Today, natural disasters occur three times more often than they did 50 years ago. The ubiquity of severe weather-related events has highlighted the urgency for multifamily investors to assess climate risk as part of standard due diligence when purchasing an asset or managing a portfolio.
In this episode of the Multifamily Visions series, Joe DiTizio, associate director at EBI Consulting who specializes in advising multifamily owners about climate risks, looks at what this climate reality means for investors.
- The ways that investors should underwrite climate change;
- What types of risk exposure investors should consider with their asset profile; and
- The importance of creating and implementing a resiliency plan.