Free Webcast – Seismic Risk Assessments & Rehabilitation of ​Multifamily Housing – Updates to ASTM E2026/E2557& Seismic Retrofit Issues

Seismic Risk Assessments & Rehabilitation of ​Multifamily Housing – Updates to ASTM E2026/E2557& Seismic Retrofit Issues

About This Training
Multifamily developers, lenders and investors rely on ASTM International (ASTM) guidance and practices for performing Seismic Risk Assessments (SRAs) for proposed real estate transactions located in known seismic zones throughout the country.

Seismic due diligence must conform to ASTM E2026-16a, Standard Guide for Seismic Risk Assessment of Buildings and ASTM E2557-16a, Standard Practice for Probable Maximum Loss Evaluations for Earthquake Due Diligence Assessments. ASTM updated its guidance and standards in June 2016 to improve the consistency of seismic risk evaluations during due diligence phase. Has your organization adopted these latest seismic risk due diligence practices into internal policies and procedures for multifamily projects?

Seismic retrofit of vulnerable wood frame multifamily buildings has been a common element to mortgage finance underwriting in the past few decades. Numerous California cities have implemented mandatory retrofit ordinances for wood frame multifamily buildings with “soft or weak” stories, generally attributed to the presence of large openings for commercial spaces or ground floor tuck under parking. These retrofit ordinances add a new layer of complexity to rehabilitation projects, debt placement and private equity partnerships.

Join Vinnie Viola, webcast host and special guest and seismic industry expert Joshua Marrow, P.E. for a 90-minute live webcast that provides a balanced view of Seismic Risk Assessment and Seismic Retrofit practices in the multifamily market.

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