A Phase I ESA identifies recognized environmental conditions (RECs) that could impact the value of a specific property.
With this assessment, you will know whether the site has had any problems with chemical or hazardous materials in the past, helping protect both the buyer and seller in a real estate transaction.
Advancing the following UN Sustainable Development Goals:
Delivered By
Procedures for evaluating a property include:
Inspect Subject and Adjoining Properties
An on-site inspection, under the supervision of an environmental professional, will document relevant surface features that may suggest RECs are present.
Review Historical Data
The historical usage and history of the subject property is examined for potential risks. This includes aerial, topographical, fire insurance maps, city directories and property owner interviews where available.
Evaluate ASTM 1527-21 Standards
The ASTM Standard is the only US EPA-approved guidance that qualifies as an AAI to ensure limited liabilities protection for real estate.
What does a Phase 1 ESA cover?
What does a Phase 1 ESA cover?
Our Phase I ESAs include:
U.S. EPA All Appropriate Inquiry (AAI)
Standardized ASTM 1527-21 guidance for report preparation conducted by an environmental professional
Government database records search
Site inspection with photo documentation
Historical records review
Current owner interview and/or questionnaire review
Comprehensive summary with all findings and conclusions
Protects the landowner’s liability, especially in commercial and municipal real estate transactions
Remains central to the environmental due diligence process
Identifies past and present uses that could impact the site, such as significantly impacted subsurface environmental conditions that could limit or impact current or planned site use
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