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

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

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