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You are here: Home » News » ASTM International Rolls Out Updated Earthquake Risk Guidance

August 1, 2016

ASTM International Rolls Out Updated Earthquake Risk Guidance

By Partner ESI

ASTM International, which develops and delivers voluntary consensus standards focused on seismic risk globally, has announced changes to R2026 Standard Guide and E2557 Standard Practice, the industry standards for assessing risk that earthquakes pose to buildings.

“If you are a chief risk officer at a bank with a substantial portfolio of [properties] in Western States or a lender lending to a borrower with properties located in seismically active states—California, Washington, Oregon with the highest risk, a large seismic event could generate a big loss on your portfolio,” said Joe Derhake, CEO of consulting firm Partner Engineering and Science, which specializes in engineering and environmental due diligence.

Sherry Hsieh of Real Estate Finance & Investment spoke to Partner CEO Joe Derhake about the impact the new standard will have on the commercial real estate industry. Download the full article here.

About the Authors

Partner ESI

Partner ESI

Founded in 2007, Partner Engineering and Science Inc., is the leading provider of engineering, environmental, energy, and construction consulting for the commercial real estate (CRE) industry. Touching 1 in 5 CRE transactions in the U.S., Partner is widely recognized as the largest and best provider of third-party physical due diligence reports, including Phase I Environmental Site Assessments, Property Condition Assessments, Seismic Risk Assessments, Zoning Reports, ALTA Land Title Surveys, and Construction Risk Management. Partner’s connectedness to the CRE market gives it an unparalleled view into CRE trends and risk management insights. Partner also provides a full suite of consulting services to support the entire real estate lifecycle, including: Geotechnical Consulting; Building Systems Consulting; Capital Management and Project Implementation Support; Environmental Health & Safety Consulting; Energy, Sustainability & Resilience Consulting; and Site Civil Engineering. With a responsive approach scaled for speed and agility, Partner helps clients manage risk, make smart investments, optimize asset performance, and win at their real estate investment strategies. Based in Torrance, Calif., Partner has over 1,400 employees in 40 offices around the globe.

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