Field Guide to Terrorism and Real Estate
(Updated February 2007)
Due to the events of September 11th, it is important that REALTORS® are informed about terrorism and it's impact upon the real estate industry. This field guide discusses current issues pertaining to this topic, as well as proactive measures that can be taken to ensure that employees and property are safe and secure. (A. Siudzinski, Information Specialist)
Contents:
Terrorism & the Real Estate Industry | Terrorism & Property Management | The Real Estate Industry and the Patriot Act | Disaster Planning | Useful Websites | Books, eBooks & Other Resources
Every Business Should Have an Emergency Plan
I. Plan To Stay In Business
Be informed
Have a continuity plan in place for the business
Have an emergency plan and emergency supplies
Have either an evacuation plan or a shelter-in-place plan
Make fire safety part of the plan
Prepare for medical emergencies
II. Talk To Your People
Involve co-workers
Practice the plan
Promote preparedness
III. Protect Your Investment
Invest in insurance coverage
Prepare for utility disruptions
Secure facilities, buildings, and plants
Assess building air protection
Improve cyber security
For further details please visit the U.S. Department of Homeland Security's website, www.Ready.gov.
Terrorism & the Real Estate Industry
NYC to be testbed for Department of Homeland Security Project, (Fox12 News, May 22, 2007).
A Comeback Story: Real Estate Rebounds After 9/11 As Companies See Manhattan As the Place to Be, Not to Fear, (Wall Street Journal, Sept. 2006). Q
Anti-Terrorism and US Real Estate Lending, (Real Estate Finance, Apr. 2005). Q
Homeland Security: How far have we come?, (Information Week, Sept. 5, 2005). Q
Architects: Enhancing Security and Aesthetics, (Realty Times, June 23, 2005).
Homeland security hits local business, (Pacific Business News, Nov. 12, 2004).
Shaded in orange, (Washington Business Journal, Oct. 1, 2004).
Issues cloud recovery's impact, (Hotel and Motel Management, July 5, 2004). Q
Real estate could take hit from post-9/11 federal law, (Puget Sound Business Journal, Mar. 26, 2004).
9/11 reassessments of urban location costs and risks, (Real Estate Issues, Summer 2003). Q
Afraid of terrorism? Fretting over way? Buy something, (Realty Times, Apr. 24, 2003).
Survey: Terrorism cost real estate $10.5 billion, (South Florida Business Journal, Sept. 10, 2002).
Terrorism & Property Management
Initiatives Against Money Laundering of Importance to Estate Planners, (Estate Planning, July 2006). Q
Leaving No Loopholes for Terrorist Financing: The Implementation of the USA Patriot Act in the Real Estate Field, (Vanderbilt Law Review, July 2006). Q
Landlords Seek to Balance Security With Access; Tenants Shun Inconvenience As Building Owners Grapple With Possibiility of Terrorism, (Wall Street Journal, July 27, 2005). Q
Is your tenant a terrorist?, (REALTORS® Commercial Alliance Report, Fall 2004).
Maximum Security, (National Real Estate Investor, Aug. 2004). Q
Terrorism: Who's liable, (Hospitality.net, July 2, 2004).
Buildings vulnerable to terror attacks, (East Bay Business Times, June 25, 2004).
Tougher standards evolve, (Puget Sound Business Journal, June 21, 2004).
The 9/11 impact on trophy and tall office properties, (Journal of Real Estate Portfolio Management, Summer 2003). Q
Real Estate and the Patriot Act
Real estate industry could take hit from Patriot Act, (Puget Sound Business Journal, Sept. 24, 2004).
Understanding the effects of the Patriot Act and Executive Order 13224, (Realty Times, Oct. 21, 2004).
Commercial real estate stays clear of Patriot Act, (RIS Media, Nov. 14, 2003).
Disaster!, (CIO, Aug. 1, 2006).
Unique disaster planning necessary for high-density housing, (Realty Times, Sept. 10, 2004).
Terrorism- preparing for the unexpected, (American Red Cross, 2004).
Many businesses are unprepared to survive disaster, (Puget Sounds Business Journal, Mar. 5, 2004).
Useful Websites
Homeland Security Awareness Campaign, (Realtor.org).
Federal Emergency Management Association (FEMA), (Fema.gov). - FEMA's mission is to lead the effort to prepare the nation for all hazards and effectively manage federal response and recovery efforts following any national incident.
U.S. Department of Homeland Security, (Whitehouse.gov/homeland). - The Department of Homeland Security consolidates 22 agencies and 180,000 employees, unifying once-fragmented Federal functions in a single agency dedicated to protecting America from terrorism.
Center for Terrorism Preparedness, (The University of Findlay). - The Center for Terrorism Preparedness' mission is to deverlop integrated training programs that will assist communities in the prevention of, preparation for, response to, and recovery from possible terrorist incidents and comparable natural disasters.
MIPT National Memorial Institute for the Prevention of Terrorism, (Mipt.org). - The National Memorial Institute for the Prevention of Terrorism located in Oklahome City is dedicated to preventing terrorism or mitigating its effects.
eBooks & Other Resources
Books, Videos, Research Reports & More
The resources below are available for loan through Information Central. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Central at 800.874.6500 for assistance.
Before Disaster Strikes: Developing an Emergency Procedures Manual, (Chicago, IL: Institute of Real Estate Management, 2005). HC 62 In7bd
9/11 Commission Report, (New York, NY: W.W. Norton & Company, 2004). HV 6431 N21
Risk Management in the Post 9/11 world, (Chicago, IL: Institute of Real Estate Management, 2005). HC 6431 In7r
Preparing for terrorism: a property manager's guide, (Chicago, IL: Institute of Real Estate Management, 2002). HV 6431 In7p
Field Guides & More
These Field Guides and other resources in the Virtual Library may also be of interest:
Field Guide to Effects of Hazardous Waste on Property Values
Field Guide to Home Safety and Security
Field Guide to REALTOR® Safety
>> Have an idea for a new Field Guide? Click here to send us your suggestions!
The inclusion of links on this Field Guide does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked to this Field Guide complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.
