Commercial Real Estate professionals tend to think that if a building is relatively new, then there shouldn’t be many serious issues of concern. In the complex world of building materials though, newer is not always better. Over the years, our industry has witnessed building materials such as fire retardant treated plywood, polybutylene and ABS piping, EIFS and engineered wood siding, oriented strand board, and Chinese drywall added to a growing list of items prone to poor performance and/or failure. The latest and possibly most dangerous addition to the list may be certain Aluminum Composite Materials (ACM) used in exterior cladding applications.
In December 2015, ASTM Subcommittee E50.02 (Real Estate Assessment and Management) approved revisions to the Standard Guide E2600 for Vapor Encroachment on property involved in real estate transactions. This was the first update in 5 years.