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Winter Risk Mitigation Winter weather presents commercial real estate owners and managers with interconnected risks extending far beyond inconvenience. Property damage, liability exposure, business interruption, and escalating insurance costs [...]
The Cost of Rare Freezes: Building Financial Reserves for Winter Damage When temperatures plunged across Texas in February 2021, the winter storm caused an estimated $30 billion in losses. Burst pipes flooded office towers, sprinkler systems failed, and HVAC units designed for mild winters b [...]
The Role of Property Management in Risk Mitigation Property management is not just about overseeing the daily operations of buildings—it’s a critical function that plays a central role in mitigating risks, protecting assets, and maintaining long-term value. Whether i [...]