Underwriting Bedbugs - 10.19.2010
Over the weekend my wife and I went to the movies to see “The Social Network,” the incredible story about the birth of Facebook. I told a friend about the movie, and he reported that he and his wife will no longer go to the theatre for fear that they will pick-up bedbugs! Apparently movie theatres in Times Square have been closed to deal with the problem. Manhattan is in a frenzy over these critters, and it is the talk of the town. It made me reflect on the assessment of risk, and how the “bedbug factor” may very well impact the underwriting of hotel investments, movie theatres, apartments, and anywhere else that bed bugs may be lurking. It may seem outlandish, but as we worry about everything else today, infestation is probably now on a smart analysts due diligence checklist. Oh, and by the way, sleep tight, and don’t let the bedbugs bite!

Tony LoPinto is a senior client partner and head of Korn//Ferry International’s Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.

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