Hurricane Florence on 9/12/2018. Photo by National Hurricane CenterUnderstandably, anxious investors seeing the impact of Florence and anticipating that the hurricane season is far from done might be wary of weathering future storms. But here are some reassuring words from a CEO of a REIT with extensive experience in apartments, senior and student housing.
“Just because a property is in a hurricane-prone area does not mean that it is not a good investment. What is most important is that investors need to ensure that they are working with a sponsor who has done their homework and has all of the proper insurance in place,” Yuen Yung, CEO of Upside Avenue, tells GlobeSt.com.
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David Wilkening
David Wilkening began his long journalism career as a police reporter for Chicago-area newspapers. He became a writer-editor for major newspapers in Chicago, Washington, Detroit and Florida. He has been a business editor, political editor and travel editor for newspapers and magazines. He tried for a while to be a political operative but did better as an adjunct college professor teaching English and journalism. He is the author of several books, both ghost-written and under his own name. He is also a widely published freelance writer who currently lives in Orlando.
