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By Patty Thornberry, Parthenon Commercial Corp

When people think of multifamily or multi-unit properties, they think of apartment buildings. However, nursing homes, assisted living facilities, and student housing are also considered multifamily or multi-unit properties. When you need a building assessment of a multifamily or multi-unit property, there are four major entities that provide standards for an assessment.  The standard you should use depends on the type of funding used to purchase the property.

This is a simple overview of the different types of assessments that can be performed on a multifamily or multi-unit commercial property. It is important to know which assessment is needed based on your client’s needs. For additional information on each type of assessment, visit the entity’s website.

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