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July 6, 2016

The Impact of Human-Induced Earthquakes On CRE

By Bill Tryon

SEISMIC RISKS ARE CHANGING FOR PROPERTY OWNERS, INVESTORS AND LENDERS ACROSS THE US.

The seismic risk landscape is changing. For the first time, the U.S. Geological Survey has included “manmade earthquakes” in a study of seismic hazards in the US. In addition to that, ASTM just released revised standards and guidance for Seismic Risk Assessments and Probable Maximum Loss reports (known as ASTM E2026-16a and E2557-16a). And, the Cities of Los Angeles and San Francisco have implemented mandatory retrofit ordinances that require the correction of seismic deficiencies at thousands of at-risk buildings. Investors and lenders have yet to decide on the best way to handle these changes. We are hosting a webinar on Wednesday June 29th that looks more closely at these changes so be sure to register for that now!

First, let’s take a closer look at the impact that human-induced earthquakes have on commercial real estate in this GlobeSt blog.

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