There is no denying that the number of natural disasters and their severity have increased over the years. Wildfires have burned more than four million acres in California in 2020, which is double the previous record of two million acres that was set in 2018. On the other side of the country, the 2020 Atlantic hurricane season has also broken multiple records.
All these extreme weather events mean that buildings need to become more resilient to the changes that have happened and changes that will continue to occur. Whether one is managing a portfolio of assets worth billions or a single multifamily building, real estate resilience—the ability of a property or facility to adapt to and withstand extreme weathers and man-made disasters while maintaining its function and structure—is no longer just a nice-to-have but a necessity
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Real Estate Must Become More Resilient
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