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Minimize your liability in a property transaction.

Identify Environment

Thoroughly examine past activities, land use, and events associated with the site to identify potential environmental risks and liabilities.

Site inspection and reconnaissance

On-site examinations and data collection assess current environmental conditions, identifying any potential risks or hazards related to the property.

Evaluation of risks of neighboring properties

A comprehensive analysis determines if nearby land uses or activities may pose environmental threats or liabilities to the subject property.

Recognized Environmental Conditions (RECs)

The process of pinpointing any known or suspected environmental issues that could affect the property, ensuring transparency and informed decision-making in real estate transactions.

The Benefits of Phase I ESA

The Benefits of Phase I ESA  image

The Benefits of Phase I ESA

Phase I ESA reports will benefit you by shielding industry professionals from unexpected environmental liabilities, safeguarding investments and financial interests, and adding value to a property by ensuring environmental regulatory compliance, reducing legal and financial risks, and streamlining real estate processes. Phase I ESAs are assessments conducted to identify potential or existing environmental contamination liabilities associated with a property. Adherence to standards such as those set by the American Society for Testing and Materials (ASTM 1527-21) ensures that these assessments meet the criteria established for environmental due diligence. In real estate transactions and property development, a compliant Phase I ESA is indispensable for informed decision-making, risk management, and ensuring the long-term viability of the property in question.

The Art of Phase I ESA

Phase I assessments encompass both present and past property activities, instilling trust and understanding among all stakeholders involved.

  • Comprehensive Environmental Review: A Phase I ESA offers a detailed evaluation of a property to identify any potential or existing environmental contamination liabilities.
  • ASTM Standards Compliance: The assessment is conducted in compliance with the criteria set by ASTM.
  • Historical Property Analysis: Phase I ESA drills into the property’s historical usage, providing insights into past environmental concerns.
  • Liability Defense: By documenting the condition of a property, a Phase I ESA offers a defense against potential future environmental liability claims.
  • Regulatory Adherence:  The Phase I ESA ensures that property transactions are in compliance with local, state, and federal environmental regulations, safeguarding stakeholders from potential legal repercussions.
Begin Your Due Diligence
module features icon Identify Potential Risk
module features icon Inform Property Value
module features icon Ensure Compliance
module features icon Reduce Liability
module features icon Aid Transaction Decisions

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