Jan 27, 2025
After over three years in development by a team of over 200 people representing diverse expertise and contributions, the final ASTM E3429-24: Standard Guide for Property Resilience Assessments (PRA) was published recently and has been gaining important traction in its implementation the past couple of months.
This critical guide provides a standardized process to inform decision makers such as real estate owners, investors, operators, lenders, and insurers on how to evaluate natural hazards at a specific property, assessing associated risks, and identifying resilience measures that can enhance property performance and recovery time.
We are so proud of Courtney Wladyka, Co-director of ESG at Marx|Okubo, for her expert contributions and impact on the new ASTM guidelines as part of a large, insightful, diverse, team that worked for several years to develop new property resilience standards.
Courtney assisted primarily on the Stage 2 development of the ASTM PRA, which focused mainly on evaluating the risks posed by the hazards likely to affect a property as well as assessing the asset’s capacity to prepare for, adapt to, withstand and recover from those hazards.
One area of particular significance to Courtney within the Stage 2 content development was around wildfire resilience. Having experienced multiple wildfire incidents living in California, she brought personal insights to the process, which underscored the importance of equipping properties to face and adapt to these increasingly frequent and severe events, which, sadly, we are seeing play out right now.
Importantly, we know that resilience is not just a buzzword; it’s a necessity. This guide aims to simplify complex decisions, offering property-specific, actionable insights across varying geographies, risk profiles, and asset types.
Link to the ASTM PRA Guide: https://www.astm.org/e3429-24.html
