CORP CRR 2024 8.5x11 v10 - Flipbook - Page 16
2 0 2 4 CO R P O RATE RESI LIENCY REPORT
BUSINESS CONTINUITY
In a time when our industry is quickly evolving, we believe that business continuity and resiliency planning is critical for
market differentiation and long-term financial success. Our senior leadership team, with oversight from our Board of Directors,
continuously refines our business continuity plan and enterprise risk management framework in response to ever-changing
market, environmental and financial conditions. This proactive approach, along with the commitment of our coworkers and a
strong balance sheet, enables our organization to successfully navigate through challenges as well as capitalize on opportunities
resulting from thoughtful planning and deliberate decisions.
We will continue to plan for unforeseen events, reimagine what is possible and treat every challenge as an opportunity to build a
stronger, more resilient organization.
TAMPA
WEATHERING BACK-TO-BACK HURRICANES
In late 2024, the Tampa Bay area was impacted by two
hurricanes in quick succession. First, Hurricane Helene
unleashed record-breaking storm surges in September,
inundating coastal communities with flooding. Before
the region could fully recover, Hurricane Milton arrived in
early October, bringing high winds and widespread power
outages. Despite the storm impacts, strategic investments
in operational resiliency and business continuity planning
helped our Tampa portfolio successfully weather the
storms with minimal damage, no loss of power and no
business interruption. These climate risk mitigation
measures include:
PRE-PLANNING: Days in advance, we strategically began
preparation for the storms by identifying critical systems
and infrastructure.
PROACTIVE SHUTDOWNS: Following established
emergency shutdown procedures, our team mitigated risk
and potential damage to building infrastructure.
RESPONSE TEAM: Our local team successfully staged
equipment and contractors that enabled quick response
after the storm.
RECOVERY: In collaboration with our supply chain
partners, our assets resumed normal business functions
within 24 hours of the storm.
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MIDTOWN EAST | TAMPA
