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Marc Singer

In light of all the attention directed towards Florence and her brothers and sisters now churning in the Atlantic this ongoing hurricane season, climate change and rising sea levels are increasingly on everyone’s mind — including commercial real estate people. As co-founder of Singer Xenos, he has helped hundreds of families create financial security and wealth, Marc Singer has some thoughts on those subjects. He also founded and heads up the Advisor Forum, which manages over $9 billion in assets.

Recent studies like one from Harvard University deal with how climate change could impact the general housing market. How much of a threat is it to the commercial market, and how do you counsel clients?

Just like the threat climate change poses to the general housing market, the impact it will have on our commercial market is both real and substantial. If you own commercial property, like a rental building, it’s always a good idea to begin reducing your exposure to vulnerable assets over time, especially in South Florida–ground zero for climate change and sea level rise. To be clear, we are not advising against investing in Miami or coastal cities altogether, but to do so in a way that can safeguard your portfolio and limit your exposure to vulnerable real estate assets.

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