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Leak.ca Property Management
REIT

REIT Pre-Acquisition Leak Audit — $2.4M Deal Saved

6 buildings in 10 daysDeal closed2 minor issues found
  • Serving all of BCSince 1999
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  • 25+ yearsFamily-operated
  • 10,000+ propertiesInspected

The Problem

A REIT was acquiring a 6-building portfolio. Their due diligence flagged potential plumbing issues. The deal was at risk unless leak conditions could be verified within 2 weeks.

Detection Method

Rapid 6-building audit over 10 days: thermal imaging of all common areas, acoustic testing of risers in 3 representative buildings, underground leak detection on all service lines.

Results

Portfolio was found to have sound plumbing with only 2 minor issues. Report satisfied the buyer's engineering consultant. Deal closed on schedule at the agreed price.

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