MIAMI, Aug. 16, 2011 /PRNewswire/ -- PAPSON Properties announced today an expanded offering to service corporate investors and property owners of distressed assets. Purchasing commercial property may be among the biggest investments companies make. While the currently deflated prices of distressed properties are exciting, they also pose potentially serious pitfalls for even the most experienced investor. PAPSON Properties provides comprehensive commercial and industrial property condition assessments for new property acquisitions and leases, as well as deferred maintenance, renovation, restoration, and repair inspections.
"In today's depressed real-estate market, it is vital for investors to make smart decisions and more importantly, steer clear of poorly or superficially maintained properties," states Kenneth Papson, President & CEO of PAPSON Properties Inc. He continues: "With commercial properties, we conduct a rigorous review of structural and mechanical systems as well as interior and exterior inspections including many items not normally covered in a standard building inspection. This is a very important element of our inspection services because symptoms of larger problems are often only visible to the professionally trained eye."
PAPSON Properties provides property condition assessments and Capital Asset and Reserve Budget studies for Commercial, Industrial and Institutional properties including: buildings; retail centers: strip & regional; industrial: warehouse, manufacturing, flex space; cold & climate controlled storage space; office buildings; single & multi-tenant space; multi-family housing units; and colleges & universities. PAPSON Properties also provides Deferred Maintenance Inspections. These PPI Reports are an important part of an investor's budgetary and due diligence process, and the recommendations should ensure a smooth financial transition from one fiscal year to the next.
About PAPSON Properties Inc.:
Headquartered in Michigan with offices in Florida, PAPSON Properties was formed over 14 years ago to provide a new approach to Property Condition Assessments that enable investors to access the most up to date procedures and methods for property inspection available today. They have expanded their knowledge base to ensure the highest competency with HVAC systems, roofing systems, interior and exterior structural and non-structural walls; and electrical systems. Visit www.papsonproperties.com for more information.
Contact: PAPSON Properties Inc., Kenneth Papson, President & CEO at 877.232.0201
SOURCE Kenneth Papson, PAPSON Properties Inc.