Environmental Due diligence can include Environmental Site Assessment Phase I ESAs, Phase II ESAs, Questionnaires, Transactions Screens. Environmental due diligence can take many forms , and will dependent upon the transaction type, environmental risk of the property.
Our staff’s comprehensive experience includes the ASTM, federal and state regulatory agency, and industry standard procedures and regulatory framework that are required by the Small Business Administration (SBA) and most commercial lenders, regardless of the known past history of the site, performs environmental site assessments (ESAs) and cleanups for private and government projects at commercial, industrial, and manufacturing facilities.
Property and Facility Types Include:
- Commercial Retail, Low Rise, and High Rise
- Residential Development Sites
- Warehouse and Manufacturing
- Agricultural, Farming, and Industrial Properties
- Federal, State, County, Municipal Facilities
- Petroleum Storage Tank Sites Bulk Fuel Storage and Airport Facilities
- Oil and Gas Tool, Production, Exploration Sites
Environmental Site Assessment
An environmental site assessment is a report prepared for real estate agencies and/ or property owners which identifies potential or existing environmental impact liabilities. The analysis, often called an ESA, typically addresses both the underlying land as well as physical improvements to the property.
Phase I ESA ASTM E1527-13
The purpose of this Phase I ESA practice is to define good commercial and customary practice in the United States of America for conducting an environmental site assessment of a parcel of commercial real estate with respect to the range of contaminants within the scope of Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) (42 U.S.C. 9601) and petroleum products. This practice is intended to meet the EPA‘s All Appropriate Inquiry (AAI) standards.
Our Phase I ESAs are performed in accordance with the ASTM E1527 – 13 Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process.
Phase II ESA E1903-11
This practice is intended for use on a voluntary basis by parties who wish to evaluate known releases or likely release areas identified by the user or Phase II Assessor, and/or to assess the presence or likely presence of substances, for legal or business reasons.
The Phase I ESA may reveal Recognized Environmental Conditions (RECs) that require a Phase II ESA subsurface, asbestos, lead based paint, or mold investigation before a determination of liability can be made for a property.
The nature of historic and current operations at a Property, can also indicate that Phase II sampling, analysis, and assessment may be more appropriate than a Phase I ESA; For example a historic or active gasoline station, mechanics shop, dry cleaners, or industrial facility may go straight to a Phase II ESA depending on the amount of information available for the property.
When is the best time to have an ESA done?
Whether you are the seller or buyer in a property transaction it is important to have an ESA done early on during the transaction or even better, before the transaction of the property to prevent any delays in the process.
It is important for the seller to provide all key environmental documents for the property like; existing Phase I ESA or Phase II ESA, environmental permits, regulatory permits or records, regulatory records and reports, description of response actions or remediation projects, description of claims by any government authority or third party contingent liabilities, and all environmental reserves that the property may have.
Property Transaction Screens ASTM E1528-14
The purpose of this real estate environmental screening practice is to define good commercial and customary practice in the United States of America for conducting a transaction screen for a parcel of commercial real estate where the user wishes to conduct limited environmental due diligence (that is, less than a Phase I Environmental Site Assessment).
Our environmental transaction screens in accordance with ASTM E 1528-14, desktop reviews, and ESA updates.
All Appropriate Inquiry (AAI)
Is the formal process of assessing properties for the presence or potential presence of environmental contamination, it will evaluate historical and current use of the property in an effort to identify recognized environmental conditions (RECs) and historical recognized environmental conditions (HREC) in connection with the subject property, AAI is obtained by complete a Phase I environmental Site Assessment.