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It is our obligation to serve as your trusted professional advisor and representative. We take that responsibility very seriously.

Property Condition Assessments:
There is value in information, how much information or the quality of that information is weighted against the perceived risk. Owners risk is generally considerably greater than that of a lending institution; likewise, there is a difference between buying a building defect and owning a building defect. It comes down to a discussion of competency, effort and scope of services. A discussion of purpose followed by selection of the appropriate scope of service based on known data or competent presumptions; ensures the right team for the job.

Red's assembled teams have years of real estate experience derived from the practice of traditional architectural, engineering design, and field oversight. Multi-discipline teams and senior professionals are well suited to uncover non-obvious deferred maintenance issues and defects that cannot always be identified through a commodity approach. The resultant Due Diligence services RED provides are detailed, defensible opinions of the asset with both short and long term considerations, useful in formulating solid ownership and disposition strategies.

Buildings are not standardized, nor is RED's approach to scoping the individual services needed. Our palette of specialist assessments include:

  • Fair Housing (FHAA) and ADA Assessments
  • Mechanical/Electrical/Plumbing/Fire and Life Safety Assessment
  • Fire and Life-Safety Systems Assessment
  • Structural Assessment
  • Seismic Assessment
  • Parking Garage Evaluations
  • Exterior Cladding Assessment
  • Roofing Assessment
  • Public Records or PZR Review
  • Vertical Transportation Assessment
  • BOMA Building Area Calculation
  • Telecommunications Assessment
  • Wood-destroying Organisms Assessment
  • Fatal Flaw Assessment
  • Third-Party Peer Review of Existing Assessments
  • Sustainability Consulting - LEED-EB Gap Analysis
  • ENERGY STAR® benchmarking

Construction Consulting:
Owners and lenders look to RED to regularly and periodically observe construction, evaluate progress and work product, and maintain necessary records of meetings and observations. This involves opining on the quality of workmanship, substantiating costs in place, confirming the adequacy of balances to complete, explaining variances, and communicating the status of construction completion.

Plans and cost review or pre-development entitlement and feasibility studies afford cost effective independent monitoring and reporting on the development and construction progress. This ensures the financial partner’s interests are being represented regularly and productively.

RED Services

Asset Management:
Owners rely on RED's technical and management skills to prepare solutions, scope proposal requests for specialty design and forensic services, and project manage the execution. When defects or capital needs are identified during due diligence, and escrow accounts are established with definite time constraints placed on the appropriate use of funds, RED is one step ahead of the more traditional professional service providers and can refine the renewal scope and get to the construction repair phase more quickly.

Energy and Sustainability:
It is RED's goal, working primarily in the realm of existing buildings, to identify improvement opportunities that are physically viable and economic to owners and managers of commercial real estate.

RED's value is in identifying opportunities to improve the bottom line through operating efficiency, maintenance, and well placed capital. Real Estate Diligence's evaluation criteria is consistent with the US Green Building Council (USGBC) perspective, thereby further enabling client judgment as to the amount of effort necessary to meet Leadership in Energy and Environmental Design (LEED) green building credit criteria in a quest for potential LEED Certification and consequential market benefits.

All Real Estate Diligence's services can be customized to your needs; “Consulting begins with the development of a scope of service”. Upon collection of the data, the opportunities to mitigate negative and promote positive environmental impacts; optimize life cycle costs/benefits; and optimize external costs/benefits can be presented as a high-performance building assessment.

ADA/FHA Compliance:
Lack of full ADA and FHA compliance continues to plague building accessibility well beyond the respective legislated effective dates. In part, this is due to the absence of codification at local, State and National levels. The due diligence industry has sought to promote a tiered approach to scope and level of effort based on the client’s perceived risk and tolerance. RED is well versed in each of these approaches, and more importantly, effective in the realm of the highly detailed accessibility assessments. We have advised clients acquiring property from within the portfolios of the majority of developers/owners impacted by the recent and ongoing high-profile FHA litigation. Our exposure to a variety of “Consent Decrees” or “Settlement Stipulations” reinforces our technical knowledge and keeps us current with practical interpretation.

Our extensive experience with FHA compliance in multi-family communities with a first occupancy on or after March 13, 1991, leads us to conclude that there is non-compliance in as much as 70% of the built environment. Given the complex design criteria and this staggering statistic, it simply is not prudent for a perspective owner to assume compliance based on prior issuance of a Certificate of Occupancy.