flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Investors want building resiliency plans and risk mitigation practices

Codes and Standards

Investors want building resiliency plans and risk mitigation practices

Owners should assess risk, insurance coverage, and ability to withstand disasters.


By Peter Fabris, Contributing Editor | December 9, 2020

Courtesy Pixabay

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 | Apr 8, 2021

Sensors used in tunable lighting systems found to have high reliability

DOE study investigated items used to control lumen depreciation, chromaticity shifts, and changes in drivers.

Codes and Standards | Apr 7, 2021

Red tape ruined the U.K.’s home retrofit program

Lessons learned could help US avoid that fate.

Codes and Standards | Apr 6, 2021

Lendlease achieves net-zero carbon in Boston, Chicago multifamily portfolio

New projects in New York, Los Angeles on track to reach goal.

Codes and Standards | Apr 5, 2021

Specification for sliding door, lift and slide roller assemblies updated

Addresses market trend toward heavy sliding doors.

Codes and Standards | Apr 5, 2021

Construction employment rebounds in March following February drop

Rising costs, supply-chain woes, and cancellations threaten outlook.

Codes and Standards | Apr 2, 2021

Intl. Code Council’s new development system could be a brake on building decarbonization

Local governments lose influence on creating new energy efficiency rules.

Codes and Standards | Apr 1, 2021

Cuomo proposes strengthened NY building codes to boost efficiency

Would apply to appliance, equipment efficiency and reduce water use.

Codes and Standards | Mar 25, 2021

N.C.’s Outer Banks’ communities struggle for ways to keep the sea from overrunning them

Tax hikes for beach replenishment offer temporary solution.

Codes and Standards | Mar 23, 2021

The 15-minute city may not work in much of North America

Segregated neighborhoods and car-centric cities may not adapt to the European model.

boombox1
boombox2
native1

More In Category

Government Buildings

OSHA’s proposed heat standard published in Federal Register

The Occupational Safety and Health Administration (OSHA) has published a proposed standard addressing heat illness in outdoor and indoor settings in the Federal Register. The proposed rule would require employers to evaluate workplaces and implement controls to mitigate exposure to heat through engineering and administrative controls, training, effective communication, and other measures.




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021