Asbestos - containing materials were commonly used in
older multifamily assets.
One of the successors to fused panels, Federal Pacific Stablock Panels, were installed in all regions of the U.S. during the late 1960s through mid-1980s and are commonly found in
older multifamily assets.
Underground storage tanks can also be an issue for
older multifamily assets as they have a useful life of only 15 to 20 years, resulting in multiple generations of tanks that often lack proper closure reports when replaced or during conversion to an alternative fuel source.
Not exact matches
Value - add repositioning of
older multifamily in good primary market locations — that is, upgrading
assets from a class - B to a - B + or - A — continues to make sense to me.