Property & Facility Condition Assessments

Since 1998, Pond Robinson & Associates has provided property & facility condition assessment services for investors, lenders, and facility managers throughout the nation and across all asset types.

Engineers looking at plans inside a building
Engineers looking at plans inside a building

Property & Facility Condition Assessments

Since 1998, Pond Robinson & Associates has provided property & facility condition assessment services for investors, lenders, and facility managers throughout the nation and across all asset types.

Our Approach

PR&A’s approach to each assessment is an engineering and architectural process that has been crafted through over 25 years of practice across thousands of properties. Our assessments are not a commodity, but an actionable tool for Owners and Operators.

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Property Condition Assessment (PCA) Overview

Real estate transactions require a detailed physical assessment of the facility so that the buyer, seller, or lender can accurately determine the financial implications of deferred maintenance items, recommended upgrades, or unrepaired deficiencies. We provide high quality Property & Facility Condition Assessments conducted by experienced professionals with a broad knowledge of all building systems. Our Facility Condition Assessments help facility managers and owners make informed decisions about maintenance, repairs, and capital improvements.

What We Provide

  • Comprehensive Evaluation: Our PCA/FCA report is based on thorough site observations, analysis of supplied documents, and consultations with relevant property staff and building officials.
  • Detailed Reporting: We summarize our findings in a capital expenditure cost table and a written narrative report. This includes observations, conclusions, recommendations, and extensive photographs highlighting both typical and problematic conditions.

Industry Leadership

  • Standard Development: We contributed to shaping industry standards through our involvement in developing the E2018 – Standard Guide for Property Condition Assessments.
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Our dedication to providing reliable opinions and our commitment to competent consultation are founded on our beliefs that we have been selected based on trust.

Our Process

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


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Comprehensive Site Visits

Our site visits range from 2-4 days in order to thoroughly assess the property, interview key personnel, and identify issues, ensuring comprehensive assessments.

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Expert Staff

Our team, with a technical staff average tenure of 20+ years’ experience, includes licensed architects and engineers, ensuring detailed, reliable property condition evaluations.

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Reserve Analysis Cost Tables

Detailed cost tables provide opinions of cost for upgrades, immediate repairs, and capital expenditures, helping investors, owners, and lenders understand financial implications throughout the term of the evaluation period.

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In-Depth Narrative Reporting

Our narrative reporting exceeds ASTM E2018 standards, offering comprehensive findings and recommendations for effective asset management and decision-making.

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Report Peer Review & Update

Our expert staff is available for peer review and update of borrower or seller provided reports. This allows our clients to efficiently understand the current condition of the property, identify missing capital reserve items, and update the amounts and timeline of previously noted items.

Mizner Park

Boca Raton, Florida

Mizner Park

Boca Raton, Florida

Mizner Park is a premier mixed-use lifestyle center in downtown Boca Raton, featuring Mediterranean Revival architecture. The development includes luxury residences, high-end retail, dining, and cultural venues like the Mizner Park Amphitheater and Boca Raton Museum of Art. Its pedestrian-friendly design and vibrant atmosphere make it a key destination in the region. PR&A provided an equity-level property condition assessment for the Buyer and their operating partners.

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The Taylor

Dallas, Texas

The Taylor

Dallas, Texas

The Taylor is a luxury high-rise apartment building in Uptown Dallas, offering a sophisticated urban living experience with stunning city views. The 17-story building features upscale apartments with modern finishes, and amenities including a rooftop pool, fitness center, and business center. Located near top dining, shopping, and entertainment venues, The Taylor is one of the most sought-after residential buildings in Dallas. PR&A provided an equity-level property condition assessment as a part of acquisition due diligence for the operator and their investment partners.

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One Madison Avenue

One Madison Avenue

New York, New York

One Madison Avenue

New York, New York

One Madison Avenue, the Metropolitan Life Tower, is a Class-A office building located at the southern end of Madison Avenue in New York City. The property consists of a 14-story base building and a 50-story tower. The Tower Building was constructed from 1905 to 1909 and the south building in two phases from 1954 to 1960. The building contains 1.4M square feet of rentable area. The Metropolitan Life Tower was the world’s tallest building from 1909 to 1913, when it was surpassed by the Woolworth Building. The tower was initially an addition to the original 11-story, full-block office building (the “East Wing”) that was completed in 1893.

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Springmaid Beach Resort and Pier

Springmaid Beach Resort and Pier

Myrtle Beach, South Carolina

Springmaid Beach Resort and Pier

Myrtle Beach, South Carolina

PR&A provided a property condition assessment and environmental site assessment (ESA) of the Springmaid Beach Resort and Pier, an eleven building resort hotel complex and conference center situated on a 29.93-acre ocean front site. In addition, we provided a probable maximum loss assessment due to a hurricane event, an assessment of the parking garage and a detailed assessment of the 1,060-foot long, T-shaped fishing Pier.

Representative Projects

Pond, Robinson & Associates has assessments for over 10,000 properties across the nation and for all asset types.

