Yuen Yung Yung says locationalone should not prevent an investor from moving forward with apurchase.

HOUSTON—With Hurricane Willa an active hurricane, and in lightof other recent devastating hurricanes such as Michael and Florence, many investors with real estate holdingsin these areas are experiencing a great deal of uncertainty. Whilethis is to be expected, there are many ways in which wise investorscan mitigate losses due to natural disasters. With just a littlebit of advance planning, and by initiating a readiness action plan,some investors many find it easier to stay afloat and survive thereal estate market hurricane.

“While it may be easy to think that real estate investing in ahurricane-prone area should just simply be avoided, location aloneshould not prevent an investor from moving forward with aprospective purchase,” Yuen Yung, CEO of Upside Avenue, tellsGlobeSt.com. “This risk must be weighed against all other factorsand it should also be taken with a grain of salt for the simplefact that if the investors have done their due diligence and havesecured all of the necessary insurance, any losses that couldpotentially be caused by a hurricane can be largely avoided.”

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.