PAMS® Property Portfolio Manager
For over four decades our Valuation Team has worked hard to add value to every valuation assignment. In 2017 we decided to offer clients the opportunity to add maximise the value of their real estate on an on-going basis, rather than only when they ordered a valuation assignment. 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 a creature of the twenty first century: the culmination of four 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 the property owner the following information two weeks prior to their property fire insurance renewal date:
Fire Insurance -
the Replacement Cost New value for each building in their property portfolio.
the current zoning on each property in the portfolio together with a notification of any proposed change, and the action required.
Since planning is an ongoing process the client 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 their portfolio. The client forwards that notification to us through their personal Client Area on our web site www.turnerdrake.com and we will then advise our client of the appropriate action required to protect their property.
We also provide advice on the action required when the property owner is contacted directly by the planning authority with respect to developments in the neighbourhood which may impact their property.
Market Value Forces -
identification of supply and demand trends over the previous year and their impact on rents and capital values, together with a projection for the subsequent one and five years, as they pertain to each property in the portfolio. This process involves the following:
An analysis of the neighbourhood cycle, its current status and trend.
An analysis of supply and demand for properties in the neighbourhood, and similar properties to the subject property.
An analysis of property prices in the neighbourhood, and of properties similar to the subject, using linear regression and exponential smoothing where sufficient data is available, to determine capital value trends.
Deployment of a Market Trends Analysis tool to analyse Capital and Fundamental Markets.
Integration with Our Client's Operations
Once your property is enrolled in our PAMS® Property Portfolio Manager program we report to you each year, two weeks prior to the fire insurance renewal date with what essentially amounts to an annual property check-up. The results are also available on your personal Client Area on our web site www.turnerdrake.com. During the inter-reporting period we alert you to any zoning or planning changes that may affect your property and advise you if and what action to take to protect your asset.
Lift the Burden: Reduce Costs
We invite you to reduce your administrative burden, cost and risk by availing yourself of PAMS® PPM for a trial period. Send us the address of each property in your portfolio and the fire insurance renewal date and we will prepare a Year 1 estimate of our fee. If you decide to proceed, you will be asked to enter into a PAMS® Consulting Services Agreement. Should you decide to discontinue PAMS® PPM, you can do so at any time.