OPPORTUNITY
Hurricane Matthew affected assets in South Florida, Orlando, Daytona Beach and Jacksonville. There was a need to work with restoration and insurance companies to utilize all potential options to restore the assets to original or improved state.
EXECUTION
Tzadik’s disaster management team was fully prepared for the storm weeks in advance. All proper precautionary measures such as proactive maintenance and resident awareness activation were completed. Post storm execution helped mitigate potential damage with several on the ground restoration teams present less than 24 hours after the storm. Thorough documentation of all damage allowed for recovery of all lost business profit.
OUTCOME
• $3.75 million saved due to Post Storm Asset
Inspection Protocol
• Occupancy stabilized due to preemptive
customer satisfaction
• All effected units were restored and
re-occupied in timely manner.