By the Numbers

10000 +

Assessments

(Nationwide)

25 +

Years of Service

1 B+

SF of Assessments

50

States

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Experience Across all Asset Types

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

Multifamily

PR&A has assessed thousands of multifamily properties including single family rental, student housing, and senior living assets in garden style, mixed use, and mid- and high-rise multifamily properties.

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Multi Family Building

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.

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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.

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Office Building

Retail & Mixed Use

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

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Hotels

PR&A has assessed over 10,000 rooms across our hospitality portfolio. This includes coastal resorts, golf courses, business lodging, luxury towers, adaptive reuse projects, and historic buildings.

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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.

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Historical Remodel of the University Club

Experience Across all Asset Types

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

Multi Family Building

Multifamily

PR&A has assessed thousands of multifamily properties including single family rental, student housing, and senior living assets in garden style, mixed use, and mid- and high-rise multifamily properties.

Explore Multifamily Services

Industrial Warehouse Building

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.

Learn More

Office Building

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.

Learn More

Interior View of a Mall

Retail & Mixed Use

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

Learn More

Hotel Lobby

Hotels

PR&A has assessed over 10,000 rooms across our hospitality portfolio. This includes coastal resorts, golf courses, business lodging, luxury towers, adaptive reuse projects, and historic buildings.

Learn More

Historical Remodel of the University Club

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.

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Commitment to Client

We are proud to be a preferred consultant for many of the nation’s largest and most diligent investors and real estate operators.

Typical Property Condition Assessment Scope

  • Regulatory and Zoning
  • Site Improvements and Civil Infrastructure
  • Building Structure
  • Roof System
  • Building Exterior Walls and Facade
  • Interior Improvements
  • Mechanical Systems
  • Plumbing Systems
  • Electrical Systems
  • Vertical Transportation
  • Fire Protection and Life Safety
  • Specialties
  • Accessible Facilities
  • Provided Documents

Our assessments are not a commodity, but an actionable tool for Owners and Operators.

Worker by the window on a skyscrapper
Worker by the window on a skyscrapper

Our Team

Michael Raybon

Michael Raybon

Co-President and Managing Principal

Michael Raybon is the Managing Principal of Pond, Robinson & Associates and brings 30 years of experience in the evaluation of existing facilities and oversight of development projects. Mr. Raybon has been the project engineer on thousands of assessments and development projects and has been an integral part of the ownership, operations, and management of Pond, Robinson & Associates.

Education
  • B.S., Materials Science and Engineering, University of Florida 1990
Registrations
  • Professional Engineer, Florida, 1998
  • Professional Engineer, Texas, 2009
Mark Petersen

Mark Petersen

Principal and Chief Operating Officer

Mark Petersen is a Principal and Chief operating Officer of Pond, Robinson & Associates and brings over 25 years of facilities, construction and environmental consulting experience to the firm, including two years of experience working in Europe and Asia. His extensive work with a diverse group of clients gives him an exceptional understanding of their needs. Mr. Petersen has been a registered Professional Engineer for 22 years and has significant experience managing and conducting property condition assessments as well as conducting design and feasibility reviews, performing construction oversight, and review of specialized services including roof assessments, environmental assessments. Over the last five years, Mr. Petersen has been an integral part of the ownership, operations and management of Pond, Robinson & Associates.

Education
  • Bachelor of Science, Civil Engineering, University of Illinois 1993
Registrations
  • Professional Engineer, Illinois, 1998
  • Professional Engineer, Texas, 2017
Steve Brandt

Steve Brandt

Chief Engineer

Steve Brandt is the Chief Engineer of Pond, Robinson & Associates. He brings more than 40 years of Professional Engineering consulting experience to the firm, possessing comprehensive training, knowledge, and experience in construction management and consulting; commercial land development; commercial property condition assessments; accessibility engineering; and sustainability. He has proven business and engineering success serving a broad range of institutional clients, across all industries, sectors and property types, providing a high degree of professional service and care to meet the changing needs of our clients.
Mr. Brandt possesses a unique combination of professional assessment and evaluation skills, consisting of a thorough knowledge of land development, including the entitlement, financing and feasibility of commercial developments, and the design and construction of the built environment.
His comprehensive understanding of building systems, material characteristics, construction techniques, green and sustainable design and construction practices, contracts, codes and standards, environmental and hazardous materials regulations, remediation alternatives, and maintenance and repair strategies provides a qualified and focused approach to construction management, commercial property review, assessment and due diligence investigations. He has extensive training and experience in energy consulting, commissioning, benchmarking, energy audits, LEED® and ENERGY STAR® certifications. As a Certified Accessibility Specialist, he also possesses detailed expertise in accessibility and disability engineering.

Education
  • Bachelor of Science, Civil Engineering, Valparaiso University, 1980
Registrations
  • Professional Engineer, Texas, 1987
  • ICBO Certified Accessibility Specialist

You can rely on PR&A to execute at a high level for every transaction or development.