Real estate investors are increasingly interested in resiliency plans and management best practices regarding the ability of buildings and developments to withstand severe storms and other natural events.
Potential investors want to know about procedures for identifying, mitigating, and disclosing the risks posed by climate change and natural disasters. Investors care about maximizing rent by minimizing risks, and preventative measures are critical, writes Tony Liou, president of Partner Energy, Inc., a provider of energy efficiency consulting services.
Owners can reduce fire risk by cleaning detritus around buildings, and reduce flood damage by relocating mission critical equipment away from flood-prone areas. Such steps can minimize property downtime that would result from expensive and long repairs requiring the property to be vacated.
Owners should conduct an assessment to determine which mitigation measures to adopt based on costs and the business plan. Then they should analyze whether they have adequate insurance coverage for risks that are too costly to mitigate.
Related Stories
Codes and Standards | Oct 7, 2019
Tailgating remains a critical building security threat, say security professionals
Few buildings provide beefed up provisions to counteract threat.
Codes and Standards | Oct 7, 2019
New seismic standard to evaluate, retrofit existing structural steel buildings open for review
AISC seeks input through Nov. 4.
Codes and Standards | Sep 27, 2019
Open source tool allows comparison of embodied carbon emissions from construction materials
Enables carbon-smart choices during material specification and procurement.
Codes and Standards | Sep 27, 2019
AIA declaration: Climate change requires ‘holistic approach’
Must address interdependencies among people, buildings, infrastructure, and the environment.
Codes and Standards | Sep 26, 2019
San Jose’s new building energy code is the most stringent among large cities
New regulations aim to make zero-emission electric buildings the norm.
Codes and Standards | Sep 26, 2019
Building support for climate action depends on linking it to health, economic benefits
USGBC report finds most people don’t think environmental problems significant enough to prioritize action.
Codes and Standards | Sep 20, 2019
OSHA has a new chief for its construction directorate
Former Army medical staffer Scott Ketcham has extensive OSHA experience.
Codes and Standards | Sep 20, 2019
American Wood Council updates free Connection Calculator
Tool includes cross-laminated timber connection provisions and post-frame ring shank nails.
Codes and Standards | Sep 19, 2019
Virtual reconnaissance of Bahamas finds some structures performed well during Dorian
Amid devastation, lives likely saved by resilient buildings.
Codes and Standards | Sep 19, 2019
Obama-era Waters of the U.S. rule revoked
New rule expected to define protected waterways more narrowly.
