Property Condition Assessment

The Challenge

Watters Environmental Group required a Property Condition Assessments (PCAs) for a portfolio of 20 senior center properties spread across Ontario and British Columbia. These properties encompass a variety of building types, from highrise towers to midrise buildings, each offering an average of 140 suites, along with amenities like a pool, spa, salon, theatre, commercial kitchen, and a medical care wing.

Enter Edison

We were retained to conduct the PCA’s in support in capital planning and financing for the portfolio. Our scope of work included conducting site visits and delivering a customized report within 2-3 weeks after each site visit. This report detailed our findings, recommendations, and a 10-year projection table summarizing the timing and projected budgets for future capital repair projects.

The Payoff

Amica Senior Lifestyles now possesses the tools necessary to guide their operations effectively over the next ten years. This proactive approach ensures a comfortable living experience for their clients.