The Professionals’ Choice for Real Estate Jobs
  1. Home
  2. Resources
  3. Employer Brief
  4. Companies Without Disaster Plans Get A Coronavirus Crash Course

Companies Without Disaster Plans Get A Coronavirus Crash Course

Alexandra Marvar,

For commercial real estate companies that didn’t have a crisis management plan, the pandemic has been a rude awakening. It has also been an opportunity to take notes.

According to BDO USA’s Ross Forman, managing director of corporate real estate advisory services, as many as 50% of businesses globally didn’t have a business continuity playbook in place before the coronavirus, and a large percentage of those that did had not run true exercises or simulation to make sure their plan would play out smoothly. 

“They may have checked the box — i.e., ‘Is the generator running?’ or ‘What tools do we have?’ But did they test? Did they train? In many cases, the answer’s no,” Forman said. “It’s kind of like health insurance: We’re healthy, we’re making money, revenue’s growing and we’re focused elsewhere. And it’s all good until you get sick and you find, well, you could’ve used some health insurance.” 

To Read The Rest Of This Story Click Here

About the SelectLeaders Job Barometer

The SelectLeaders Job Barometer, published since 2006, is the foremost survey of employment opportunities, trends, and hiring practices in the commercial real estate industry.

About the SelectLeaders Real Estate Job Network

SelectLeaders powers the Career Centers for 9 premier real estate industry Associations (whose members control or direct 90% of commercial real estate). Jobs are from all sectors and all levels with 29% paying over $100,000. SelectLeaders Job Network offers unequalled access to the Real Estate community. To learn more visit or visit our Job Network Career Centers: BOMA, CCIM, CREFC,, NAIOP, NAREIM, NAREIT, NMHC, PREA, Project REAP, ULI, NRHC

All Employer Brief