Review level of detail required for assessment. Prioritize assets based on need. Determine timing of assessments,

Assessments & Data Collection

Identification of capital expenditure items by engineer / architect. Equipment and appliance Inventory. Interior finishes classification and inventory.

Establish Baseline

Develop capital expenditure plan. Forecast equipment and appliance replacement. Identify renovation projects.

Optimize Capital Plan

Refine the capital plan to align with business & investment plan. Align capital projects, renovations, and equipment replacement with integrated approach.

Execute Capital Projects

Execute the capital plan, measure progress, track costs. Assist with design development and peer review. Perform construction administration and quality control & progress inspections.

Update & Monitor Capital Plan

Monitor, update, and refine capital plan to allow for accurate budget forecasting, better investment decisions, and detailed planning.

Real Estate Management Support & Assessments

Proactive real estate management practices often require periodic assessments so that the owner or manager can accurately determine the financial implications or risks related to deferred maintenance items, capital projects, recommended upgrades, or unrepaired deficiencies. We provide high-quality assessments and services conducted by experienced professionals with a broad knowledge of building systems.

Asset Services Overview

Periodic Condition & Capital Planning Assessments: Periodic assessment to understand condition of asset and capex planning requirements. Typically done every 2-5 years for owned-assets or before/after major renovations or planned tenant improvement projects.
Disposition or Recapitalization Preparation: Assessments to understand condition of assets, prior to disposition or recapitalization. Optimize value and limit exposure during transactions.
Building Optimization Projects: PR&A focuses on enhancing the resilience and performance of buildings through targeted optimization projects. This includes structural and infrastructure enhancements as well as energy and utility efficiency measure implementation.
Lease Obligation Review: Compare assessment findings to lease obligations for maintenance and repairs. Ensure tenant improvements and maintenance are aligned with lease provisions and Owner expectations.
Vacancy Capital Planning: A focus on the lease turn over requirements, capital needs of the building, and maintenance and repair expenses that would be transferred to the Owner from the tenant at the conclusion of the lease.
Capital Project Design Review and Oversight: PR&A provides consultation for managing capital projects from inception to completion. This includes project planning, review, and oversight to ensure that all aspects of the project align with your investment plan.
Replacement Cost Calculations: We leverage industry-leading tools and decades of expertise to deliver accurate, reliable, and timely replacement cost estimates tailored to your property.

PR&A is able to effectively help our clients understand and plan for capital expenditures and other exchanges, allowing them to maximize value during the term of their investment.

Development Design Coordination, Due Diligence and Construction Consulting

Feasibility Review

The feasibility review is typically conducted at the initial stages of the project during land acquisition and project configuration and includes a review of entitlements, flood and seismic zones, utility and offsite requirements, geotechnical & environmental reports, peer review of schematic drawings and specifications, and preliminary schedule, budget, and contract documents.

Document and Design Review

The design and document review (DDR) is conducted near the final stages of pre-development and project design, prior to the execution of the construction agreement and finalization of the design and construction documents. In addition to the documents reviewed in the feasibility period, PR&A will peer review the permit drawings and specifications as well as the construction agreement and other contract exhibits.

Construction Monitoring

Construction Monitoring includes the ongoing review of the development schedule, progress, quality, materials, and financial documents. PR&A’s scope includes regular quality and progress site visits and review of the monthly development draw requests, contractor payment applications, and change orders.

Construction Closeout

PR&A can conduct a comprehensive review of the projectclose out documents, contractor and subcontractor binders, and final construction monitoring site assessment at the completion of the project. This ensures that all contract procedures are completed prior to the release of final payments to the developer and contractor.

Warranty Assessments

PR&A tracks the contractor and subcontractor warranty dates for development projects and performs warranty walks before the expiry of the one-year warranty and a periodic basis for extended warranties. This allows the owner to provide a comprehensive listing of defective items that may require corrective action by the associated party.

Sustainability & Building Optimization

Our Sustainability Services

We are committed to establishing a consistent, industry-guided framework to benchmark building and community performance, set improvement baselines, optimize utility usage, and identify capital projects and upgrades to improve performance.

Key Features

Integrated Approach: Combined with our development due diligence and property condition assessments, this approach enables stakeholders to incorporate sustainable practices into investment decisions.
Adherence to Standards: Our assessments align with and exceed ASHRAE and other relevant standards, ensuring actionable results.
Customizable Solutions: Our services for building optimization and ESG+R goal-setting and reporting can be tailored to meet our clients’ unique needs.
Thorough Evaluations: Includes in-depth property interviews, utility analysis, and engineering fieldwork to define building systems and propose efficiency enhancements.

Deliverables

Detailed Recommendations: We provide actionable efficiency improvements and cost-saving opportunities in a capital expenditure table and narrative report, perfect for deal underwriting or capital planning.

Our comprehensive approach to sustainability and building efficiency spans the entire investment lifecycle, from acquisition due diligence, through asset management, to disposition.

Our Climate Risk and Resilience Assessment services provide a thorough evaluation of climate risk data in relation to property condition and design, aimed at gauging resilience and recommending enhancements.

Comprehensive Climate Risk and Resilience Assessment

Key Features

Integrated Approach: Combined with our development due diligence and property condition assessments, this approach enables stakeholders to seamlessly incorporate sustainable practices into investment evaluations.
Detailed Analysis: Includes a comprehensive review of climate risk data and building and site systems, assessing their current condition and predicting resilience to climate change and extreme weather.
Mitigation Recommendations: Offers actionable strategies to enhance resilience against identified risks.

Report Inclusions

Document Reviews: In-depth examination of relevant documents to ensure a thorough understanding of existing conditions and risk.
Climate Impact Considerations: Evaluation of resilient design features and climate impacts.
Risk Assessment: Detailed coverage of risks including floods, heat stress, hurricanes, sea level rise, water scarcity, wildfires, and earthquakes.

Industry Leadership

Standard Development: We contribute to shaping industry standards through our involvement in developing the ASTM Guide for Property Resilience Assessments (ASTM WK 62996 Under E 06.25).

Experience Across all Asset Types

Our experience extends to all asset types; this allows us to provide consistent and competent services for diversified portfolios.

Industrial

Our experience spans over 50 million SF of industrial and warehouse space including mega distribution facilities, data centers, cold storage facilities, multi-story warehouses, shallow bay buildings, outdoor storage, trailer parking facilities, and master planned developments.

Explore Industrial Services

Office & Health Care

PR&A has assessed and provided construction oversight for many of the office buildings that shape our nation’s skylines including high-rise towers, corporate campuses, life science and biomanufacturing facilities, medical office buildings, and hospitals.

Explore Office and Healthcare Services

Retail & Mixed-Use

Our team has significant experience with mixed use and retail properties across the country including regional mall portfolios, anchored retail centers, mixed-use developments, and adaptive reuse projects.

Explore Retail & Mixed Use Services

Historical Properties & Adaptive Reuse

We apply the appropriate disciplines necessary to bring buildings and systems back to optimum conditions. This applies to industrial facilities, office buildings, hospitals, college and university buildings, parking facilities, and a broad range of other facilities.

Explore Historical Building Services

Historical Remodel of the University Club

Community Centers, Schools, Museums, & Cultural Facilities

Facility or property condition assessments (PCAs) provide organizations with valuable insights into the state of their facilities and guide long-term capital planning. These assessments are particularly important when it comes to grant applications and capital planning initiatives.

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