A retail agent had an insured with a portfolio of multifamily properties. The insured was maintaining NFIP flood insurance policies on 42 buildings at 4 locations. The lender’s flood zone determinations showed that the buildings were in Special Flood Hazard […]
Flood Zone Correction Saves Outlet Mall $50K on Annual NFIP Premiums
Our client is a real estate development company that holds a portfolio of internationally-recognized residential and commercial properties in the United States and Canada. Last year, our client built an outlet mall with 23 buildings. Prior to beginning construction, the […]
Flood Zone Correction Adds $2.5 Million to the Value of 2 Regional Shopping Malls
Our client, a publicly traded REIT, had two large Southeastern US shopping malls in its portfolio that standard flood zone determinations indicated to be within FEMA-designated Special Flood Hazard Areas (SFHA), which include flood zones beginning with letters A or […]
Flood Zone Correction Increases Commercial Multifamily Property Value by $1.5M
A large real estate asset management and advisory company with 16 multifamily properties in its portfolio that standard flood zone determinations indicated to be within FEMA-designated Special Flood Hazard Areas (SFHA), which include flood zones beginning with letters A or […]