With many high-rise buildings aging in the South Florida area, the need for capital projects has risen based on existing and new building code requirements as well as the need to keep buildings safe. For good reason, a magnifying glass has been put on the state of physical assets, the status of local and state code requirements, and compliance. These code requirements include the 40-year recertification process in Miami-Dade and Broward counties (but expected to be expanded to other counties as well).

This mandatory inspection ensures that the structure still meets safety standards and current building codes and identifies what needs updating. Every 10 years after that, properties must get another reinspection done for the same purpose. Capital improvement projects from these inspections may include concrete restoration, floor and roofing systems, windows and electrical just to name a few.