Allana Buick & Bers, Inc. (ABBAE) was retained by BRE Properties (BRE) to perform, due diligence services on the Aqua apartment complex in Marina Del Rey, California.
Aqua has 500 one, two and three-bedroom units in two buildings that surround a courtyard containing swimming pools, spas, and an amenity building. The buildings are four-story wood-frame construction over a two-level concrete parking structure. The first building was completed in 2001 and has 166 units, the second was complete later that year and has 334 units. An additional surface parking lot increases total parking to 746.
ABBAE provided an onsite review of the entire complex, including the roofing, building envelope, waterproofing mechanical, and structural systems. After the property was acquired, select destructive testing was needed to determine the extent of water intrusion and to identify critical and optional repair recommendations. Our report included construction cost estimates were broken down by unit cost. ABBAE then provided remedial design and construction administration services to repair the critical items discovered during the due diligence/destructive testing process.