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PAMS® Property Portfolio Manager

Introduction

For five decades our Valuation Team has worked hard to add value to every assignment. In 2017 we decided to offer clients the opportunity to maximise the value of their real estate on an on-going basis, rather than only when they ordered a valuation report. PAMS® Property Portfolio Manager draws on the professional expertise of our Valuation and Planning Divisions to protect our clients’ property against capital asset erosion through inadequate (or over adequate) fire insurance coverage, down zoning and adverse market value changes. Simply put, PAMS® PPM provides clients with professional valuation and planning advice when they need it so that they can avoid being blind-sided by external events that threaten their property. It reduces their administrative burden and risk and better positions them to maximise the value of their property holdings. When required, it will also reduce the cost and expedite the valuation of their property for financing, balance sheet, IFRS and other purposes.

PAMS® Property Portfolio Manager

PAMS® PPM is the culmination of five decades of investment in information technology and building a real estate services delivery model which so far is unique in Canada. This is how it works:

Every year we send you, the property owner, the following information two weeks prior to your property fire insurance renewal date:

1. Fire Insurance – the Replacement Cost New value for each building in your property portfolio.

2. Zoning – the current zoning on each property in your portfolio together with a notification of any proposed change, and the action required.

Since planning is an ongoing process you may get notification at any time from the planning authority of proposed changes to the Zoning By-Law or Municipal Plan that may benefit or adversely impact any property in your portfolio. You forward that notification to us through your personal Client Area on our web site www.turnerdrake.com and we will then advise you of the appropriate action required to protect your property.

We also provide advice on the action required when you are contacted directly by the planning authority with respect to developments in the neighbourhood which may impact your property.

3. Projected Property Price – this is based on indexing up the last known Purchase Price, or formal estimate of Market Value, using our CompuVal® IT platform’s trend line analysis and having regard to vacancy rates, our market knowledge, an analysis of the neighbourhood life cycle, a review of supply and demand for like properties, and factoring in any known changes to the property itself. It is a useful estimate to assist in broad decision making and is prepared for your internal use, and without any liability on our part. It should not be shared with third parties or be relied upon for financing, sale or other purposes.  These will require a formal Market Valuation conducted in accordance with industry accepted standards such as the RICS Valuation Global Standards (Red Book), Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) or the Uniform Standards of Professional Appraisal Practice (USPAP).

4. Market Trends – this includes an analysis of the neighbourhood type and current stage in its life cycle (growing, stable, declining, transitioning), together with a comment on supply and demand for properties in the neighbourhood and/or similar properties to the subject property.